Sekiro Powers
Executive Summary
In order to increase the adoption rate of electric vehicles, they need to appeal to customers as much
as their fossil fuel equivalents. However, major concerns include long battery charging times and
range anxiety. So, our company will provide solutions for the Battery charging stations and
Manufacturing of Auto Rikshaw. As we know that Auto rikshaw is most used vehicle in India so we
are focusing on that and also try to spread awareness among people of the Importance of electric
vehicle. Also, we will be doing manufacturing of Level 1 ,2 AC and 1 DC charging stations and Battery
swapping station. As we also know that charging at station takes more time so we have find solution
for decreasing time and for that we have taken Level 1 ,2 AC and 1 DC charging as it is common on
EV charging station. Also we have focus on cost so in low cost we can get better charging. These
results suggest that the impact of the observed efficiency gains may be biggest at public charging
stations, where charging times tend to be short and climatic conditions more variable, rather than
residential charging. Also, we have also introduced battery Swapping with a different way of
charging to it. Customers have access to battery swapping stations, where they can meet their
motion energy requirements by swapping batteries for charged ones, in as much time as it takes to
fill the gasoline reservoir of a conventional vehicle. Besides benefiting the customers, the battery
swapping station is beneficial to the power system because it emulates an energy storage station
capable of participating in electricity markets. In this station, the batteries can be scheduled to
charge in grid-to-battery mode, inject power to the grid in battery-to-grid mode, and transfer energy
between batteries in battery-to-battery mode, if there are economic advantages in doing so.
Company Summary
Our company Sekiro Powers started in 2017 as a renewable solution provider. Then Business
relationship with National Institute of solar (NISE). We started it because at that time the solar
power was becoming more opportunistic than any other as it was new technology. After that in 2018
we stepped into making of solar organic cells at Germany. Then we partnered with the energy
partnered Institute (TERI) for solar micro grid and biomass Energy. Then we decided to go towards
more energy sectors and we found EV as we know that due to pollution the environment was facing
more problems and also the main reasons were cars, scooter, etc. so we decided to provide solution
for EV. Then we developed EV AC fast charge for 3-wheeled vehicles at IIT Delhi. Then in 2019 we
have started developing the software for EV charger. Also, we were focusing on high quality and cost
effective EV charging solution. Fields trials of EV charger and development in four different states as
a pilot project. In 2020 we released 2nd version of EV charger for 3-wheeler. We also started opening
consultancy on E- mobility for smart cities. Also, we have expanded E- mobility platform. And now
we are working on Charging stations and Manufacturing of 3-wheeler electric vehicles.
Concept and theme
As we know that there is a need of EV in near future and also to provide energy to the EV is
necessary to run the vehicle. So electric charging station is must for and vehicle to run at long
distance. Also Electric charging stations are very less in India.
Our electric charging station will have the all the basic thing which normally all have but also some
advance features feature such as smart metering, cellular capability and network connectivity will be
there. The power will be coming from the Electric Grid. These stations will have special connectors
that conform to the variety of electric charging connector standards. These connectors will be Level
1 ,2 AC and 1 DC Chargers. Fees for using EVSE vary from monthly or yearly flat rates to per-kWh to
hourly rates. In case of power failure the data backup option will be available.
The payment which would be done will be online or Cash. For online the customer can scan and pay
from any bank also E payment apps. For cash customer can give money to the incharged person
there. If the customer wants to charge 50 % , 30% or any amount the payment would be calculated
as per the amount it has charged.
In India rikshaw is most seen vehicle and also produces more pollution. So, to protect the
surrounding and also spreading the awareness E- Auto And also, these E rikshaw will have Battery
swapping systems so that no time will be wasted in the ride.
This technique consists of swapping a discharged battery with one that is already charged. This
would replace recharging, thus eliminating long refueling times – one of the major limitations of
zero-emission vehicles. We will also do recycling of the used battery.
Our battery will consist of Lithium-ion battery and lithium-ion battery can store good amount of
energy for longer period of time. Our swapping battery will be charged through the help of solar. The
solar panel will be attached to the top of the swapping station. As there will be frequent swapping of
battery the charging should also be fast so to do it we have use super capacitors for it as it can store
and transfer energy much fast then any other. And the payment method will be same as above.
Solar concept will be applicable only for battery swapping. We will also do the recycling of the used
battery.
For the charging station and swapping station we can sell it combine or alone as per the area and
customer needs.
Business Description
As there are different types of EVSE provide different speeds of charging we have choose the Lithium
Nickle Cobalt Aluminum (NCA) batteries which are commonly used in the electric vehicle. We will
provide Level 1 charging stations use a 120 volt (V), alternating-current (AC) plug and require a
dedicated circuit, offering C/5 rate which it can charge the battery to 100% in 5 hours. Level 2
stations charge through a 240V, AC plug and require home charging or public charging equipment to
be installed charging we will provide 1C rate in which it can charge 100% in 60 mins. Level 2 chargers
are the most common and charge at approximately the same rate as a home system. DC fast charge
will charge at 2C rate in which it can charge 100% in 30 mins.
In addition to significantly reduce the time needed to regenerate the range of an electric vehicle,
battery swapping eliminates the problem related to the number of charging cycles a battery can
endure before losing the ability to store current, the so-called life cycle. Consumers don’t need to
worry about recycling those battery packs and the recycling will be done at our company instead of
going to landfill. Another advantage of this solution, which can be achieved in the medium to long
term, is the possibility of renewing battery technology when existing batteries become obsolete or
outdated.
For the E- Rikshaw its benefits are Zero Air Pollution, Low maintenance cost, Suitable for rural
connectivity, Low operational costs and Creation of employment opportunities. If we compare the
Rikshaw which is running on petrol 25-30rs is charged for 2-5 kms but in E Auto only 10rs is charges
for the same. And in one full charge battery it can go up to 80kms. Our company is also having R&D
department in that the college students will be given opportunity to do an innovative work in
manufacturing the charging station and E – Rikshaw.
Market/Industry Analysis
Commercial type are analysed to grow a highest rate during the forecast period 2021-2026
owing to the high investments in the installation of the public EV charging stations.
APAC is analysed to dominate the market owing to the growing investments in R&D of the
Electric Vehicle Charging Station alongside the growing adoption of the Electric vehicles.
The rising sales of the electric vehicles is set to be a key driving factor for the EV Charging
station market.
Electric Vehicle Charging Station Market Segment Analysis - By Installation Type
Commercial is analysed to hold highest share in 2020 with 76.1% and is set to grow at highest rate
during the forecast period 2021-2026 majorly attributed to the growing public EV charging stations.
The government of India announced to increase the Electric Vehicle usage to 30% by 2030, hence
the exponentially growing charging infrastructure across the country is set to contribute to the
market. Indian government announced the initiatives such as developing a national EV policy, the
FAME II scheme, which includes a subsidy for setting up of 2,636 public electric vehicle charging
stations across the country.
EV Charging Station Market Segment Analysis - By Vehicle Type
The EV Charging Station Market is segmented into Plug-in hybrid electric vehicles (PHEV), Battery
electric vehicles (BEV) by vehicle type. The BEV segment is expected to witness the highest growth of
around 8.6% during the forecast period 2021 – 2026. Leading automotive companies such as Tesla,
BMW, and Nissan are now offering wireless charging in BEV models such as Tesla Model S, BMW i3,
and Nissan Leaf, thereby driving the demand for wireless EV charging market. OEMs are focused on
BEVs for curbing rising pollution due to strict government regulations. Increasing sales of BEV and
funding from government is expected to drive the overall demand.
Electric Vehicle Charging Station Market Segment Analysis - By Geography
APAC is the fastest growing market in 2020 at 8.1% CAGR. The large growth is majorly attributed to
the presence of large production bases in China and India and improving governmental subsidies. In
2019, the Government of India announced its plan to provide subsidies to set up 5,000 electric
charging stations in cities and highways of India. The main aim of the subsidy program is promoting
India’s plan to shift 40% fleet to battery operated vehicles. In January 2020, EESL and BHEL
announced partnership to build the EV charging station all over India. The development of plug-in
vehicles in France is seen as a symbolic step towards achieving national goals in the direction of
more environmentally friendly transport. An investment plan to support public infrastructure was
also announced by the Government.
Indian electric rickshaw market is projected to reach 935.5 thousand units by 2023, the market
growth is majorly driven by government incentives and environmental policies, and declining battery
prices. Passenger carriers held a larger share in the Indian electric rickshaw market in 2017,
accounting for more than 95% revenue. They are expected to continue holding a larger market share
in the coming years as well, on account of the large passenger base in the country, coupled with the
growing demand for low-cost shared mobility.
Electric rickshaws with 1,000–1,500 W motor power contributed the largest share to the market
during the historical period. A large number of such rickshaws are equipped with 1,000–1,500 W
motor, as it provides operational cost benefits. However, with the growing demand for quality
products and the entry of big, organized players, the demand for vehicles equipped with higher-
power motors is expected to increase in the Indian electric rickshaw market during the forecast
period.
North India was the largest market for electric rickshaws during the historical period. The region
contributed close to 70% volume share to the Indian electric rickshaw market in 2017. However,
during the forecast period, the market is expected to witness the fastest growth in East India. One of
the most important aspects of these e rickshaws are their contribution to the economy, as
thousands of individuals become self-employed and they are earning their livings by driving these
battery rickshaws on daily basis.
The demand for the rickshaws has significantly increased over the past few years owing to its low
running costs that helps rake in higher profits. With people becoming conscious about the damage
done by conventional fuels, the E-rickshaws are set to increase in popularity in the coming years.
The Indian electric rickshaw market is primarily dominated by a large number of small, unorganized
local players, which accounted for around 85% of the sales in 2017. Some of the major players in the
market are Lohia Auto Industries, Kinetic Green Energy and Power Solutions Ltd., Hero Electric
Vehicles Pvt. Ltd., Terra Motors Corporation, Clean Motion India, and Saera Electric Auto Pvt. Ltd
Strategic planning
As the time for the charging will be more, we will give permission to build Restaurant on our land so
people can have their lunch or dinner while the EV is charging.
The banners will be posted on our every EV station regarding FAQs of customer EV so we can spread
awareness.
There will be atleast one qualified person at all the charging station to manage all things properly.
We can build our EV Charging stations near or with the Petrol pump as the Government or the
company’s guideline.
In some places of India where EV is very popular, we will build Multistory building with the EV
charging station.
We will make combined station for battery swapping and L1, L2 charging And DC fast charge.
We will have well-developed website on which everything from small to big information will be
available and also the website be fully updated. We will be also on social media apps like Instagram
Facebook.
We will also give discount on buying the E Rikshaw and also all the first charging will get 20%
discount also Voucher and other discounts will be given as per long term charging.
We will also give customization for E- auto like giving extra slot for storing battery for long drives ,
More number of seats.
We will give 2 free service and 2 years of warranty will be given for E- Rikshaw.
Also we will be taking the feedback of the customer and we will implement as per the need.
Competitive edge:
There are several companies in the market which are selling EV chargers but our company will
provide solutions at low cost and with longer life span.
Financial Plan:
