Future of Mobility

Nitin Seth
CEO – New Mobility
Reliance Industries Limited
‘Connected Transformation’ of the World

Year of
Traction

Web 5.0 Augmented Humanity Transhumanism

Web 4.0 Connected Ecosystems Data Economy

Web 3.0 Connected Devices IoT & M2M

Web 2.0 Connected People Social Technologies

Web 1.0 Connected Organizations Digital Marketing

Digital Technologies Transforming the World

Internet of Things/
Cloud Computing Edge Computing AI Enabled Analytics
Sensors

5G Enabled
Mobile Solutions Virtual Reality Automation & Robotics
Hyper-Connectivity
Example of how Global Auto OE’s Outlook is Transforming…

Focus Area Today By 2030

Major Players Automotive OEs Tech Companies

Business Model Provider of Vehicles Provider of Mobility Solutions

H2, Electric, Diesel, CNG,

Vehicle Technology Petrol/Diesel
LNG……..
Designing/Productionizing
Designing/Productionizing
Core Competency Vehicle Hardware + Software +
Vehicle Hardware
Solutions
Solutions Selling (B2B2C
Sales & Marketing Product Selling (B2B Mindset)
Mindset)
50% - Vehicle Sales (2X)
Revenue ~100% - Vehicle Sales (1X)
50% - Tech Solutions (2X)
Global Trends driving Innovation in Automotive - CASE

Connected + Connected+ Connected + Shared +

Connected
Shared Shared + Electric Electric + Autonomous

• Gateway Module • Freight Aggregation • Vehicle-Infra • V2V, V2I & V2X

Sustainable Mobility
• Location Based • Demand vs Supply Integration • Truck Platooning

Services Matching • Energy Management • Smart Delivery

• Health Monitoring • Freight Sharing • Health Management • Autonomous last-mile

• Multi-Modal • Range Prediction • Zero unutilized Vehicle
• Driver Monitoring
Transport • Central Command Capacity
• Accident /SOS
• Last-Mile Center
• Uptime as a Service
Connectivity

‘Connected Solutions’ is the base for all Mobility Solutions of the future
Future Mobility Trends – CASE for Indian Context

Connected ADAS Sustainable eMaaS

TODAY’S INDIA =
IDEAS + INNOVATION + INVESTMENTS
Key Trend 1 -> H2 as an Energy Source

• H2 has 3X mass energy

GREEN HYDROGEN
Produced from renewable electricity (solar, wind) via density than NG, but 2.5X
electrolysis; no CO2 emissions. lower by volume.

• H2 as an energy buffer or
BLUE HYDROGEN
Grey Hydrogen coupled with CCS and/or zero-carbon storage can potentially solve
bio-methane; no CO2 emissions; fossil fuel feedstock intermittency problem of
large-scale renewables.

GREY HYDROGEN • H2 is a versatile solution

Produced from natural gas (e.g SMR) most widely
capable of decarbonizing the
used method to produce hydrogen today.
hard-to-abate sectors.
H2 as a future fuel for ICE & FCEVs

▪ RIL has adopted a leadership status in the Indian and wider global market by
being
▪ One of the first companies to initiate & develop H2 Internal Combustion
Engines (H2 ICE) & Fuel Cell Systems (FCS)
▪ Plans to Commercialization in mobility applications at a mass scale
▪ Partnering with automotive OEMs

H2 ICE
▪ Utilizing the same H2 storage & refueling ecosystem
▪ Hydrogen fuel cell systems (FCS) and Hydrogen Internal Combustion Engines
(H2 ICE) are complementary technologies

▪ H2 FCS are categorized as zero emissions while H2 ICE emits no hydrocarbons

and a low level of NOx

▪ Fuel Cell EVs are viewed by RIL as a long-term Mobility solution, while H2- ICE is Fuel cell system @ RIL
viewed as an intermediate cost-effective approach – Replacement potential
Introducing India’s 1st Running Prototypes with Hydrogen Internal Combustion Engine

‘Innovative’ & ‘Differentiated’ Solution to Accelerate Hydrogen Mobility

H2 ICE Engine Development H2 Kit on Vehicle & Validation in Progress Exhausts ‘Water’

Hydrogen ‘Retro Kit’ / OE solutions for Future of Green Mobility

Key Trend 2 -> Mobility as a Service
▪ High Upfront Cost of EVs/H2 Vehicles make MaaS an attractive Business Model
▪ Support Zero emission campaigns by large corporates – Amazon , Flipkart , RIL, Ikea etc.
Contributors ▪ 7000+ eBuses in FAME 2 under Gross Cost Contract Model
for MaaS in ▪ EV state policies announced in 11 states promoting usage by providing incentives in purchase , manufacturing ,
India R&D etc.
▪ Phased Manufacturing Program launched to promote localization further reducing cost of EV’s
▪ All above factors are accelerating TCO parity between EV & Diesel

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Key Trend 3 -> The Shift Towards Electric Vehicles

EVs likely to Dominate 2W, 3W and LCVs in

Next 5 Years

Around 16M EV Pass. Car Sales Estimated

by 2030

Electric Vehicles likely to Dominate all

Segments of Mobility from 2W to Pass Cars
& LCVs –
Likely to Extend to ICV Trucks
RIL’s New Energy Battery Solutions

Digital Solutions
• End to End digital solutions including Charge Management, BMS, Fleet Management
• BMS include industry leading features, built on a highly configurable platform, allowing it to support
a wide variety of architectures, and driving lower cost and a faster time to market when compared
to peers

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Global & Local EV Auto Players Shifting Towards BaaS (Battery Swap)

Landscape OE / Startup Name Overview No. of Swap Stations Target Segment

▪ Most established EV player in Taiwan –

11K+
Operates 95% of all EV batteries in the country 2W / 3W
(Current)
(Taiwan) on BaaS
▪ Started as an EV OE – Has now formed a
Global Players separate BaaS unit – Targets 40% Vehicles on 981+
Cars
(Current)
(China) Swap in 5 years
▪ Starting Swap Operations in India (Bangalore) – 50+
2W / 3W
(Japan) Plans to Scale in next 18 Months (By End Of FY23)

▪ Largest 2W Manufacturer – Partnership Yet to Start

2W
Announced with Gogoro for Indian Market (Nos. not declared)

▪ Most aggressive Indian EV startup propagating 3000+

Indian Players 2W
BaaS model (By End Of FY23)

▪ Early adopter – Swap Battery & Infra 2500+

2W / 3W
Manufacturer (By End Of FY25)

Battery Swap - A critical Model to Capture value Post Vehicle Sale

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 Critical Challenges for Accelerating ‘ New Energy Mobility’
Category Hydrogen
▪ Proving of Hydrogen Mobility Technologies - H2 ICE & Fuel
Cell in real- world operating conditions - Validation of
Performance & Safety Systems
Technology
▪ H2 Storage Tech- @ 700 Bar & Carbon Fiber Tanks
▪ H2 Transportation Tech – Liquid Organic H2 vs Liquid H2 vs
Compressed H2 vs Metal Hydride etc.
▪ Progressive reduction in cost of Green Hydrogen Production
Cost
▪ Reduction in Cost of Carbon Fiber H2 Tanks, FIE Systems,
Fuel Cells etc.
▪ Availability of an extensive network of H2 Refuel stations
across major trucking routes in India
Ecosystem
▪ Subsidies to complement H2 Cost reduction and accelerate
consumption ecosystem
▪ Promote State-Level Policies to complement National
Hydrogen Mission
Government Policies
▪ Identify Pilot Projects for Green H2 Mobility Corridors
Battery
▪ High Energy Density, Low Cost & Safe Battery Technologies to
Overcome Range , Cost & Technology Anxiety
▪ Establishing Proven & Safe Cell Chemistry - Manufacturing
Cells developed in mass for safety, cost and energy density
▪ Proliferate Standardized form factors for accelerated adoption
of ‘Open Swap’ Ecosystems
▪ Cell cost is 70% of Battery Pack Cost - Mass Production of
locally manufactured cells / supply chains critical to reduce
import dependency and costs
▪ Under PLI scheme, Indian energy players are developing
customized solutions for India
▪ Cell Cost to be targeted at <$100-120/kWh for Indian Market
▪ Proliferation of Mobility as a Service, Battery as a Service and
Financing models to make TCO competitive to ICE Tech
▪ Creating extensive network of Battery Swap Stations &
Charging Stations across India
▪ Battery ecosystem heavily dependent on Government
Subsidies – Localization critical to aid non-subsidized models
▪ Standardizing Battery Chemistry & Form factor
Overall Core Takeaways

Organizations need to aggressively & actively pursue the following:-

▪ Accelerate Transition to ‘Zero Carbon’ Technologies

▪ Challenge ‘Status Quo’ & Pioneer ‘Technology Solutions of Tomorrow’

▪ Reimagine Customer centricity & customer experience for the ‘New-Age’

▪ Invent new & disruptive Business Models & Solutions

▪ Remodel business operations based on data & tech to deliver new product

offerings & personalized customer experience