3. A Growth Market
150
K
EVs on the
road today
1.8
M
Projected
for 2020
U.S. Sales of EVs &
Plug-In Hybrids
7% of US
Vehicle
Sales in
2020
EV Charging
Market
Today
$260M
EV Charging
By 2020
$2.3B
Sources: Electric Drive Transportation Association (EDTA), John
Gartner at Navigant
4. The Journey
So We Found a Problem
Inconvenience of
Plugging In
In Love with a
Technology
Wireless Charging
Scalability
Usability
Utilization
The Destination
5. The Beacon: Business Model Canvas
Licensed from businessmodelgeneration.com under a Creative Commons Attribution-ShareAlike 3.0 Unported License
LaunchPad Central
o
Key Partners
Strategic Alliance:
Electrical grid utilities
(PG&E).
Strategic Alliance /
Coopetition: Software &
Network (ChargePoint).
Strategic Alliance /
Supplier: Robotics
(Knightscope, Berkeley
Robotics Lab)
Supplier: Workspace to
build and test prototype.
Supplier: Second-life
battery suppliers (Tesla,
Nissan, BMW).
Traffic Partner / Supplier:
Electrical contractors
(EPCs - Rosendin,
Cupertino Electric).
Key Activities
Fast EV charging.
Autonomous robotic
movement.
Prototype
demonstration.
Gov't funding for
cleantech/energy/EV
projects.
Value Propositions
USABILITY: Increase
capacity of each charger.
USABILITY: Prevent
charge rage amongst
employees.
USABILITY: Increase
utilization of the charging
infrastructure.
SCALABILITY: Ease of
installation to electrify a
large area.
SCALABILITY: A cheaper
way to electrify a large
area.
Customer
Relationships
GET: Product demo to
facilities managers.
KEEP: Service &
maintenance contract.
KEEP: Analytics
platform.
GROW: Demand
response software.
Customer Segments
Companies with large
parking areas and a high
percentage of employees
who commute using EVs -
Google, Cisco
Local and state-level
government agencies who
have a large fleet of EVs.
Key Resources
Physical: Second-life li-
ion batteries.
Physical:
Manufacturing
subcontractor specializing
in high-power electronics.
Human: Battery
engineer.
Channels
Direct Sales (charging
equipment)
Value Added Resellers,
such as electrical
contractors (charging
equipment)
Cost Structure
Variable: Service & maintenance of chargers.
Variable: Product manufacturing (AC/DC converter, battery charger,
batteries, boost converter, CHAdeMO controller, etc).
Variable: Power electronics testing equipment (incubator, borrow,
rent).
Fixed: Product designer.
Fixed: Robotics software engineer.
Revenue Streams
Charging as a Service (CaaS): Provide an attendant and
several Mobi units. Includes a guaranteed capacity per day,
maintenance, and data analytics. Customers pay a monthly
fee.
Lease Mobi: Customers provide their own attendant and
pay monthly for the product, maintenance, and data
analytics.
Buy Mobi: Customers buy a unit, and they have to sign up for a
maintenance & data analytics contract.
Testing hypotheses to find
the right customer
segments
Customer Segments
Companies with
high % of EV
adoption (Google)
Companies with
high % of EV
adoption (Google)
6. The Beacon: Business Model Canvas
Licensed from businessmodelgeneration.com under a Creative Commons Attribution-ShareAlike 3.0 Unported License
LaunchPad Central
o
Key Partners
Strategic Alliance:
Electrical grid utilities
(PG&E).
Strategic Alliance /
Coopetition: Software &
Network (ChargePoint).
Strategic Alliance /
Supplier: Robotics
(Knightscope, Berkeley
Robotics Lab)
Supplier: Workspace to
build and test prototype.
Supplier: Second-life
battery suppliers (Tesla,
Nissan, BMW).
Traffic Partner / Supplier:
Electrical contractors
(EPCs - Rosendin,
Cupertino Electric).
Key Activities
Fast EV charging.
Autonomous robotic
movement.
Prototype
demonstration.
Gov't funding for
cleantech/energy/EV
projects.
Value Propositions
USABILITY: Increase
capacity of each charger.
USABILITY: Prevent
charge rage amongst
employees.
USABILITY: Increase
utilization of the charging
infrastructure.
SCALABILITY: Ease of
installation to electrify a
large area.
SCALABILITY: A cheaper
way to electrify a large
area.
Customer
Relationships
GET: Product demo to
facilities managers.
KEEP: Service &
maintenance contract.
KEEP: Analytics
platform.
GROW: Demand
response software.
Customer Segments
Companies with large
parking areas and a high
percentage of employees
who commute using EVs -
Google, Cisco
Local and state-level
government agencies who
have a large fleet of EVs.
Key Resources
Physical: Second-life li-
ion batteries.
Physical:
Manufacturing
subcontractor specializing
in high-power electronics.
Human: Battery
engineer.
Channels
Direct Sales (charging
equipment)
Value Added Resellers,
such as electrical
contractors (charging
equipment)
Cost Structure
Variable: Service & maintenance of chargers.
Variable: Product manufacturing (AC/DC converter, battery charger,
batteries, boost converter, CHAdeMO controller, etc).
Variable: Power electronics testing equipment (incubator, borrow,
rent).
Fixed: Product designer.
Fixed: Robotics software engineer.
Revenue Streams
Charging as a Service (CaaS): Provide an attendant and
several Mobi units. Includes a guaranteed capacity per day,
maintenance, and data analytics. Customers pay a monthly
fee.
Lease Mobi: Customers provide their own attendant and
pay monthly for the product, maintenance, and data
analytics.
Buy Mobi: Customers buy a unit, and they have to sign up for a
maintenance & data analytics contract.
Testing hypotheses to find
the right value
propositions
Value Propositions
Higher scalabilityHigher scalability
Greater capacityGreater capacity
Employee
productivity
Employee
productivity
7. The Beacon: Business Model Canvas
Licensed from businessmodelgeneration.com under a Creative Commons Attribution-ShareAlike 3.0 Unported License
LaunchPad Central
o
Key Partners
Strategic Alliance:
Electrical grid utilities
(PG&E).
Strategic Alliance /
Coopetition: Software &
Network (ChargePoint).
Strategic Alliance /
Supplier: Robotics
(Knightscope, Berkeley
Robotics Lab)
Supplier: Workspace to
build and test prototype.
Supplier: Second-life
battery suppliers (Tesla,
Nissan, BMW).
Traffic Partner / Supplier:
Electrical contractors
(EPCs - Rosendin,
Cupertino Electric).
Key Activities
Fast EV charging.
Autonomous robotic
movement.
Prototype
demonstration.
Gov't funding for
cleantech/energy/EV
projects.
Value Propositions
USABILITY: Increase
capacity of each charger.
USABILITY: Prevent
charge rage amongst
employees.
USABILITY: Increase
utilization of the charging
infrastructure.
SCALABILITY: Ease of
installation to electrify a
large area.
SCALABILITY: A cheaper
way to electrify a large
area.
Customer
Relationships
GET: Product demo to
facilities managers.
KEEP: Service &
maintenance contract.
KEEP: Analytics
platform.
GROW: Demand
response software.
Customer Segments
Companies with large
parking areas and a high
percentage of employees
who commute using EVs -
Google, Cisco
Local and state-level
government agencies who
have a large fleet of EVs.
Key Resources
Physical: Second-life li-
ion batteries.
Physical:
Manufacturing
subcontractor specializing
in high-power electronics.
Human: Battery
engineer.
Channels
Direct Sales (charging
equipment)
Value Added Resellers,
such as electrical
contractors (charging
equipment)
Cost Structure
Variable: Service & maintenance of chargers.
Variable: Product manufacturing (AC/DC converter, battery charger,
batteries, boost converter, CHAdeMO controller, etc).
Variable: Power electronics testing equipment (incubator, borrow,
rent).
Fixed: Product designer.
Fixed: Robotics software engineer.
Revenue Streams
Charging as a Service (CaaS): Provide an attendant and
several Mobi units. Includes a guaranteed capacity per day,
maintenance, and data analytics. Customers pay a monthly
fee.
Lease Mobi: Customers provide their own attendant and
pay monthly for the product, maintenance, and data
analytics.
Buy Mobi: Customers buy a unit, and they have to sign up for a
maintenance & data analytics contract.
Testing hypotheses to find
the right revenue streams
Revenue Streams
Charging as a
Service (CaaS)
Charging as a
Service (CaaS)
Leasing the MobiLeasing the Mobi
8. The Beacon: Business Model Canvas
Licensed from businessmodelgeneration.com under a Creative Commons Attribution-ShareAlike 3.0 Unported License
LaunchPad Central
o
Key Partners
Strategic Alliance:
Electrical grid utilities
(PG&E).
Strategic Alliance /
Coopetition: Software &
Network (ChargePoint).
Strategic Alliance /
Supplier: Robotics
(Knightscope, Berkeley
Robotics Lab)
Supplier: Workspace to
build and test prototype.
Supplier: Second-life
battery suppliers (Tesla,
Nissan, BMW).
Traffic Partner / Supplier:
Electrical contractors
(EPCs - Rosendin,
Cupertino Electric).
Key Activities
Fast EV charging.
Autonomous robotic
movement.
Prototype
demonstration.
Gov't funding for
cleantech/energy/EV
projects.
Value Propositions
USABILITY: Increase
capacity of each charger.
USABILITY: Prevent
charge rage amongst
employees.
USABILITY: Increase
utilization of the charging
infrastructure.
SCALABILITY: Ease of
installation to electrify a
large area.
SCALABILITY: A cheaper
way to electrify a large
area.
Customer
Relationships
GET: Product demo to
facilities managers.
KEEP: Service &
maintenance contract.
KEEP: Analytics
platform.
GROW: Demand
response software.
Customer Segments
Companies with large
parking areas and a high
percentage of employees
who commute using EVs -
Google, Cisco
Local and state-level
government agencies who
have a large fleet of EVs.
Key Resources
Physical: Second-life li-
ion batteries.
Physical:
Manufacturing
subcontractor specializing
in high-power electronics.
Human: Battery
engineer.
Channels
Direct Sales (charging
equipment)
Value Added Resellers,
such as electrical
contractors (charging
equipment)
Cost Structure
Variable: Service & maintenance of chargers.
Variable: Product manufacturing (AC/DC converter, battery charger,
batteries, boost converter, CHAdeMO controller, etc).
Variable: Power electronics testing equipment (incubator, borrow,
rent).
Fixed: Product designer.
Fixed: Robotics software engineer.
Revenue Streams
Charging as a Service (CaaS): Provide an attendant and
several Mobi units. Includes a guaranteed capacity per day,
maintenance, and data analytics. Customers pay a monthly
fee.
Lease Mobi: Customers provide their own attendant and
pay monthly for the product, maintenance, and data
analytics.
Buy Mobi: Customers buy a unit, and they have to sign up for a
maintenance & data analytics contract.
Testing hypotheses to find
the right key partners
Key Partners
Robotics partner:
Knightscope
Robotics partner:
Knightscope
Charging
network:
ChargePoint
Charging
network:
ChargePoint
Second-life
batteries:
ATC New Tech
Second-life
batteries:
ATC New Tech
9.
10. Looking Forward
Prototype
Smaller Battery & Off-the-shelf
Components
Mobi V1
Manually Operated by Attendant
Mobi V2
Fully Autonomous (No Attendant)
Mobi V2.5
Mobile EV Charger w/ Wireless Charging
Coming Soon!
9 months – 1
year
Years 1 -
2
Year 2+
A roadmap that divides our innovative
idea into a series of mezzanine products,
thus emphasizing:
Iterative Product Development
Continuous Customer Feedback
Quick Reaction to Market Changes
12. The Revenue Model
Example only –prices and terms not yet finalized.
Charging as a Service – CaaS
(have the ability to service 24 cars per day)
$6,950 per
month
w/ 2yr agreement
$15 per
charge
What You Get
FreeWire
Attendant
(3) Mobi
Units
Service &
Maintenance
Data &
Usage
Analytics
No Infrastructure
Cost
Fast & Free
Installation
Convenient
Charging
Increased
Employee
Productivity
Alternatively, Lease a Mobi
(use your own attendant and be able to service 8 cars
per day)
$1,550 per
month
per Mobi, w/ 2yr
agreement
$10 per
charge
16. Comparing Solutions
Traditional L2
Charging Station
Traditional DC
Charging Station
Mobi Charger
Capacity 2 cars per day 4 cars per day 8 cars per day
Infrastructure Cost High Very High None
Equipment Cost Medium Very High Medium
Installation Time 3 – 6 months 6 months 2 weeks
Difficulty of Installation High Very High Low
Convenience of Use Medium Medium High
Portable No No Yes
Energy Cost Savings No No Yes
Companies charging 10 EVs per day can save over
$1,000 monthly on their PG&E bill because of Mobi’s
inherent load-shaping capabilities.
18. Favorable Regulation
NYC
20% of all new parking spots shall be
EV-ready
Palo Alto
All new homes shall be wired for EV
charging
Emeryville, CA
Parking lots with >17 spaces shall
have at least 3% served by a
charging station
Local
EV & Charging Infrastructure
Incentives
CALSTART Employer EV Initiative
Zero Emissions Vehicle Mandates
Workplace Charging Challenge
State
Federal
19. Market Size
20,000 charging stations across the US
x $13,000 average cost
$260 Million
TAM
7,500 public stations
12,500 workplace
stations
$162.5 Million
SAM
*Does not include in-home chargers
600 Google charging
stations replaced by
60 FreeWire chargebots
x $50,000 selling
price
x 10 customers
$30 Million
Target
20. EV Projections
1.8MEV’s sold in
2020
10% of Total
Sales
5MEV’s on the
road by 2020
Regulatory
Changes
Network Effects
Aspirational
Status
21. Charging Infrastructure
180k EVs on
the road
today
20k public &
workplace
charging
points
(7700 charging
stations)
9:1 Ratio
That will grow to 12:1 by the
end of 2014
Sources: PEVCollaborative, US DOE
61 employees drive
EVs
16 charging stations
10% of workforce drive
EVs
5:1 EV to charger ratio
23. Utilization
7kWh
avg energy needed
per charging event
7kW
avg charge rate
Theoretical Capacity:
8 cars per day
Actual Capacity:
2 cars per day
Utilization:
25%
Why?
Reliance on human intervention
Optimization between employee
productivity and capital utilization
Sources: EV Project, Google,
ChargePoint, Evernote
“The motivation behind Evernote’s robust workplace
charging program is unique: to increase employee
productivity. By gaining access to HOV lanes in their
PEVs, some of our employees have cut their commute in
half.”
- Maeanna Glenn, Special Projects Manager
24. Scalability
Bore
concrete
Sources: Customer interviews, Harvey Electric,
PEVCollaborative
“Our first installation included 30 charging stations. We
allocated the same funding for the second round, but
could now only afford 17 stations. At this point, we don’t
even want to think about a third round.”
- Brian Glazebrook, Senior Global Sustainability
Manager
Run
conduit
undergroun
d
City
inspection
services
Permits
and
licenses
Installation is
complex, time-
consuming, and
expensive.
Scaling up takes
months of planning.
Key Challenges:
Parking Structures
Dense Urban Areas
Multi-unit dwellings
Leased and shared
office buildings
25. Energy Consumption
Issues to consider:
Demand Charges $10 - $30/kW
peak rates versus $0 - $3 off-peak
Energy Rates Difference
between peak and off-peak can be
2X
Outdated Infrastructure
Companies will most likely need to
upgrade their energy infrastructure
once EV adoption increases
Smart Grid Vehicles may not be
able to request a charge when they
need it due to overall system
demand
Sources: PG&E, UC Berkeley, Customer
interviews
Workplace
Public
26. Mobi Charger
Building’s Step-
Down
Transformer
240V/80A
Single Phase
AC = 19kW
AC to DC
Conversion
Power
Electronics
30kWh Battery DC to DC
Power
Electronics
Cabling &
Connectors
DC CHAdeMO
Plug = 50kW
Motorized
Mobile
Enclosure
Mobi recharge time
~ 1.5 hours
Avg Charge =
7 - 10kW
Services 3 EVs before
recharging
~ 45 minutes
Capacity
10 EVs per day
27. Mobi Charger
Traditional Charging Station FreeWire Mobi
Hardware
$1.50
$7.5k/spot, 2 cars per day
amortized over 10 years
$3.20
$40k/unit, 10 cars per day
amortized over 5 years
Installation
$2
$10k/spot, 2 cars per day
amortized over 10 years
$0.40
$5k total, 10 cars per day
amortized over 5 years
Electricity
$2.30
Energy: 10kWh x $0.13 per kWh
Demand: (10 stations requesting 6kW each x
$13) / 2 / 20 days / 20 cars
$1.12
Energy: 6 cars at night ($0.07) and 14 cars
during the day ($0.13)
Productivity
Loss
$16.25
15 min at $65/hour average wage
None
Total
$22.05 (incl productivity)
$5.80 (not incl productivity)
$4.72
Cost per Charge (based on the ability to service 20 cars per day)
28. Household Income of EV Owners
4 out of 5 make over
$100k
Compared to 1 out of 3
combustion vehicle owners
30% make over $200k
Compared to 8% of
combustion vehicle owners
Source: The EV Project, sponsored by the US
Department of Energy
This is why we entered the EV market. Lots of opportunity.
Our journey began with a technology that we found a problem for. But along the way, we realized there was a much bigger opportunity set.
What guided us through the journey was the business model canvas. These are several major pivots and discoveries that happened because of our process testing hypotheses.
Second major pivot.
Third major pivot.
Fourth major discovery.
Play the video.
Looking forward, where do we go from here?
CaaS is a much better model. Decision makers can much more easily justify the operational expense.
Here’s a potential model for CaaS that we’re actively testing now with customers.