AI assistant
Zooz Power Ltd. Investor Presentation 2021
7123_rns_2021-11-07_54516f6a-fb5c-4d59-be1f-b59774c5299c.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Enabling EV fast-charging Anywhere
1
Legal Disclaimer
• The information included in this presentation is not comprehensive and does not include all the information on Chakratec Ltd. ("Chakratec" or the "Company") and its business. (the "Presentation") is not an offer or solicitation to buy securities of the Company, and its provisions are not a recommendation or an opinion. This Presentation includes forecasts, estimates, assessments and other information pertaining to future events and/or matters, whose materialization is uncertain and is beyond the Company's control, and which constitute forward- looking information, as defined in the Securities Law, 5728-1968. Such information may not materialize, in whole or in part, or may materialize in a manner significantly different to that forecast. No representation or warranty, express or implied, is made by the Company or any of its affiliated entities, as to the fairness, accuracy or completeness of the information contained herein. The past performance information contained herein is not indicative of future results and there can be no assurance that the Company will achieve comparable results or that the Company will be able to implement its investment strategy or achieve any investment objective. The summary information herein does not purport to be complete. No reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this Presentation.
• This presentation is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any shares or other securities of the Company or any of its affiliated entities nor shall it or any part of it form the basis of, or be relied on in connection with, any contract, commitment or any investment decision whatsoever in Israel or in any other jurisdiction.
• This Presentation has been prepared to provide preliminary information about the Company to a limited number of prospective sophisticated and experienced investors, to assist them in determining whether they have an interest in investing in the Company. No legally binding obligations will be created, implied, or inferred from this Presentation.
• If any inconsistency shall be found between the information included in the Presentation and the information included in the Company's reports on www.magna.isa.gov.il, the information provided on www.magna.isa.gov.il shall prevail.
• With the exception of trademarks owned by the Company and / or trademarks which the Company has rights to use, any trademarks mentioned in this presentation are the property of their owners and are used in the presentation for the sole purpose of understanding the context. The use of such trademarks should not be construed as approval or verification of the Company's software, services or securities.
Power Booster – Enabling Fast-Charging Anywhere
Accelerating mobility Electrification
Flywheel based POWER BOOSTERS
EV Fast charging ANYWHERE
Boost Grid at powerconstrained locations
Added Value for entire ecosystem
Innovative
Unique & Patented CE & UL Certified
Sustainable
No toxic materials. No re-cycling costs
Cost Effective
Lowest Lifetime Costs
The EV revolution is accelerating…
000's, Outlets
Fast Charging is Critical for EV adoption
*DCFC – Direct Current (DC) Fast Charging
Charging Infrastructure – a fast moving market
Public sector Utilities Elec. OEM Retail O&G
Gas stations
Car makers
New players
7
Market dynamics in action:
- S-curve
- Arms race
- Land & Expand
- Network effects
- Pay to Play
2020 2030
Early days Low penetration Cherry picking Install where grid is strong Govt grants Longer payback period
Mass Deployment High penetration Wide coverage Install everywhere Free market Short payback period June 21st 2021
"Market leaders in DC fast charging
can create stickiness by leveraging their knowhow for brands, enabling software, and a seamless customer experience."
Infrastructure Disruption
Gas Stations
Centralized Approach
- 100% refueling in public stations
- 'Few' 'big' gas stations, serving 100s vehicles a day
- Fast Refueling (5-10 min.) everywhere
- Amenities added around the station
- 20%-40% charging in public chargers
- 'Many' 'small' Stations – 10s EVs/day/charger*
- Fast Charging is rare & not trivial
- chargers ARE the amenity
Distributed Fast Charging Vs Fast Charging Hubs
A Mixed-solution Infrastructure
Fast Charging Hubs
"gas-stations-like" – multiple FC ports, Located where the grid is powerful
Small Distributed fast charging sites
- At destination (inside cities)
- On-the-go every 30-50km
Legend
Intercity Highway National roads
Fast-Charging Hub (@ powerful grid)
On-the-go distributed FC
Existing Grid cannot support Fast Charging
Dilemma: Accelerate DCFC roll-out or Defer investment
Grid upgrade challenges
"… some fleet operators are taking delivery of EVs only to find that they face a long wait to get the necessary charging equipment up and running"
July 20th , 2021
DCFC can draw the equivalent of a whole neighborhood's electricity needs at once.
Large investments ...are required in transmission lines, substations, transformators etc.
May 5 th , 2021
The Value of Power Booster - Example
Energy Storage technologies are not created equal…
Li-ion Batteries shortcomings
Rapid Aging & Performance Degradation
Recycling Costs & Environmental footprint
Safety
Flammable & Toxic materials, Safety hazards & limitations
Batteries are Not Optimized Not Cost-effective Not Sustainable Not reliable For Fast Charging
Chakratec Technology & Product
Core Technology – Flywheel (V8)
- Power > 12.5kW
- C-rate 4 (for 15')
- Patent-protected
- Mature and robust
- Inherently Safe
- >10 years guaranteed warranty
- Power > 100kW (for 15')
- 200,000 charging cycles
- CE (EU) and UL (US) certification
- Optional Site Power Management (EMS) Software package
- Enables Fast-Charging (>150kW) at power-limited grid (50kW)
Innovative & unique, patented.
x 8
High Power
High performance
Durable & Reliable
Cost effective
Flexible & Modular
Sustainable – Non-chemical
Complementary Services
Turnkey Fast-Charging Solution
- Based on KPB100 product
- Including Chakratec micro-grid Power Management SW (EMS)
- Complementary HW, SW & Services (by partners)
- White label/ Co-branding
Professional Services – lifetime support
- 'Make-ready' support
- Installation support
- Relocation support
- Technical support
- O&M Support
- Professional O&M
- Extended warranty
Faster, better & lower cost than alternatives
Accelerate Deployment
✓Faster alternative to grid-upgrade ✓Safer & more flexible alternative to Li-Batteries-ESS
Boost Brand
✓Better availability and quality ✓Innovative & sustainable
Minimize Total Cost of Ownership
✓Defer Grid investment ✓Gradually increase investment ✓Avoid batteries replacement, ✓Avoid demand charges
TCO of Fast-Charging with Power Booster
Assumptions of presented example (considering above utilization forecast example):
• Batteries lifespan of 3,500 cycles
• Batteries replacement cost ~33% of the initial system cost
A new Value-Chain is evolving
Benefits To All Stakeholders
Benefits To All Stakeholders
Huge Market Potential
Go-to-Market
Market channels:
Indirect:
21
- Charge Point Operators
- EPCs
- Equipment providers
- Local Distributors
- Direct Sales offices
Near-term Focus Territories
Market Introduction
Generate traction:
- Market education
- Build First Pilots
2021: US, UK, Austria. 2022: expand EU penetration Key Accounts & Channel Development
Enable scale:
- Build relationship w/ key accounts
- Sign agreements w/ channels
- Get into key tenders' consortiums
- Expand partnership / supply chain
- Expand installation / use cases
2021: Germany 2022: US, UK (& EU others)
Scale-up
Execute and expand:
- Sell through channels
- Focus on Products & Services
- Expand Customer base
- Expand customer support
- Scale-up supply chain
- Align roadmap & Expand offering
Increasing Market traction
Vienna Airport
Operating since 2018 Over 700 vehicles charged EU demo site
Commercial DCFC pilot Site construction in progress Expected COD 2Q2022 Upon success –+5 sites expansion and enter US distribution agreement
Pilot for use case analysis Over 1500 vehicles charged Data Collection System-level maturation
NY/CA
Joint R&D Funded by BIRD Planned commercial DCFC pilot Expected COD 2Q2022 DEV of joint solution & marketing
1 st commercial Sale Underground parking use case Operational since Dec. '20. Discussions for site expansion
Customers across value chain
2022 Installations support EU expansion & US penetration
NextGen validation & SCALE
Recent Achievements & Short-Term Plan
Recent Achievements
- ✓KPB100 Design completion & Production kickoff
- ✓Significant progress in V8.1 Flywheel Verification & Certification process
- ✓Build & training of Flywheel supply chain
- ✓Cooperation agreement with Flex as the Serial Production partner.
- ✓Company moved to new location to support expected growth.
- ✓Expansion of Marketing & Sales efforts in EU & US.
(**) The provided information is forward looking as defined in Securities Law, section 32A. It may not be materialized as presented, as detailed in slide 2 of this presentation.
(*) Future products information is still preliminary and may change
Charging Ahead – Become a leading global supplier
Notes:
25
(*) Quantities refer to systems to be delivered to Customers, based on various business models, and therefore do not represent annual sales forecast.
(**) The provided information is forward looking as defined in Securities Law, section 32A. It may not be materialized as presented, as detailed in slide 2 of this presentation.
Thank You !
Enabling EV fast-charging Anywhere
26
Enabling EVfast-charging Anywhere
Appendix slides
27
Range Anxiety
February 27th , 2021
… The road trips made one thing clear – Range Anxiety is real, and it can be quite traumatic…
The complete article:
Maximize value of fleet electrification
Example Configuration: Fleet < 20 Evs, Grid power – 100kW, Equipment – L2 –chargers + 1DCFC + 1 KPB100 (phase-1) / 2 DCFC+ 2 KPB100 (Phase2)
29
Example Configuration: Grid power – 400kW, Equipment – L2-chargers + 4-6 DCFC + 2-3 KPB100
Hybrid Booster to support Charging-Hub
Hub Power consumption varies significantly
- At different times of day/year
- Multiple demand spikes
The Challenge
Maximizing the benefit of two technologies
- Kinetic Power Booster (C-rate of ~5)
- support frequent, short, demand spikes
- multiple high-rate cycles per day
- Li-Ion Energy Storage (C-rate of ~0.5)
- support grid during rush-hours' demand peak
- 1 full equivalent cycle per day
Hybrid Booster can reduce CAPEX & OPEX
- Avoid / reduce demand charges
- Reduce grid upgrade costs
- Gradually increase CAPEX (ESS and KPB)
- Reduce batteries replacements costs
• Power booster – 250kW, C-5
The Benefits
30
Competition - Flywheel-based Solutions
| Chakratec | Beacon Power |
Active Power |
Amber Kinetics |
|
|---|---|---|---|---|
| Discharge Duration |
10-30 min. | < 1 min. | < 1 min. | ~4 hours |
| Focus application |
EV Fast- Charging |
Balancing | UPS | Renewable Energy |
| Speed (rpm) | 17,000 | 17,000 | 7,000-8,000 | 7,000-8,000 |
| Rotor material (cost) |
Steel Plates (\$1.5/kg) |
Carbon fiber (\$20/kg) |
Stainless Steel (~\$4/kg) |
Stainless Steel (~\$4/kg) |
| Installation | Over ground | Buried | Over gnd. | Buried |
| Charging Cycles |
High (200,000) |
High (175,000) |
Low | Low (11,000) |
| Continuous Operation |
Yes (air cooled) |
Yes (liquid cooled) |
No (require relax time) |
Yes (low power) |
Recently additional competitors announced Flywheel-based solutions targeting EV Fast-Charging application: www.teraloop.org www. levistor.com
According to Company's estimate solutions are still immature
Payment plans
| Monthly Rent | Full Purchase | Purchase with Long-term service commitment |
|
|---|---|---|---|
| Benefit | Low upfront cost | Minimal total cost of ownership (TCO) |
Moderate upfront cost + High certainty of OPEX |
| System Ownership | Chakratec | Site Owner/Operator | Site Owner/Operator |
| Commitment Period | Min. 36 months | - | Min. 36 months |
| Upfront Payment | \$0 to little down | Full system cost | 40%-70% of system cost |
| Monthly Payment | √ | With BoostProtection | √ |
| Warranty | √ | √ | √ |
| Full Service | √ | With BoostProtection | √ |
Pilot location – Rockhill, SC
- ✓ Delivery of Chakratec Power Booster and Setup of EV fast-charging infrastructure – Q2/2022
- ✓ Expected Pilot duration 3 months
✓ Upon success –
- ✓ +5 sites expansion
- ✓ Enter US distribution agreement
ACRONYMS
| Acronym | Meaning |
|---|---|
| EV | Electrical Vehicle |
| DCFC | Direct Current Fast Charger |
| CAPEX | Capital Expenditure |
| OPEX | Operational Expenditure |
| HW OEM | Hardware Originial Equipment Manufacturer |
| O&G | Oil & Gas |
| LFP | Lithium Ferrophosphate |
| NMC | Nickel Manganese Cobalt |
| EMS | Energy Management Software |
| CPO | Charge Point Operator |
| EPC | Engineering Procurement Construction |
| FW | Flywheel |
References
-
- https://www.forbes.com/sites/prakashdolsak/2021/05/05/the-lack-ofev-charging-stations-could-limit-ev-growth/?sh=62d5e8266a13
-
- IEA (2021), Global EV Outlook 2021, IEA, Paris https://www.iea.org/reports/global-ev-outlook-2021
-
- https://www.forbes.com/sites/kamranrosen/2021/02/24/the-hiddeninvestment-opportunity-in-the-electric-vehicle-wave-commercial-realestate/?sh=7065e0ad22b9
-
- https://www.reit.com/news/articles/office-reits-cater-to-commuterswith-electric-vehicles-
-
- https://www.current-news.co.uk/news/battery-storage-the-key-toeasing-ev-grid-upgrade-concerns-unlocking-other-benefits
-
- https://about.bnef.com/electricvehicle-outlook/
