Introducing the next

Leader in urbanelectric mobility

Company introduction

VisionBe a global technology leader providing zero-emission commercial mobility products and solutions that create outstanding value for all our stakeholders.

MissionEnriching lives through green mobility. • Empowering our people to be agile, innovative and

responsible

• Intelligently using our technology and data

• Delivering lowest lifecycle cost products and solutions

• Ensuring zero impact on the environment

SWITCH democratising zero carbon mobility

Source: Company Information

Rapid electrification of buses and LCVs

Favourable regulations

Extensive government financing

Sustainability goals of cities & companies

SWITCH targets a TAM of greater than70B USD in largest and fastestgrowing EV markets

3M

400M

2020E

IndiaEurope US1

Total Addressable Market

eBus

eLight Commercial Vehicles

28M

264M244.MN

2020E

8B

2B

2B

4B

2030E

0.9B

CAGR (2020E-30E)

28%

54%

33%

25%

22%1.4B

16B

~12x

4B

ROW2

India3Europe3 US4

29B

4B

22B

2030E

55B

3.6B

Total Addressable Market Excludes China

~14x

CAGR (2020E-30E)

30%

106%

23%

49%

Source: McKinsey, Frost & Sullivan, Company data analysisNote: 1. E-Transit. 2. ROW = Australia, New Zealand, Jakarta, Singapore, S.Africa, Malaysia, Barbados, Bermuda, Mauritius, HK, Nigeria, UAE, Saudi Arabia, Egypt, Qatar, M. East (Egypt, Oman, Kuwait), SAARC (excl. India), Japan, Korea, LATAM 3. E-LCV. 4. E- Medium Duty Trucks.

1. Proven• Proven track record with 300 EVs on road in developed

& developing markets

• Established platform with global scale from day one

2. World-class technology• Lowest Total Cost of Ownership (TCO) driven by light-

weighting technology & vehicle optimisation

• Unique MaaS offering eBus and eLCV focused ecosystems

Core Value Proposition

3. Intelligent• Digital native approach to fleet solutions with all EVs

embedded with proprietary telematics platform

• 2TB of data used each day to feed digital solutions

4. Net zero• Zero-emissions emitted from vehicles and net zero

carbon in all company operations

• Sustainable practices e.g. 2nd life battery partnerships

SWITCH is a mature startup fuelled by innovation and technologyWith 300+ EVs already on road and >$130M invested, SWITCH has a strong product line which is technologically advanced compared to its peers

NEW eBUS CONCEPTMETRODECKER METROCITY SOLO CONCEPT

eLCV CURRENT

CIRCUIT

GENERATION 1 GENERATION 2

eCREW CONCEPTeTRUCK CONCEPT eVAN CONCEPT

EVOLUTION OF eBUS

EVOLUTION OF eLCV

SWITCH leverages Ashok Leyland’s distribution strength

SWITCH’s partner dealership network (AL/Optare)

Management offices R&D

First manufacturing sites (Y1)

SWITCH’s global footprintDistribution Network spanning 50 countries

HQ UK

Mother Plants Euro & India

Mother Sourcing

India

Partners CKD

1. Starting point: lightweightcompetitive advantage• Lighter material (incl. plant based composites) used with semi-

monocoque design

• Efficient battery size and placement configurations

2. Combining best of UK & India: modular platforms• Universal platform across applications & geography

• Economies of scale

• Expertise advantage with India-based R&D CoE

SWITCH leverages global scale to achieve lowest TCO in all markets

3. Best-in-class: battery pack & BMS• Strategic cell sourcing from reputed global suppliers

• Co-develop BMS software with leading partners

• Design, develop and assemble battery pack

SWITCH journey to best-in-class TCO

SWITCH uses data in a ‘digital twin’ approach to reduce TCO and carbon footprint‘Digital twin’ approach simulates routes based on data

Vehicle Route City

Onboard tracking of EV location, speed, performance, temperature, tire performance, battery and driver performance, occupancy rate.

‘Digital twin' mapping of the EV route, with information on roads, traffic rules.

Enrichment of bus and route 'digital twin' data with traffic patterns, weather data, etc.

The city ‘digital twin’ lowers TCO by combining bus and route insights to minimise batteries by optimising bus offering given route requirements.

Our carbon emissions vision is bold: zero, zero, zero

Zero Carbon In Use

• 100% zero-emission vehicles

• Green power options with local energy partners

• Renewables power for MaaS miles with eMaaSentity

Zero Carbon Supply Chain

• All emissions abated from in-going materials, e.g. fossil-free steel

• End-of-life recycling of vehicles and partnerships for 2nd life battery usage

Zero Carbon Operations

• Renewables power all plants and offices

• Carbon free logistics powered by fossil-free fuels

• Use of BEV service fleet

0 0 0

OHM Global Mobility - accelerating zero carbon mobility

Advanced digital, connected and energy services

Electrifying public and freight

mobility

Zero-emissions

Zero capital –OPEX based

business model

Vehicle lifecycle management

OHM Global Mobility provides customised and connected mobility solutions, based on lowest TCO proposition

1. Customised business models for different customer archetypes

2. Lowest TCO proposition in the industry

3. Driven by successful eMaaS experience in India

4.Connected, intelligent and sustainable platform

Included:• 10 years contract• Vehicle/battery• Charger with installation• Operations• Cost of driver• Maintenance• Registration• Road tax• Cost of charging• Insurance

Excluded:• Ticketing

Customised business models – flexible and customer-centric

Included:• Battery – 6 X 2 = 12 year contract• Charger with installation• Battery maintenanceExcluded:• Vehicle (sold separately)• Cost of charging• Cost of driver• Operations• Registration• Road tax• Insurance

Included:• 5 years contract• Vehicle/battery• Charger with installation• Maintenance• Registration• Road tax• InsuranceExcluded:• Cost of charging• Cost of driver• Operations

Included:• 3 years contract• Vehicle/battery• Charger with installation• Maintenance• Registration• Road tax• InsuranceExcluded:• Cost of charging• Cost of driver• Operations

Gross-cost Contract (GCC) –state bus transport operators

Battery as a Service -bus fleet operations

Vehicle as a Service -large LCV fleets

Vehicle Subscription -SME green LCV fleets

Connected, intelligent and sustainable platform – OHM’s Integrator Model will work on a dual product & service based operating port

Utilities Energy Storage

Battery 2nd Life Solution

Charging Station Installation/

Operation

Integrator

Connected Vehicle Platform

Business Model Integrator

Offering eVehicle

Installation/operation charging station

Battery and services

Sale of energy (in partnership with utilities)Value-added services (load balancing, V2G)Energy management & storage solution

Fast-charging solution

Connected, intelligent fleetmanagement solution

Battery 2nd life

We are revolutionising commercial eMobility

Complete freedomof vehicle design

Modular batteryconfiguration

Low-cost sourcing& manufacturing

Digital nativeapproach for smart cities

Unique Mobility as a Service offering

Digital fleetmanagement services

Integrated energyoffering

OPEX based ownership solution

Asset life cyclemanagement

300 EVs already on the road across the globe