Teva Motors Limited. Asher Bennett, CEO 07450 647600 www.tevamotors.com Range Extended Electric Trucks With Lower Life Time Costs Than Diesel Trucks. 23% saving. DIESEL. TEVA. Pollution charges. Incentives. With PREMS. Traditional system. Operational Limitations Lifetime cost
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Teva Motors Limited
Asher Bennett, CEO
Range Extended Electric Trucks With Lower Life Time Costs Than Diesel Trucks
State of Charge (%)
Time (% of a full day of use)
Teva only needs depot 3-phase charging that already exists
Lack of charging infrastructure
Barriers and Teva Solution
Customers in the commercial sector focus on TCO
High sticker price
Range extender removes range limitations
Operational risk of running out of range
Customers in the commercial sector have predictable daily range with small variance
Trucks have physical space to put in different systems – simplifies development process
Limited space in vehicles
No costs – assembly line already exists, Teva brings in a complete chassis
High costs to set up assembly line
CEO: Asher Bennett – Entrepreneur, EV and BATTERY specialist with 18 years experience.
Chairman: Sir Trevor Chinn – High profile businessman and ex chairman RAC, AA, Kwik-Fit.
Trevor Power: Automotive entrepreneur and EV specialist.
Malcolm Powell: Ex Tesla and Lotus.
China’s largest diesel truck exporter.
World’s largest truck fleet operator.
DECC Energy Entrepreneurs Fund Competition ~ £800K Grant
Investment to Date:£900K Grant funding, Angel Investors
Market Opportunity: 150,000 Trucks per year EU alone. China + USA huge opportunity
3 Prototype Trucks on 2 Chassis Types – Q3
Prototype of Predictive Management Application – Q3
Series A investment: £1million (~ £250K to complete the round). HMRC approved for EIS