MobilityNXT

Report: The Global State of EVs in the World

About Climate Angels Fund:

Climate Angels Fund is an angel investment syndicate platform for pollution reduction and climate tech start-ups. Backed by India’s leading entrepreneurs, VC, Investors for solving pollution and climate change, Climate Angels has its mobility specific investment pools providing a platform to angel investors to invest in exclusive deals which not only fits our mandate but also has a viable exit strategy.

Agenda

1. What will lead to EV adoption in India? (3:10 PM- 3:40 PM)

2. Kickstarting EV: Supply Chain (3:40 PM – 4PM)

3. Swapping vs Charging: What will be the Winner? (4:00 PM – 4:25 PM)

4. Building Charging Infra (4:25PM – 5PM)

The transition to electric mobility is a promising global strategy for decarbonizing the transport sector. India is among a handful of countries that support the global EV30@30 campaign, which targets to have at least 30% of new vehicle sales be electric by 2030.

An accessible and robust network of electric vehicle (EV) charging infrastructure is an essential prerequisite to achieving this ambitious transition.

Join us to discuss the characteristics and needs of this dynamic EV market as these periodically evolve into a newer market.  

5. Policy Beyond Subsidy (5:00 PM – 5:30 PM)

While policies and schemes like FAME I and FAME 2, the PLI Scheme, and the Scrappage Policy encourage the use of EVs and incentivize manufacturers the fact remains that battery technology has still not advanced enough.

As businesses begin to invest in the transition, they often find themselves in new and unfamiliar territory, where legacy regulations don’t provide the intended social benefits but instead often become bottlenecks to growth. Resolving these challenges will require immense collaboration between policy-makers and businesses from all over the mobility sector between automakers, power companies and real estate developers for example.

It is a collaborative effort between those three sectors which has the potential to accelerate infrastructure deployment as well as strengthen the business case for efficient electric fleets, effective space management that underlies them, charging network creation and grid management.

5. Fireside Chat with Sumit Mittal, Chief Financial Officer, GreenCell Mobility

EverSource Capital is a 50:50 joint venture between Everstone Group & Light Source Bp .GGEF is established with anchor investments from the National Investment and Infrastructure Fund (NIIF) backed by the Government of India and the Foreign, Commonwealth & Development Office (FCDO), Government of UK, BP & Green Climate fund & FMO .

6. Fireside chat with Mr Deepak Jain, CFO, Ather Energy

Deepak’s experience in leading teams and integrating manufacturing and business
processes play a key role in Ather’s aggressive expansion plans. A finance leader with exposure to large multi-location and transnational revenues, Deepak Jain joined Ather Energy as the Chief Financial Officer in November 2019. Deepak brings over 22 years of experience across global brands like First Advantage, Apple India, P&G and Gillette. He joined Ather after a five-year stint at First Advantage as CFO for their India Business.
Specialising in conceptualizing, leading and executing business expansion strategies in manufacturing, trading and services business environments, Deepak began his career at E&Y before moving on to Gillette and Procter & Gamble, where he took on key leadership roles in distribution modelling & sales finance. In 2010, he joined Apple India as the CFO and led the finance team during a period of exponential growth for five years.

7. Investors round table: Where is the alpha in EV? (6:15 PM – 6:45 PM)

While policies and schemes like FAME I and FAME 2, the PLI Scheme, and the Scrappage Policy encourage the use of EVs and incentivize manufacturers the fact remains that battery technology has still not advanced enough.

As businesses begin to invest in the transition, they often find themselves in new and unfamiliar territory, where legacy regulations don’t provide the intended social benefits but instead often become bottlenecks to growth. Resolving these challenges will require immense collaboration between policy-makers and businesses from all over the mobility sector between automakers, power companies and real estate developers for example.

It is a collaborative effort between those three sectors which has the potential to accelerate infrastructure deployment as well as strengthen the business case for efficient electric fleets, effective space management that underlies them, charging network creation and grid management.

Why Now?

COVID-19 has not only exposed our frailty and vulnerability but has also undoubtedly changed the world into a before and after era. Talking beyond the economic fallout, as we lumber out of the situation, almost everything would have changed – be it the way we transport people or goods, or the manner in which we do our business, the way we manufacture things. In all this, the virtual world and the world of technology have upped their importance.

Electrification and e-mobility solutions are key enablers for reducing CO2 emissions. E-mobility will play a key role in solving many of the challenges we face today with regard to energy use and urbanization.

There is still significant uncertainty as to when the actual, large-scale adoption of electric vehicles will occur.

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