Leading the Electric Two Wheeler Leading the Electric Two Wheeler RevolutionRevolution

EKO VEHICLES PVT. LTD

10 Brunton RoadBangalore 560 025

May 2009May 2009

Key Management TeamKey Management Team Mr. Anil Ananthakrishna (Founder and CEO)Mr. Anil Ananthakrishna (Founder and CEO)

A serial innovator in the field of mechanical and electrical energy delivering sustainable A serial innovator in the field of mechanical and electrical energy delivering sustainable transportation solutions globally for the past four decades.transportation solutions globally for the past four decades.

Proud owner of four patents and several more in the process.Proud owner of four patents and several more in the process. Unique combination of innovation and business acumen starting business from a scratch and Unique combination of innovation and business acumen starting business from a scratch and

achieving USD 10Mn turnover in three years.achieving USD 10Mn turnover in three years. A team player building and leading a team of @ 150 professionals globally. A team player building and leading a team of @ 150 professionals globally.

Mr.Sai Prakash (COO)Mr.Sai Prakash (COO) Former elected Board Member and Deputy Secretary, Karnataka State Financial CorporationFormer elected Board Member and Deputy Secretary, Karnataka State Financial Corporation Highly experienced in financial management, logistics management, marketing & business Highly experienced in financial management, logistics management, marketing & business

development, brand building, building & mentoring teams development, brand building, building & mentoring teams Fostered sustainable international collaborations and JVsFostered sustainable international collaborations and JVs

Mrs. Lalitha Anil (Executive Director)Mrs. Lalitha Anil (Executive Director) Over two decades in corporate governance Over two decades in corporate governance Highly experienced and skilled in business managementHighly experienced and skilled in business management

Mr. Ajit Prasad (Director Finance)Mr. Ajit Prasad (Director Finance) Over 20 Years of business experienceOver 20 Years of business experience

Mr.Harindranath D R (Director, Operations)Mr.Harindranath D R (Director, Operations) Over 20 years experience in industrial operationsOver 20 years experience in industrial operations

VisionVision

To build and innovate on the basics of To build and innovate on the basics of mechanical and electrical energy to mechanical and electrical energy to develop sustainable transportation develop sustainable transportation solutions which are affordable and solutions which are affordable and satisfying the desires of 21satisfying the desires of 21stst century century global population while addressing and global population while addressing and mitigating potential pollutionmitigating potential pollution

- - EKO TEAM EKO TEAM

Challenges for EVs

EV technology available today sacrifices power for price.EV technology available today sacrifices power for price.

Efficient, Powerful, Low-Cost, High-Quality EVs are not Efficient, Powerful, Low-Cost, High-Quality EVs are not available even available even for the for the marketmarketss that that can afford the samecan afford the same..

Millions do not have access to reliable public transportationMillions do not have access to reliable public transportation, specially , specially in rural areas and EVs have not reached beyond metros and a few in rural areas and EVs have not reached beyond metros and a few urban centres. urban centres.

Electric Vehicle EcosystemElectric Vehicle Ecosystem

The EKO Answer

EKO’s EV EKO’s EV products meet customer expectations on speed, products meet customer expectations on speed, power, range at affordable price; power, range at affordable price; EKOEKOss EVs coEVs cost st less than less than comparable comparable gasoline powered gasoline powered vehiclesvehicles..

Simplified, modular design allows EKO to target Simplified, modular design allows EKO to target both both rural and rural and urban markets while reducing cost of manufacturing.urban markets while reducing cost of manufacturing.

EKO’s ability to incorporate EKO’s ability to incorporate strategic strategic new new techtechnnoologlogiesies will will further enhance power and rangefurther enhance power and range..

Proven EV for the Mass MarketProven EV for the Mass Market

18,000 Electric Vehicles on the Road

30 Years of EV Engineering Expertise

High Growth Indian Market

Comparative CostsComparative CostsCOMPARITIVE COSTS BETWEEN IC ENGINE AND ELECTRIC TWO WHEELER COMPARITIVE COSTS BETWEEN IC ENGINE AND ELECTRIC TWO WHEELER

( for 30,000 Km)( for 30,000 Km)

PARTICULARSPARTICULARSIC ENGINE IC ENGINE SCOOTERSCOOTER

ELECTRIC ELECTRIC SCOOTERSCOOTER

Cost of Fuel / Rs/KmCost of Fuel / Rs/Km 1.11.1 0.10.1

Cost of Fuel(IC) - Power (EV) RsCost of Fuel(IC) - Power (EV) Rs 33,000.0033,000.00 3,000.003,000.00

Service and Maintainance RsService and Maintainance Rs 9,000.009,000.00 3,000.003,000.00

Battery cost Rs Battery cost Rs    16,000.0016,000.00

Total expense towards fuel & Total expense towards fuel & maintainence , Rsmaintainence , Rs 42,000.0042,000.00 22,000.0022,000.00

Running Cost / Km over 30,000 Kms Running Cost / Km over 30,000 Kms (Fuel Cost) Rs(Fuel Cost) Rs 1.41.4 0.740.74

Initial Cost scooterInitial Cost scooter 36,000.0036,000.00 32,000.0032,000.00

Total (Investment+running) cost Total (Investment+running) cost (Rs)(Rs) 78,000.0078,000.00 54,000.0054,000.00

Business Plan: Strictly Confidential

Present ModelsPresent Models

EV-60 ELEKTRICEV-60 ELEKTRIC First ARAI certified in L2 category high speed BoVFirst ARAI certified in L2 category high speed BoV 800 W, 60 V, 2 Seater800 W, 60 V, 2 Seater Max speed of 56-60 KmphMax speed of 56-60 Kmph Range- 60 kms at optimum speedRange- 60 kms at optimum speed Maximum load: 130 KgMaximum load: 130 Kg Innovative features: Innovative features:

3 speed option, hydraulic disc brake, rear carrier and foot rest, 3 speed option, hydraulic disc brake, rear carrier and foot rest, digital instrument console, hydraulic telescopic front and rear shocks.digital instrument console, hydraulic telescopic front and rear shocks.

Recharging time of 6-8 HrsRecharging time of 6-8 Hrs 1.2 units consumed per charge1.2 units consumed per charge

EKO COSMIC - IEKO COSMIC - I – – “Velociti”“Velociti” First ARAI certified in L1 category BoVFirst ARAI certified in L1 category BoV Maximum speed of 40 KmphMaximum speed of 40 Kmph Range per charge is 50 KmRange per charge is 50 Km Maximum load: 130 KgMaximum load: 130 Kg Recharging time of 6-8 HrsRecharging time of 6-8 Hrs 1 unit consumed per charge1 unit consumed per charge Over 16,000 sold in last four yearsOver 16,000 sold in last four years

BoV: Battery Operated VehicleBoV: Battery Operated Vehicle

IP Product EKO “EV60 AL” "ELEKTRIC”

Patented Aluminum structure Body Styling Options Power packs Options Power Train: 250W to 3000W

( 36V, 48V, 60V, 72V) Sturdiness like a motor cycle typically

used in rural areas. CVT Transmission

“ “Carrying Real Loads”Carrying Real Loads”

Competitor Analysis-USA

The EKO EV60 IP CVT DELIVERS the equivalent of 76% OF the SPEED AND RANGE as well as MORE TORQUE (PULLING POWER) THAN THE Highway legal Vectrix AT 32% OF THE price

EKO Targets - Five year planEKO Targets - Five year plan

500,000 vehicles500,000 vehicles USD 0.5 billion USD 0.5 billion Complete EV business eco-systemComplete EV business eco-system Battery leasing business model fully Battery leasing business model fully

funtionalfuntional Establishment of Fast charging stationsEstablishment of Fast charging stations Introduction of solar charging stationsIntroduction of solar charging stations

Requirement of FundsRequirement of Funds

For expansion ofFor expansion of US$ 10 Million US$ 10 Million Indian plant for global supplies Indian plant for global supplies (to start on 80,000vehicles a year including(to start on 80,000vehicles a year including 30,000 for export to USA, Europe)30,000 for export to USA, Europe)

For US operations For US operations US$ 8 Million US$ 8 Million (30,000 vehicles a year)(30,000 vehicles a year)

For battery leasing and EV For battery leasing and EV US$ 7 Million US$ 7 Million infrastructure support withinfrastructure support with additional brand building additional brand building _____________ _____________ US$ 25 MillionUS$ 25 Million

For expansion ofFor expansion of US$ 10 Million US$ 10 Million Indian plant for global supplies Indian plant for global supplies (to start on 80,000vehicles a year including(to start on 80,000vehicles a year including 30,000 for export to USA, Europe)30,000 for export to USA, Europe)

For US operations For US operations US$ 8 Million US$ 8 Million (30,000 vehicles a year)(30,000 vehicles a year)

For battery leasing and EV For battery leasing and EV US$ 7 Million US$ 7 Million infrastructure support withinfrastructure support with additional brand building additional brand building _____________ _____________ US$ 25 MillionUS$ 25 Million

Operating Results

INDIA RUPEES IN MILLION

Year 1 Year 2 Year 3 Year 4 Year 5

QUANTITY (Units)* 80,000 115,000 150,000 200,000 250,000

Product Revenues 2,951 5,002 7,072 9,995 13,243

Gross Profit Margin 23% 24% 28% 32% 36%

USA USD Millions

QUANTITY (Units) 30,000 35,000 40,000 45,000 50,000

Product Revenues 52 62 72 83 94

Gross Profit Margin 32% 33% 35% 36% 37%

(*Includes export of kits to USA )

Risk mitigation strategiesRisk mitigation strategies

TechnologyTechnology – Consistent incorporation of technological advancements for electric – Consistent incorporation of technological advancements for electric vehicles to close the performance gap between popular gas vehicles and this vehicles to close the performance gap between popular gas vehicles and this emerging alternative.emerging alternative.

MarketingMarketing – Promotion of “Differentiated Ownership” that comes with the – Promotion of “Differentiated Ownership” that comes with the product which is about product which is about less less operational costs and making Socio-economic impact, operational costs and making Socio-economic impact, supporting the movement towards sustainable mode of private transportation.supporting the movement towards sustainable mode of private transportation.

DistributionDistribution – Controlled growth in two distinct markets of US and India offset – Controlled growth in two distinct markets of US and India offset inherent risks while broadening brand exposure. Supply to other markets throughinherent risks while broadening brand exposure. Supply to other markets through

regional partners for assembly from KITs supplied by EKO. regional partners for assembly from KITs supplied by EKO.

ProductProduct – Delivering on options to cover broad spectrum of potential buyers. – Delivering on options to cover broad spectrum of potential buyers.

Business Plan Business Plan – Renting of batteries eliminates infrastructure concerns and – Renting of batteries eliminates infrastructure concerns and provides improved user experience by delivering optimizing operational costs and provides improved user experience by delivering optimizing operational costs and convenience.convenience.

RARE INNOVATIONDesign : Ideation : Strategy : Commercialization

PARTNERS IN PROGRESS

Business Plan: Strictly Confidential

Contact InformationContact Information

Contact

EKOVEHICLES Pvt. LtdCasa Birgitta

#10, Brunton RoadM.G.Road Cross

Bangalore – 560025 India

Tel:++91-80-41240814/815 Fax:++91-80-4114 2013