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These slides use concepts from my (Jeff Funk) course entitled Biz Models for Hi-Tech Products to analyze the business model for wireless charging for electric vehicles. Wireless charging eliminates cables that require time-consuming connections and maintenance as water and sun degrade them. Continuous wireless charging reduces the required batter capacity through coils that are included in vehicles and embedded in roads. These slides describe the specific value proposition for cities, building owners, and other specific customers and other aspects of the business model such as the method of value capture, scope of activities, and method of strategic control.
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WIRELESS CHARGING FOR ELECTRICW SS C G NG O C CVEHICLES (EV)MT5016Prof Jeffrey Funk
Chua Boon Pin, A0098444
See Soon Hui, A0098554
Theresia Indahayu Kurniawan, A0129436Theresia Indahayu Kurniawan, A0129436
Chutchapa Tankeyura, A0132988
CHOICES OF CARS
Hybrid EV with Internal Combustion engine (HEV)
EV with EngineGasoline Car (GV) Plug-In EV (PEV)
Plug In Chargingg
On-Line EV (OLEV)Plug-In Hybrid EV On-Line EV (OLEV)Wireless Charging(PHEV)
PEV With Engine
22
DIFFERENCES
G li
Hybrid EV with Internal Combustion engine (HEV)
EV with EnginePlug-In EV (PEV)Plug In Charging
Gasoline Car (GV)
EV with Engine
Plug-In Hybrid EV (PHEV)
g g g
On-Line EV (OLEV)Wireless Charging
PEV With Engineg g
Gasoline-Fuel Car Emit Pollutants By-
Battery-Fuel Car Little Pollutants By-
Products Noisy Engine
Products Quiet to drive
Low-Efficiency of 18%-20%E bli h d M k 3
High Efficiency of up to 80%N M k Established Market 3
New Market
FRAME WORK
Market Selection Technology Cost Comparison Value Proposition & Business Model Strategic Control
44
MARKET SELECTIONMARKET SELECTION
55
ELECTRIC VEHICLE (EV) ADOPTION
Inadequate Ecosystem For Charging PointsL Ch i Ti Long Charging Time
Limited RangeC i l C Capital Cost
Lack Proven Reliability
66
LIMITED CHARGING POINTS
Bosch Software Innovation: 108 charging points as of Jan 2014
77
MARKET SELECTION
1. Shuttle Bus/Public Bus services2. Rental EV car business3. Mass market EV business4. Target deployment locations:
a) Institutions b) Business parks) Th kc) Theme parks
d) Public locations
88
TECHNOLOGYTECHNOLOGY
99
CURRENT EV CHARGING – PLUG IN
EV Charging via electric cable, similar to pumping of petrol
1010
WIRELESS CHARGING
Uses Electromagnetic field to transfer energy between 2 objects, known as inductive charging
Car Control
Charging Control Unit
Control Unit
Charging Pad R iBattery
11Charging Pad Receiver 11
CHARGING ON THE MOVE…
1212
https://www.youtube.com/watch?v=BbzkzOmwgdY
EV WIRELESS CHARGING VS PLUG-IN
Auto charging simple and Manual Plug in of charging cable
Wireless Charging Plug-In Charging
Auto charging, simple and elegant
Low rate of wear and tear of
Manual Plug-in of charging cable, cumbersome
High rate of wear and tear due to charging pad
Minimum risk of electrocution Abilit t d t ti
high usage of moving cables Probable risk of electrocution Onl Stationar Charging Ability to do stationary
charging and dynamic charging Only Stationary Charging
13
High tolerance towards accuracy of parking
Garage system cost ~$2k
Required high control of parking accuracy
Garage system cost ~$3k 13g y Efficiency > 95%
g y Efficiency ~ 90%
ADVANTAGES FOR OLEVSADVANTAGES FOR OLEVS
Reduce the need for large and heavy battery for EVs, higher efficiencyhigher efficiency
Continuous charging prolongs the lifetime of the battery Reduce/Eliminate anxiety of depletion of electricity on Reduce/Eliminate anxiety of depletion of electricity on
car
1414
TECHNOLOGY COMPETITION IN WIRELESSTECHNOLOGY COMPETITION IN WIRELESSCHARGING
1515
COST COMPARISONCOST COMPARISON
1616
COST COMPARISONCOST COMPARISON
Huge Potential for Price
$24937.50
for Price Reduction
17With Wireless Charging, OLEV price can be reduced by further 25% 17g g, p y
Data Source: EPRI / Design of On-Line Electric Vehicle (OLEV)
COST OF HOME CHARGING STATION: BOSCHAUTOMOTIVE SERVICE SOLUTIONS
18
Starting at around $3,00018
Data Source: http://www.plugincars.com/bosch-offers-wireless-electric-car-charging-unit-3000-127468.html
COST OF PUBLIC CHARGING STATION: HEVO
19
Per station at $10 000 19$10,000
Data Source: http://www.businessweek.com/articles/2013-11-07/innovation-hevos-electric-car-charging-stations-embedded-in-street
COST OF INFRASTRUCTURE SET UP
Comparison of infrastructureComparison of infrastructure cost of PEV, OLEV, PHEV and HEV in Seoul
Cost of charging pad with system ~$10K
20
Cost of plug in charging system with DC fast charging ~$40K
20
Data Source: Design of On-Line Electric Vehicle (OLEV)
VALUE PROPOSITIONVALUE PROPOSITION
2121
VALUE PROPOSITION
2222
VALUE PROPOSITION: CHARGING ON THE ROAD
Reduce battery size => cheaper and more efficient EV
Reduce charging time at depot => more productivity
Longer distance (due to more charge points)
Others Increased confidence in EV Minimal risk of electrocution
2323
VALUE CAPTURE
Revenue Model From ForLicensing EV manufacturer Each vehicle sold with
th h i i t fthe charging interfaceFee for Service Transportation
companyFor duration of charging the EV
Sales Transportationcompany
Each charging pad installed
Advertisement Advertiser Advertising on chargingAdvertisement Advertiser Advertising on chargingapps
2424
TYPICAL VALUE CHAIN: BUS OPERATION
O f ti iti
MaintenanceCustomer
Our scope of activities
EV Bus AssemblyEV Design Bus service
operation
Bus stopsinstallation
EV Bus Charging
Charge pad design g g
Energy RetailerCharge pad
supply Free Mobile Device
Charging
Charge
Advertisement
25
Design of system layout
Charge pad/receiver
25
TYPICAL VALUE CAPTURE: BUS OPERATION
Maintenance
Licensing Fee for service
Customer
EV Bus AssemblyEV Design Bus service
operationFee for Service
Bus stopsinstallation
EV Bus Charging
Charge pad design g g
Energy RetailerCharge pad
supply Free Mobile Device
Charging
Charge
Advertisement
26
Design of system layout
SalesCharge
pad/receiver Advertisement26
PROPOSED VALUE CAPTURE: BUS OPERATION
Maintenance
Licensing
Customer
EV Bus AssemblyEV Design Bus service
operation Metered Billing ($/k h)
Bus stopsinstallation
EV Bus Charging
Charge pad design
($/kwh)g g
Energy RetailerCharge pad
supply Free Mobile Device
Charging
Charge
Advertisement
27
Design of system layout
Charge pad/receiver
Advertisement
27Sales
HOW IT WORKS
We will partner the EV maker to supply a fleet of EV bus capable of wireless charging.W ill ff t l th bli t t t ith We will offer to supply the public transport operator with this fleet of EV buses, along with our network of wireless charging padswireless charging pads.
To offset the installation cost for the public transport operator, we will only bill them based on metered billingoperator, we will only bill them based on metered billing for every kwh charged via our wireless pad.
To save guard our interest, we will sign a long term g , g gcontract agreement with them.
Through this, we hope to get grants/subsidy from the 28
government by positioning ourselves as a green business28
BUSINESS MODEL: PUBLIC SHUTTLE BUS SERVICE
Grants/Subsidy
Our company EV makerEnergy retailer
Advertisers
EV ChargingEnvironmental
EV Charging service
Wireless device Charging
Metered billing (kwh)
University Public Commuters 29University Public Transport
29
Customer
PRODUCT CROSS SUBSIDIZATION
Rental EV Car
Private EV BUS
Public EV BUS
Wireless h icharging station
30•Build more business models => more wireless charging stations 30g g•By sharing these charging stations between different services, it allows the cost to be subsidised
EV RENTAL CAR SERVICE
We will partner with EV maker to set up a rental car business by offering a supply of wireless charging pads.Th t k f h d ll th t b t d The network of charge pads allow the car to be returned at any of the designated charge pads
This business together with our charge pads will help to This business together with our charge pads, will help to promote EV car as a feasible transportation solution
This gives us opportunity to build more charge pads This gives us opportunity to build more charge pads which shared with those of the shuttle bus charge pads.
3131
BUSINESS MODEL: RENTAL EV CAR SERVICE
OE Our companyEnergy retailer
Wireless device Charging
EV ChargingEV Charging service
EV Rental owner
Customer
EV k
EV Rental service
32EV maker 32
NETWORK AND SCALE EFFECT
Wi h h il bl d EV b b With more charger available on road, more EV buses can be charged as the stations can be shared
This will promote shuttle bus circuits to increases and overlap p pin greater degree
It becomes more feasible to connect the different clusters of circuits togethercircuits together.
As first mover in the Singapore market, will be able to set up a critical mass base of users before other competitors
We will subsidise the cost of adoption of our wireless charging with the help of government funding
Wh h i th b ibl t d When charging on the move becomes possible, we can extend the charging service to other EV cars
Eventually, we provide the ecosystem for EV cars to penetrate 33y, p y pthe local market.
33
NETWORK AND SCALE EFFECTNETWORK AND SCALE EFFECT
3434
BUSINESS MODEL: PUBLIC EV CHARGING SERVICE
Our company EV makerEnergy retailer
Advertisers
Environmental
EV Charging service
Wireless device Charging
University Public CommutersPrivate EV 35University Public Transport
Private EV 35
STRATEGIC CONTROLSTRATEGIC CONTROL
3636
STRATEGIC CONTROL
3737
CROSSING THE CHASM
38
-Penetrate Bus Company & Partnership to ‘Secure prominent locations’ for EV charging service. 38g g- Cross chasm with certain amount of charge pads and charge stations.- Expand to ‘Car Rental’ & ‘Private Customers’
STRATEGY CANVAS: MAINTAIN FIRST MOVER ADVANTAGE- Patent
Intellectual Property - Partner with government.
Concession to lay pads on road.-Partner Bus Company SBS,SMRT- Non Disclosure Agreement
Strategic Partnership
HR Management
-Partner EV Maker
First Mover
Advantageg
-Continue R&D; charging accuracy
Distribution Channel Short Distance Bus, Car rent, SBS, SMRT, Private Owner.Marketing
39
ProductionComplementary Asset
-Continue R&D; charging accuracyMarketing-Boost end users awareness and acceptance of EV.Financial ResourcesGovernment & VC funding. 39Government & VC funding.Tax subsidy.
STRATEGY CANVAS: HOW TO SUSTAINPROFITABILITY
W h i d h l We possess the required technology. We focus on ‘continuous development’ R&D.
Faster charging (for dynamic charging)Faster charging (for dynamic charging) Increase accuracy range for efficient charging on the charging pad. Ensure Charging Pad standard.*
Pl f d i k ti t i t d d t t Plus, we focus on doing marketing to introduce product to the markets quickly.
We try to network and build strategic partnerships.y g p p We target to become profitable after market acceptance and
achieving our critical size of charging station networki ll i i i l i l h i Finally, we aim to position ourselves as a wireless charging
service provider (metered charging) for all EVs4040
SWOT ANALYSISStrength Weaknessg
•Convenience•Charge on the road
•Limited Financial Resources•Limited Network
•Safety and Reliability•Unmanned•Unaffected by water, ice & snow
•Capital intensive•Unproven track record
•Eco-friendly
Opportunity Threatpp y
•International pressure to cut emission•Increasing adoption and growth of
•Alternative “Green” Car.•Plug In charging EV.
EV car in big city •Battery swop business model•Competing technology
4141
CONCLUSION
We believe that wireless charging can provide us with aconvincing value proposition when applied onto the EVmarketmarket.
We aim to break into the market with as many chargingstations as possible and gradually transform ourselvesstations as possible and gradually transform ourselvesfrom a technology solutions provider to a chargingservice provider for all EV.p
4242
Q&A