Teva Motors Limited
• Asher Bennett, CEO • 07450 647600• www.tevamotors.com
Range Extended Electric Trucks With Lower Life Time Costs Than Diesel Trucks
55%
28%
22% 6% £74,622
0
20000
40000
60000
80000
100000
120000
Vehicle (& engine & motor)
Fuel (Electricity & Diesel)
Battery Other* TCO
Amou
nt (£
)
32%
50%
18% £96,760
0
20000
40000
60000
80000
100000
120000
Vehicle (& engine)
Fuel (Diesel)
Battery Other* TCO
Amou
nt (£
)
23% saving
Incentives
Pollution charges
DIESEL TEVA
Time (% of a full day of use)
Stat
e of
Cha
rge
(%)
Traditional system
With PREMS
• Operational Limitations• Lifetime cost
• Emissions
Barriers and Teva Solution
Lack of charging infrastructure
Unpredictable range
High sticker price
Operational risk of running out of range
Limited space in vehicles
High costs to set up assembly line
Teva only needs depot 3-phase charging that already exists
Range extender removes range limitations
Customers in the commercial sector focus on TCO
Customers in the commercial sector have predictable daily range with small variance
Trucks have physical space to put in different systems – simplifies development process
No costs – assembly line already exists, Teva brings in a complete chassis
BARRIERS TEVA SOLUTION
Team/Partners/Awards
• Executive/Operational Team CEO: Asher Bennett – Entrepreneur, EV and BATTERY specialist with 18 years experience.
Chairman: Sir Trevor Chinn – High profile businessman and ex chairman RAC, AA, Kwik-Fit.
Trevor Power: Automotive entrepreneur and EV specialist.
Malcolm Powell: Ex Tesla and Lotus.
• Partners: China’s largest diesel truck exporter. World’s largest truck fleet operator.
• Awards: DECC Energy Entrepreneurs Fund Competition ~ £800K Grant
Market Opportunity: 150,000 Trucks per year EU alone. China + USA huge opportunity
Investment to Date: £900K Grant funding, Angel Investors
Next Steps: 3 Prototype Trucks on 2 Chassis Types – Q3Prototype of Predictive Management Application – Q3
ASKSeries A investment: £1million (~ £250K to complete the round). HMRC approved for EIS
2016 2017 2018 2019
Unit Sales 60 340 980 2080
Revenue £3m £18m £54m £117m
Recommended
