RACE Vault

Impact Investing
 How it works?
Holistic solution to the driver

2 hours to convert OpEx drops by 50% 2 mins to swap

We take existing IC engine auto-rickshaws, remove their engine and replace them with a brand new electric powertrain. The entire conversion process
takes just two hours to convert. Once converted, the vehicle can now start using our battery swapping services. The driver just pulls up to one of our
stations, puts in their discharged batteries and pays for the energy used. Once paid, the station dispenses freshly charged batteries to the driver.
 Battery Pack
Safest
Fire Proof (AIS 156 compliant) certified by ARAI, Pune

Lightest
At 9.5kg, it makes it easy to swap

Most Energy
With 170 Wh/kg, it is the most energy dense battery

India’s most advanced swappable battery pack which has been developed
ground up by RACE to address the upcoming battery swapping. It packs an
advanced internal cooling system that extends the battery life. Built for
harsh Indian conditions, to handle the rough handling of packs without any
manual connectors making it truly swappable.

We comply with all standards:

Swap Station
Automated
Equipped with cashless payments and super easy to use user interface

Stackable
Modular stack design to add stacks as demand grows.

Air Conditioned
Perfect temperature of 25 °C for batteries is maintained, always!

With an easy to setup, stackable and automated design, we can setup

swapping stations for an entire city within weeks. The stations use
advanced variable charging algorithms that predict the demand of
the swaps and the load on the grid, ensuring long life of the batteries.
 Jarvis
Trackable
Our proprietary software platform which lets us monitor every vehicle,
battery and swap station, to ensure a smooth and safe operation.

Connected
Every vehicle comes with 4G LTE, Bluetooth 5.0 and GPS as standard
– never before seen in this segment.
Vehicle Tracking System

Battery & Vehicle Vitals Tracking System

Geo-Fencing
Using these wireless systems we are able to geo-fence the vehicles
for additional safety.

Over-The-Air
With Over-the-Air updates the vehicles, batteries and stations stay
up-to-date and better, improve with time.
 Retrofit Kit
Powerful
More torque than the old ICE vehicle

Tamper Proof
3 layer authentication system prevent any theft

Comfortable
As an EV, makes it easy to drive

The conversion kit has been designed to increase all

aspects of the vehicle such as power, ergonomics, ease
of driving and acceleration. Given that the driver is
shifting from a manual ICE to an automatic EV, they are
able to drive more and hence earn more.

Complies with all automotive and state RTA regulations

as per the Motor Vehicles Act.
 State-of-the-Art
Tech Centre
We design, develop and test all our products under one roof. This lets our R&D team
go from designing the product in the morning to testing them on the field by evening,
helping us develop some of the World’s most advanced swappable battery packs.

The products have been developed over 3 years with millions of hours spent in R&D
and over 10 patents to protect the technology.
National Level
Partners

We have partnered with two of the three largest petrol stations in India. This gives
us access to over 30,000 locations across the country – that are at the most
accessible and high traffic locations.

These partnerships are a testament to the trust that big energy players of the
country have placed in our technology. They additionally also help us provide the
best user experience for our customers.
 Bhubaneshwar

Mumbai

Pune

Vishakhapatnam
Hyderabad

Robust
Infrastructure
Chennai
Bangalore 1000 Swap Stations across India by 2023
Focusses across Tier 1, 2 and 3 cities

Our ML driven algorithms decide the most optimal places to

setup swapping stations, ensuring that the driver doesn’t waste
Kochi
any time going to a swap station.
Reduce Pollution,
Save Lives
tCO2e – tonne of CO2 equivalent

3.5 tCO2e per auto per year will be reduced.

9 million auto rickshaws in India

31 Million tCO2e can be removed from India

1% of Total Indian Emissions

will be removed with this solution

1.7 million lives were lost due to outdoor

pollution in India in 2019

Source:
1. Thakur, P., Pal S., (May, 2018), Estimating vehicular emissions from auto rickshaws plying in Bengaluru,
IJSER Volume 9, Issue 5
2. (Dec, 2020), The India State-Level Disease Burden Initiative, Lancet Planetary Health
 Business Models
The operations of all the products are taken care by us.

Tier 1 Tier 2 Tier 3

Batteries only
Purchase only batteries. These batteries are
deployed in the vehicles or the swapping
stations.
Revenue is generated through the sale of
the energy in the battery to the driver.
After the deduction of expenses, the profit
is returned to the investor.
Batteries & Swap Stations
Everything in Tier 1 is included.
Purchase the swapping stations also and
generate additional revenue.
For HPCL & BPCL petrol pump owners,
option to take up part of operations to
generate additional revenue.
Batteries, Swap Stations & Kits
Everything in Tier 1 & 2 is included.
Purchase the conversion kits as well, which
in turn can be sold to the drivers on
financing basis.
Suitable for auto-rickshaw and other
automotive financiers.

Batteries are insured by: Swap Stations are insured by: Conversion Kits are insured by:
 Invest in the Clean-Tech

High & Assured Returns Monthly Repayment

Starting at 23% IRR and up to 30% IRR, our The repayments (principal + interest) are
returns are some of the highest in the market. paid out every month.

Assured Buy Back Safe Investment

At the end of life of the battery, the battery is Auto-rickshaws are the backbone of India and
bought back by RACE, giving an exit value to continue to be so, even during the pandemic.
your investment.

Tax Benefits Feel Good

Businesses can claim depreciation on this Investment you make helps reduce CO2 emissions
investment and reduce their taxable income. and enriches auto-rickshaw driver’s lives.
 Green Investment
Every auto-rickshaw converted to electric

saves 25,000kg of CO2 is equal to planting 175 trees

Over the life of the vehicle.
 Enrich
Driver’s Life
Driver earns extra every year of
₹80,000
The extra savings are critical to the drivers, especially
in the current situation.
There are around 9 million drivers in India and a
further 27 million people are dependent on them.

A hit among older drivers

Lack of clutch and gearbox, vibrations from
engines offers a smooth drive making our vehicles
a huge success among our old-aged drivers as
they don’t feel tired.
 Thank You
E: hello@racenergy.in

RACE
Experience Centre