India’s Most Promising EV Companies to Watch January2024

1. India's Most Promising EV Companies to Watch Vol 01 | Issue 05 | 2024 LOOK I N D I A Change Forward How Electric Vehicles are Empowering a Greener Future? www.ciolookindia.comSavy Electric Dreams A Glimpse into the Future of Transportation Chandan Mundhra | Founder| Savy Electric Vehicles Pvt Ltd Electric Vehicles Realizing India’s Clean, Green, and Sustainable Electric Mobility Dream

3. India's Most EV Companies to Watch Promising

4. Editor's

5. INDIA'S ELECTRIC VEHICLE REVOLUTION: COMPANIES TO WATCH AND THE ROAD AHEAD I While traditional automakers like Tata Motors and Mahindra & Mahindra are leading the charge, a wave of promising startups is also emerging, pushing the boundaries of innovation and technology. ndia, with its vast population and growing environmental concerns, is poised to become a major player in the global electric vehicle (EV) revolution. technologies, aiming to improve range, affordability, and charging infrastructure. Sustainable Supply Chains: As environmental consciousness grows, companies are exploring sustainable sourcing of materials and responsible manufacturing practices, making sustainability a key differentiator. These young companies are not just building EVs; they are redefining the mobility landscape with unique approaches and disruptive ideas. They are focusing on specific niches, developing advanced technologies, and catering to underserved markets, making the Indian EV ecosystem diverse and vibrant. Challenges and Opportunities: The road ahead for India's EV startups is not without challenges. Lack of charging infrastructure, high upfront costs, and consumer apprehension pose significant hurdles. However, government initiatives, rising fuel prices, and increasing environmental awareness are creating a positive environment for EV adoption. Emerging Trends to Watch: India's EV landscape is brimming with potential. Innovative startups are disrupting the sector, offering promising solutions, and contributing to a cleaner and more sustainable future. As they navigate challenges and leverage opportunities, CIOLook’s ‘India’s Most Promising EV Companies to Watch,’ are not just shaping the Indian EV market; they are setting the stage for a global electric mobility revolution. Beyond Two-Wheelers: While two-wheelers currently dominate the Indian EV market, startups are venturing into electric three-wheelers, passenger cars, and even commercial vehicles, catering to a wider range of consumers and businesses. Focus on Affordability and Localization: Recognizing the cost sensitivity of the Indian market, many startups are prioritizing affordable EVs and localization of components, making them accessible to a broader audience. You will witness this green revolution in the following pages of this exclusive edition. Drive in to a clean, green, and sustainable tomorrow. Enjoy the joy-read! Technovation: Recognizing the crucial role of batteries in EV adoption, several startups are focusing on developing indigenous battery, charging, software, and digital Gaurav PR Wankhade Managing Editor

6. Cover Story 08Savy Electric Vehicles Realizing India’s Clean, Green, and Sustainable Electric Mobility Dream Articles Change Forward How Electric Vehicles are Empowering a Greener Future? 14 Electric Dreams A Glimpse into the Future of Transportation 24

7. SYNERGY E M O B I L I T Y S O L U T I O N S 18 Empowering Indian EV Revolution into its Next Phase YoCharge 28 Empowering Global Electric Mobility Ecosystem Contents

8. India's Most Promising EV Companies to Watch Vol 01 | Issue 05 | 2024 LOOK LOOK I N D I A Change Forward How Electric Vehicles are Empowering a Greener Future? I N D I A www.ciolookindia.comSavy Electric Dreams A Glimpse into the Future of Transportation www.ciolookindia.com Chandan Mundhra | Founder| Savy Electric Vehicles Pvt Ltd Electric Vehicles Pooja M. Bansal Editor-in-Chief Realizing India’s Clean, Green, and Sustainable Electric Mobility Dream CONTENT FOLLOW US ON www.twitter.com/ciolookindia www.facebook.com/ciolookindia/ Managing Editor: Gaurav PR Wankhade Assisting Editor : Prajakta Zurale WE ARE ALSO AVAILABLE ON DESIGN Visualizer: Sandeep Tikode Art & Design Director: Sameen Arif Associate Designer : Rashmi Singh CONTACT US ON Email sales@ciolookindia.com For Subscription www.ciolookindia.com SALES Vice President : Swapnali Vasaikar Asst. Vice President : Tejaswini Whaval Sr. Team Leader : Suraj Gadekar BDE : Tushar Katkeraju Copyright © 2024 CIOLOOK India, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK India. Reprint rights remain solely with CIOLOOK India. TECHNICAL Technical Head : Prachi Mokashi Technical Specialist : Rajeshwari Avhad Technical Consultant : Tanaji Fartade sales@ciolookindia.com SME-SMO JANUARY, 2024 Research Analyst : Renuka Kulkarni SEO Lead : Nikita Khadalkar Cover Price: Rs.300/-

9. India's Most EV Companies to Watch Promising Company Featuring Description As a leader in the electric vehicle industry, eRoyce is committed to accelerating the world transition towards electric vehicles. Sudhakar Nagu, Founder and CEO eRoyce Motors India Private Limited EVC provides end-to-end EV charging white label premium software services which include Android and iOS mobile app and Charging Station Management System (CSMS) with one's own brand name. Savy Electric Vehicles Pvt Ltd is a proud manufacturer of extensive fleet of transport based electronic vehicles like E Rickshaws, Electric Loaders and Electric Golf Carts. Anurang Dorle, Co-founder and CEO EVC Technologies Pvt Ltd Savy Electric Vehicles Pvt Ltd Chandan Mundhra, Founder Synergy E Mobility Solutions provides solutions for set up of charging stations, sales, service, and maintenance of chargers for electric vehicles along with charging software. Jayant Limaye, Managing Director (MD) Synergy E Mobility Solutions Pvt. Ltd. YoCharge white label EV charging software is the easiest and quickest way to launch, operate, and scale one's own brand of EV charging stations. Jaideep Singh Shaktawat, Founder and Chief Executive Officer YoCharge

10. C O V E R S T O R Y Chandan Mundhra Chandan Mundhra Founder Savy Electric Vehicles Pvt Ltd

11. Savy Electric V e h i c l e s Realizing India’s Clean, Green, and Sustainable Electric Mobility Dream Brand Savë has garnered multiple awards and accolades, acknowledging its outstanding contributions to the electric mobility sector.

13. T revolutionize the entire sphere of the clean, green, accessible, long-lasting, heavy-duty yet affordable, efficient, innovative, futuristic, and sustainable private and publictransport and mobility solutions. hough we Indians have not invented the world’s first electric vehicle, believe me when I say that we Indians will be the first country in the world to One of the first pioneering startups emerging in this noble cause is Savy Electric Vehicles Pvt Ltd. Also known as the brand, Savë stands as an emblem of innovation and sustainability in the realm of electric mobility. Dedicated to crafting a range of environmentally friendly and high- performing vehicles, Savy Electric Vehicles redefines conventional transportation with its pioneering electric alternatives. Embracing the vision of revolutionizing e- mobility solutions, battery technology, and financing accessibility, Savë is committed to providing efficient and eco-conscious vehicles that cater to diverse transportation needs. Made in India! Among its extensive fleet are various innovative offerings: *CITY-POD:A newly launched e-Auto which is aesthetically superior in its segment, durable and efficient, offering a car like comfort to its passengers at the cost of regular auto- rickshaws rides. It was unveiled at the World of eMobility, Amsterdam (Netherlands) and garnered a global interest. *TukTuk-E:A three-wheeler passenger vehicle that redefines urban commuting. *ElecTruck :A three-wheeler cargo vehicle designed for efficient and eco-friendly logistics solutions. ® *Dump Truck : E-Garbage Van: A purpose-built three- wheeler for waste management and disposal. ® *Classic Campus Cart:A four-wheeled campus cart catering to intra-campus travel needs. *Electric Food Truck:A bike-infused design for a mobile and eco-conscious food truck. *Mobile Water Van:A bike-designed mobile water carrier for efficient water transportation. *Cash Dispensing ATM Van:A mobile ATM solution designed for remote areas to facilitate financial services.

14. India's Most Promising EV Companies to Watch *Rural Medical Service Van:A basic first-aid amenities van designed to serve rural and remote areas. Chandan’s leadership style is often recognized as a driving force behind Savë's achievements. Shedding light on his leadership and team-building approach, he says, “We are a growing organisation, and there is much more to achieve. I have realized that the most important factors in building and leading an efficient team is uniting the team members who have high teach-ability index, keen on execution and are problem solvers and giving them some free hand in their work. Micromanaging has often led us to delays and loss of productivity.” Made for India! Savë has garnered multiple awards and accolades, acknowl- edging its outstanding contributions to the electric mobility sector. Each vehicle crafted by Savë is a testament to Founder Chandan Mundhra and his professionally competent team’s commitment to excellence, offering exceptional performance while maintaining environmental sustainability. Savy Electric Vehicles emerges as a pioneering force, catalyzing the electric revolution in the transport industry with its innovative and eco-conscious solutions. Electric Revolution on Wheels Sustainability and environmental responsibility are crucial aspects of the modern EV niche. To integrate these principles into its operations and contribute to a greener future, Savë takes its environmental goals very seriously and is working at various levels to achieve them. “We are switching to using recycled materials available in the market. The use of green Steel for chassis is under trial. All such steps combined will reduce our carbon footprint significantly,” informs Chandan. In a short span, Savy EV has achieved remarkable success. Chandan highlights a transformative project showcasing their commitment to excellence and innovation: "We still consider ourselves an emerging entity willing to make a mark in the e- mobility and public transport space with our EVs. One of the challenging and exciting projects we did was build Mobile ATMs for Hitachi. The ATM was mounted on a vehicle, had advanced security features, and transformed Hitachi's unit economics per ATM. The mobile ATMs were breaking even earlier than the fixed machines.” Chandan started his career by working in his family business. He has always had an inclination towards venturing into renewables and clean energy and positively impacting the environment. He says, “I believe, access to clean air is our fundamental right, and vehicular pollution is one of the major causes of degrading/poisioning the quality our breathable air.” Bearing the goal of improving air quality, improving the environment and providing eco-friendly transportation, Chandan came across Electric Three Wheelers and launched it in Gujarat. Today, Savy EV has emerged as one of the leading brands in its niche. Sharing their guiding philosophy, Chandan says, “It took us almost three years with multiple failures to find our niche. I attribute our success to the most important philoso- phy: Making life easier for our customers. We don’t just make vehicles; we tailor-make them to suit the customer’s requirement.” In the realm of EVs, technology plays a pivotal role in enhancing efficiency. While leveraging technology to optimize its services and stay ahead in a digital age, Chandan believes digitalization is the key. “We are digitalizing right from manufacturing and dealer management to after-sales service.” The beauty of going digital is initially, it is difficult to adapt, but once done, it enhances efficiency multifold. Every function of the organisation is measurable. Efficiency can only be improved if it can be measured. Made by Indians! The EV landscape is continually evolving. Thus, to ensure that it remains adaptable and ahead of industry trends, providing innovative solutions to its clients as an emerging entity, team Savy EV is agile and swift in their approach. Chandan adds, “Adaptability comes naturally when we are scaling. We believe in user-centric innovations and make sure our innovations benefit the end users positively, and it should not be just a cosmetic upgrade.” Investing in Team Building The workforce is the cornerstone of any successful organiza- tion. To foster a culture of growth, skill development, and empowerment among his team, Chandan, an avid learner, encourages every team member to keep learning any skills relevant to their career. “We enrol them to various industry- relevant courses, seminars, etc.,” he states. Also, understanding user behaviour is the starting point of Chandan and his team’s product development journey and building products/services around it puts them ahead of the industry.

15. As an emerging startup in the EV industry, Savy EV faced its share of challenges. Chandan accepts that challenges keep cropping up daily. However, one of the most satisfying events was when they delivered a customised ambulance van to Civil Hospital in Ahmedabad. “We had booked the order, but the facility where the vehicle was supposed to be used was very narrow, and our regular vehicles couldn’t fit.” immense efforts to address these critical factors in their service offerings. “During the vehicle designing and building process, we minutely observed the Indian driving pattern, road conditions and other allied infrastructure (charging infra) which will be required to make Indian driver- compatible electric vehicles. We factored in overloading and have features that can restrict the vehicle's motion if it exceeds the prescribed loading limit. Also, we have sensors enabled in the battery, which cuts off the power when the battery overheats. These are but a few advancements that we have given as standard features in our vehicles,” says Chandan. This vehicle was to be used in the Trauma centre building and should be able to enter the lift. “Later, we discovered the lift was 40 years old and had 1000mm of width. We had to entirely redesign the whole vehicle, build and run it successfully and deliver it in shortest span of time. We were short of resources and time.” Adding Environmental Positivity Impact to the Future Public Transport This is where team Savë's resilience and ingenuity tri- umphed over adversity. Chandan proudly says, “Due to our team, the feat was accomplished, and we got many accolades from the Government.” Looking to the feature, Chandan aspires to continue making a significant impact on India's electric vehicle landscape by upgrading the public transport scenario in India with their best-in-class Electric vehicles. “All the sectors in India have seen considerable advancement over the past 50 years.But when it comes to public transport vehicles, we are stuck with the same old redundant vehicles. We have attempted to break that notion and add comfort, aesthetics, dignity and environ- ment positive impact to this space, and so far, the results are satisfying,” he concludes. An Eye Opener Event The COVID-19 pandemic has reshaped industries globally. Chandan informs that it was an eye-opener for the entire civilization. The environmental impact of vehicular pollution become so evident that the people and the Government are inclined to EVs. “In a nutshell, COVID-19 has positively impacted our business, and we have been witnessing consis- tent growth.” Today, EVs go beyond the physical realm, touching on safety, security, and well-being. Chandan and his team, Savy, make

16. How Electric Vehicles are Empowering a Greener Future? Jan, 2024 14 www.ciolookindia.com

17. Change Forward T Electric vehicles (EVs) are no longer a futuristic fantasy; they are rapidly becoming a reality, promising a transformative impact on our planet, our society, and our individual lives. he roar of the internal combustion engine has dominated our roads for over a century, but a quieter, cleaner revolution is gaining momentum. The global shift toward sustainable and eco-friendly solutions have sparked a revolution in the automotive industry, with EVs emerging as the frontrunners in the pursuit of a greener future. This shift towards electric mobility isn't just about swapping engines; it's about ‘Change Forward,’ a journey towards a greener future. Driving Towards Sustainability: The most immediate and undeniable benefit of EVs lies in their environmental impact. It is the primary motivations behind the surge in electric vehicle adoption as their significantly lower environmental impact compared to traditional internal combustion engine vehicles. EVs produce zero tailpipe emissions, mitigating air pollution and reducing greenhouse gas emissions, thereby contributing to global efforts to combat climate change. Environmental Impact: Unlike their gasoline-powered counterparts, EVs don't emit tailpipe pollutants, significantly reducing greenhouse gas emissions, a major contributor to climate change. As more EVs hit the road, the air we breathe becomes cleaner, protecting public health and contributing to healthier ecosystems. This shift, however, goes beyond tailpipes. EVs encourage the development of renewable energy sources like solar and wind power, further reducing our reliance on fossil fuels and their associated environmental damage. Technological Advancements: The rapid evolution of electric vehicle technology is propelling the automotive industry into an era of innovation. Advancements in battery technology, energy efficiency, and sustainable materials are enhancing the performance and range of electric vehicles, making them increasingly competitive with their conventional counterparts. Jan, 2024 15 www.ciolookindia.com

18. Economic and Social Implications: The transition to electric vehicles is not merely a technological shift; it carries substantial economic and social implications. The growing EV market has spurred job creation, particularly in research and development, manufacturing, and the establishment of charging infrastructure. Additionally, governments worldwide are offering incentives to promote electric vehicle adoption, making them more accessible to a broader demographic. Overcoming Challenges: While the electric vehicle revolution is gaining momentum, it is not without its challenges. This section explores hurdles such as battery disposal, manufacturing sustainability, and the need for further research to address these concerns. A comprehensive understanding of these challenges is crucial for the continued advancement of electric vehicle technology. Global Initiatives and Collaborations: As we examine global initiatives and collaborations aimed at accelerating the adoption of electric vehicles, we find that the Governments, industry players, and environmental organizations are working in tandem to create a conducive environment for electric mobility, emphasizing the collective effort required to build a sustainable and greener future. Charging Infrastructure: A critical component of the electric vehicle ecosystem is the development of robust charging infrastructure. Initiatives to expand charging networks globally are underway, addressing concerns about "range anxiety" and bolstering the confidence of potential EV buyers. The integration of smart charging solutions and renewable energy sources further enhances the sustainability of electric vehicles. Join the Change Forward Empowering a Cleaner Economy: The transition to EVs isn't just about environmental benefits; it's also about economic empowerment. As India strives to reduce its dependence on imported oil, EVs present a domestically sourced solution. Investing in EV infrastructure and manufacturing creates new jobs, stimulates economic growth, and fosters technological innovation. Additionally, lower operating costs of EVs, compared to traditional vehicles, empower individuals and businesses alike, putting more money back in their pockets. The shift towards electric mobility is more than just a technological change; it's a collective movement towards a cleaner, healthier, and more sustainable future. By embracing EVs, we can empower ourselves, our communities, and our planet. As we navigate toward a future of sustainable transportation, electric vehicles stand as catalysts for positive change, propelling us toward a cleaner, greener tomorrow. Whether you choose to become an EV owner, advocate for improved infrastructure, or simply make conscious choices towards sustainable living, every action contributes to this ‘Change Forward’ movement. Join the revolution, be the change, and drive towards a greener future. Transforming Mobility: The impact of EVs transcends environmental and economic concerns; it reshapes how we move around. EVs offer a silent, smooth driving experience, reducing noise pollution in our cities and contributing to a more tranquil environment. Additionally, with advancements in battery technology, range anxiety is becoming a thing of the past, empowering individuals to travel further with confidence. Furthermore, EVs offer exciting possibilities for autonomous driving and connected car technologies, paving the way for a smarter and safer transportation future. Challenges and the Road Ahead: Despite the undeniable benefits, the transition to EVs isn't without its challenges. Building robust charging infrastructure, ensuring affordability for diverse segments, and addressing battery disposal concerns are crucial hurdles that need to be overcome. However, with government initiatives, private sector investments, and continued technological advancements, these challenges are being tackled head-on. Jan, 2024 16 www.ciolookindia.com

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20. Empowering Indian EV Revolution into its Next Phase I n the burgeoning realm of electric mobility, where innovation sparks like lightning and the journey towards a sustainable future gathers momentum, one name shines bright: Synergy E Mobility Solutions Pvt. Ltd. is lauded as one of India's Most Promising EV Companies to Watch. Synergy is not just propelling India's transition to electric vehicles. The firm is reimagining the very landscape of mobility. commitment to environmental responsibility, an unwaver- ing focus on accessibility, and an insatiable drive for innovation. “We understand that the electric mobility revolution demands more than just charging stations and efficient vehicles. It necessitates a holistic approach, encompassing infrastructure development, sustainable energy solutions, and a collaborative ecosystem that empowers all stakeholders,” says Mr Limaye, who spoke in an exclusive interview with CIOLook India, the highlights of which are given herein. Earlier, Synergy Solutions was a partnership firm founded by Jayant Limaye and Amar Chakradev. Today, Synergy E Mobility Solutions Pvt. Ltd. is a mainly women-driven company, with Mrs Jyotsna Chakradev, Mrs Jyotsna Limaye, Mrs Smita Nagarkar and Mrs Radhika Ursekar as the main directors of the company. They have developed a team of working partners like- Please brief our audience about your organization. With nearly four decades of experience in the electrical field, I worked as a senior engineer in the operation and maintenance department of the State Electricity Board. After retirement, I entered the new and challenging electric vehicles and charging infrastructure field. I’m also a registered Electrical Contractor. *Jayant Limaye – Electrical Engineer, 38 yrs. Experience in the electrical field, looking after the EV charger-related technical part and daily activities as MD. Amar Chakradev, my friend, is also from the Electrical Field and has been a consultant, installer and registered Electrical contractor for the last 25 years. And I have completed various projects. *Abhijeet Nagarkar is an electrical engineer with an MBA and 15 years of experience in the electrical field, looking after CMS and software-related works. *Mandar Ursekar is a commerce graduate with an MBA and 12 years of experience in marketing, looking after marketing and customer relations. We both have an interest in the new emerging fields, and this interest brought us together. We have been Delta Electronics, India's channel partner for the last four years. We have installed more than 500 EV chargers of various capacities and locations in Maharashtra, Gujarat, Madhya Pradesh, and Goa. We installed EV chargers for TATA Power, MG Electric, TVS and OLA. With our experienced partners and staff maintaining the EV chargers, we are the key players in this niche. *Amar Chakradev is an electrical/mechanical engineer with 25 years of experience in the electrical contractor and consulting field, looking after overall activities, including legal and money matters. Synergy's story is not merely one of technological prowess or market capture. It's a narrative woven with a deep-seated Jan, 2024 18 www.ciolookindia.com

21. We understand that the electric mobility revolution demands more than just charging stations and efcient vehicles. Jayant Limaye Managing Director (MD) Synergy E Mobility Solutions Pvt. Ltd. We also provide software services to our customers, charge point operators, EV charging network companies, groups of consumers, and private companies. We are one of the prominent companies in electric vehicle charging solutions and its technology through our high-end knowledge and industry expertise. Synergy E Mobility Solutions Pvt. Ltd. supplies and installs a complete range of EV chargers that are secure, fast, and reliable to charge all types of electric vehicles. We have installed more than 500 chargers of various capacities, which is our strong strength, leading us in this field than the others. Tell us more about Synergy E Mobility’s offering and what makes it stand out in the cutthroat competition. It is necessary to save the earth in the future by controlling increasing air pollution. The central government, state governments, and municipal corporations are taking steps forward through their policies. Now, as the main pillars of society, Industries, builders, Developers, restaurants, Hotels, Parking place operators, Clubs, Party lawn owners, Shopping malls, Theatres, Hospitals, Schools, colleges, Architects, and Engineers should step towards green earth. By installing EV chargers, you may opt for the incentives declared by governments, which can provide an amenity to your customers and members, and you can also earn from this electric charging infrastructure if you look at it as a business. Our main strong point is based on experience, and our main aim is to consult and provide solutions to our customers. We and our consultants always listen and understand each customer’s requirements and needs. We advise selecting suitable chargers and installing them per the correct specifications and standards to satisfy customers' various needs in a cost-effective manner. We provide the CMS platform for infrastructure manage- ment, Customer management, User web and mobile apps, Jan, 2024 19 www.ciolookindia.com

22. India's Most Promising EV Companies to Watch Considering the current industry scenario, what challenges do you face, and how do you drive your company to overcome them? and Monetization solutions as per customers’ requirements. The most important part in this field is after-sales service; we offer our maintenance services on an AMC basis. Tell us about the immersive benefits of your company's services to its clients. Lack of Knowledge. As this field is new, various ideas are based on incomplete knowledge. One or two unavoidable or manufactured incidents create rumours that pull back the entire industry. Synergy E Mobility Solutions Pvt. Ltd. is a total solution provider of EVSE (Electric) Vehicle Supply Equipment in India. Lack of standards in the equipment. Government authorities should implement rules regarding charger connectors, battery specifications, and Battery management systems. Lack of trained, skilled, and technically sound workforce. In India, even all over the world, a skilled, experienced workforce is required in the EV industry. There are no official courses available to train the employees. We supply and install various types of Smart EV Chargers in terms of power output (7kw, 21kw in AC Chargers and even up to 350kw DC super-fast charging station), mount- ing types (ceiling, wall and floor stand) and charging standards (J1771, IEC Type 2, CHAdeMO, CCS, GB/T etc.). We all face these main problems. We train our staff regularly through company training programs and hands-on experience. We also provide associated equipment and solutions, such as software solutions, Management and Billing Platforms, and Dynamic Load Management for buildings with limited load capacity. To overcome these challenges, we at Synergy E Mobility Solutions have started skill development courses in the EV industry field with the help of Skill Sonic India and JSPMS, a leading Engineering College in Pune, Maharashtra, this year only. It is the only officially available course and will be started in other colleges in the future. We aim to provide end-to-end solutions to our clients with the highest possible flexibility and reasonable rates and assist our clients in various stages of EV Charging development. What would you advise budding entrepreneurs who aspire to venture into the EV industry? Being an experienced leader, share your opinion on how adopting modern technologies like AI and ML impacts the EV sector and how Synergy E Mobility is adapting to the change. As we all can see, the EV industry is one of the fastest- growing industries in India and globally. It's a collaborative sector in which all other industries are directly and indirectly associated. EV Charging Industry, last-mile delivery, battery swapping, servicing and maintenance, rent and leasing, and battery recycling are a few of those. Artificial Intelligence and Machine Learning will play a major role in developing the EV sector in the future. Day- by-day developments are happening in EVs, battery technology, and charging instruments. The world is trying to ease the business and cost-effectiveness, that is the availability of all equipment at reasonable costs. The Central and State Governments are making new EV policies to increase the population of Evs. The central government, state governments, and municipal corporations are taking steps forward through their policies. Now, as the main pillars of society, Industries, builders, Developers, restaurants, Hotels, Parking place operators, Clubs, Party lawn owners, Shopping malls, Theatres, Hospitals, Schools, colleges, Architects, and Engineers should step towards green earth. By installing EV Chargers, you may opt for the incentives declared by Governments. We believe it’s the best time to start in the EV industry, per our interests and passions. This gives immense opportuni- ties to build your career, contribute to nature conservation, and fight against climate change. Indian Government is encouraging the use of electric vehicles and hopes 70% of vehicles will be Electric vehicles on the road by 2030. More Indian auto manufactur- ers and foreign companies are launching EVs in the Indian market. Naturally, the requirement for charging infrastruc- ture will increase. Jan, 2024 20 www.ciolookindia.com

23. How do you envision scaling your company’s operations and offerings in the future? There will be a huge demand for electric vehicles in the future. There are many reasons for the increase in the use of electric vehicles, mainly day-by-day increases in fuel prices, heavy pollution, and heavy running and maintenance costs of IC engines compared to Evs. We and our experienced, skilled personnel are our basic investment. By providing better Quality service, using good quality materials, and creating a standard and safe installa- tion process, we can create a special space in this EV charging infrastructure field—the satisfaction of customers and delivering a seamless EV charging experience to EV users. We developed our Scalable Services with expertise in the Indian market. We always try to improve our services for a better and better user EV charging experience. Please give us a few testimonials of your customers and a list of awards/recognitions that accurately highlight your company’s position in the segment. We have never applied for any award/recognition. Testimonials - Synergy E Mobility Solutions Pvt. Ltd has created space in the minds of our satisfied customers like TATA Power, Chargezone, Static, MG, and TVS Ola. The repeated orders are the award for us. OEM like Delta, Adur, I Electric, Kazam, Static, and Varde Mobility accepts our suggestions in the chargers’ day-to-day work and try to improve new future products. Ÿ Ÿ Synergy E Mobility Solutions Pvt. Ltd. is not just a company; it's a movement. It leads the charge towards a cleaner, greener future, where electric vehicles are not just a luxury but an accessible and sustainable norm. The firm is redefining the very essence of mobility, leaving behind a legacy of innovation, commitment, and unwavering dedication to a brighter tomorrow. For more information, please visit https://www.synergyem.in/ Jan, 2024

26. Electric A Glimpse Future of Transportation into the Jan, 2024 24 www.ciolookindia.com

27. Dreams A Close your eyes. Imagine a world where the roar of gas engines is replaced by the hum of electric motors, where streets are cleaner and skies are bluer. This isn't science fiction; it's the electric future of transportation, slowly but surely taking shape on our roads. We're not just talking about sleek electric cars zipping through city streets; the future holds much more in store, fueled by innovation and driven by sustainability. Glimpse into the Future of Transportation Beyond Cars: A Multimodal Electric Universe: While electric cars are grabbing headlines, the electric revolution extends far beyond them. Picture electric buses silently gliding through urban landscapes, offering efficient and emission-free public transportation. Think of high- speed electric trains, whisking passengers across vast distances with minimal environmental impact. Don't forget electric scooters and bikes, seamlessly integrated into urban mobility networks, offering convenient and eco-friendly last-mile solutions. The future of transportation is a multimodal ecosystem, powered by electricity and designed for seamless connectivity. Hyperloop: The Speed of Dreams: Remember science fiction movies with futuristic pods hurtling through vacuum tubes? The Hyperloop isn't just fiction anymore. This revolutionary technology utilizes pods propelled through low-pressure tubes, promising transportation speeds exceeding those of airplanes. Imagine traveling from Delhi to Mumbai in less than an hour! While still in its early stages, the Hyperloop holds immense potential for revolutionizing long-distance travel, further shrinking the world and connecting us like never before. Jan, 2024 25 www.ciolookindia.com

28. Autonomous Vehicles: Navigating the Future: pollution, the concurrent times underscores the pivotal role that EVs play in fostering a sustainable and ecologically responsible future. The electric revolution intersects with another exciting development: autonomous vehicles. Imagine self-driving cars, taxis, and even trucks navigating city streets and highways with precision and efficiency. This technology can alleviate traffic congestion, improve road safety, and offer mobility solutions to those who currently lack it. Electric autonomous vehicles promise a future where transportation is not just clean and efficient, but also accessible and inclusive. Transformative Charging Infrastructure: An exploration of the charging infrastructure forms a crucial part of the narrative. "Electric Dreams" sheds light on the transformative nature of charging stations, addressing range anxiety and showcasing the efforts to establish a robust network that supports the growing fleet of electric vehicles. Diverse Electric Fleet: The stream of present discoveries navigates through the diverse array of electric vehicles available, from sleek urban commuters to high-performance electric sports cars. By highlighting the versatility of EV options, it emphasizes how the electric dream is not limited to a specific demographic but caters to a broad spectrum of consumer needs and preferences. Challenges and the Road Ahead: The electric future of transportation isn't without its challenges. Building robust charging infrastructure across vast distances, ensuring affordability for diverse segments, and addressing ethical concerns surrounding autonomous vehicles are hurdles that need to be overcome. However, with continued technological advancements, government support, and private sector investments, these challenges are being actively addressed. Government Initiatives and Incentives: Governments worldwide are playing a pivotal role in accelerating the transition to electric mobility. "Electric Dreams" examines the various incentives, subsidies, and regulatory measures that support the adoption of electric vehicles, illustrating the collaborative efforts between public and private sectors. Electric Dreams: A Dream Worth Chasing: "Electric Dreams" take the dreamers on a journey into the heart of this transformative era, exploring the electrifying advancements, environmental benefits, and the dream-like future that electric vehicles promise. Challenges and Solutions: Acknowledging the challenges that accompany the electric dream, the article addresses issues such as battery disposal, recycling, and manufacturing sustainability. By presenting potential solutions, it underscores the industry's commitment to overcoming obstacles on the path to a sustainable transportation future. The Rise of Electric Mobility: As concerns about environmental sustainability grow, electric vehicles have emerged as the frontrunners in redefining the future of transportation. The present provides insights into the rapid rise of electric mobility, highlighting its significance in reducing carbon emissions and mitigating the environmental impact of traditional combustion engine vehicles. Shaping Urban Landscapes: As we explore how electric mobility is reshaping urban landscapes, we find that electric vehicles not only contribute to cleaner air and reduced noise pollution but also prompt a reimagining of urban planning, with a focus on creating smart cities that prioritize sustainable transportation. Technological Marvels: Delving into the technological marvels that power electric vehicles, the article discusses breakthroughs in battery technology, energy efficiency, and smart connectivity. These innovations not only enhance the performance and range of EVs but also pave the way for a more intelligent and interconnected transportation ecosystem. The future of transportation is no longer a dream; it's a rapidly approaching reality. From electric cars and scooters to Hyperloops and autonomous vehicles, the possibilities are endless. By embracing these advancements, we can not only create a cleaner and more sustainable world but also build a transportation system that is efficient, accessible, and inclusive. So, buckle up, fasten your seatbelts, and get ready for the electric ride of our lives. It's a future worth chasing, and it's closer than you think. Environmental Conservation: A key focus of "Electric Dreams" is the profound impact of electric vehicles on environmental conservation. By dissecting the reduction of greenhouse gas emissions and the alleviation of air Jan, 2024 26 www.ciolookindia.com

30. ne of the biggest obstacles to the widespread O infrastructure across the geographies. Entrepreneurial spirits keen to solve the problem face another major issue: how to approach it and where to start. adoption of sustainable transport by embracing electric vehicles is the unavailability of charging All these hurdles are going to be things of the past, as here comes YoCharge, https://yocharge.com/ platform for enabling Smart Charging of Electric Vehicles. The digital Imagine a world where charging your electric vehicle is as seamless as filling up your petrol tank. That's the vision behind YoCharge. They recognize that the biggest barrier to India's widespread EV adoption is the lack of charging infrastructure. But instead of just building stations them- selves, they're empowering entrepreneurs and enterprises to become the driving force. Empowering global electric mobility ecosystem The Founder and Chief Executive Officer, Jaideep Singh Shaktawat’s mind is revolutionary. “Our platform enables Entrepreneurs and Enterprises to Launch, Operate and Scale their EV Charging Station business. As a trusted partner of electric vehicle charging technology, our goal is to make charging of electric vehicles green, easy, safe, reliable, and cost-effective.” Forget the range anxiety and say goodbye to the hunt for elusive charging stations – India's electric vehicle revolu- tion is on the fast track, and YoCharge is paving the way. Launched in 2022, this innovative platform isn't just another EV company; it is… A Game-Changer for Sustainable Transport Think of YoCharge as the ultimate EV charging spring- board. Their digital platform provides everything you need to launch, operate, and scale your own EV charging station business. From finding the perfect location to managing charging, payments, and even energy optimization, YoCharge offers a comprehensive suite of tools and support. And it's not just about India. This innovative platform is already making waves across ten countries, helping businesses deploy charging networks and fueling the global EV revolution. But the YoCharge story is more than just technology. It's about a mission: to make EV charging green, easy, safe, reliable, and cost-effective. The team led by Jaideep is passionate about sustainability and understands that Jaideep Singh Shaktawat Founder and Chief Execu?ve Officer 28 www.ciolookindia.com

31. India's Most Promising EV Companies to Watch affordable, accessible charging is key to unlocking the full potential of electric vehicles. With the accelerated adoption of electric vehicles, electric- ity demand data has also started entering the public domain. Jaideep and his team could identify some early trends as to how the increase in electric vehicles, coupled with energy transition and net-zero movement, could lead to a compli- cated and interesting problem to solve. So, the next time you hear the buzz about India's EV boom, remember YoCharge. They're not just one of the most promising companies in the space; they're the digital backbone shaping a cleaner, greener future for transporta- tion. This is where the EV revolution starts. This is YoCharge. YoCharge’s Green Mobility Missions: • Democratise the development of EV Charging Station Infrastructure. Deliver a hassle-free, easy, cost-effective, reliable and joyful Charging Experience. Provide enabling technology support to accelerate the transition to e-mobility. Create a ‘From India for the World Solution’. Go beyond zero emissions and ensure not just e- mobility but green mobility by using electricity from renewable sources. Are you ready to dive deeper into the story of YoCharge's inception and discover how they're empowering everyday heroes to become charging station pioneers? • • The Journey Begins Right Here! • • At the UN Climate Change Conference in Glasgow (COP26), over 30 countries, six major vehicle manufactur- ers and other actors, like cities, set out their determination for all new car and van sales to be zero-emission vehicles by 2040 globally and 2035 in leading markets, accelerating the de-carbonization of road transport, which currently accounts for about ten per cent of global greenhouse gas emissions. Values and Philosophy Jaideep says, “We promote and propagate SELECT value system as part of our DNA. SELECT is the driving force behind how we work within our organization, community and with our business partners. Through SELECT, we aspire to create a vibrant company culture where creativity can blossom, people can grow, and success can flourish.” SELECT includes: Electric vehicles help to tackle climate change as they have zero tailpipe emissions. Team YoCharge aims to accelerate this transition to EVs by enabling entrepreneurs and enterprises to access technology to build charging infra- structure and provide Seamless to electric vehicle users. ~Safety and Sustainability: • Ensure the highest personnel and equipment safety standards are followed at all times. • Ensure executed work is sustainable and minimize any negative implications for the environment. YoCharge Inception Before starting YoCharge, Jaideep worked on energy transition for bulk electricity consumers, advising and implementing projects to transition electricity consumption from power grid to distributed, cleaner generation like Solar. He recalls, “Our interest and business allowed us to keep a tab on the consumption pattern and energy demand across geographies.” ~Empowerment: • Facilitate initiatives by individuals and foster owner- ship of tasks. • Provide individuals with the opportunity to improve skills, make decisions, lead and grow. ~Learning: • Pursue creative ideas that have the potential to change the world. • Continuously develop and deepen our knowledge of business and skills. Not only in India, the innova?ve pla?orm of YoCharge is already making waves across ten countries, helping businesses deploy charging networks and fueling the global EV revolu?on. ~Ethics: • Ensure honesty, fairness and accountability in all aspects of work. Jan, 2024 29 www.ciolookindia.com

32. • Conduct our business in accordance with the highest standards of professional behaviour and ethics. in the Indian EV Charging Industry. Instead, we aspire to create a platform enabling anyone to be a player in the Indian EV Charging Industry.” ~Customer First: • Respect customers, listen to their requests, understand their requirements, and exceed expectations. Consequently, as they enable more and more players to be stakeholders in the Indian EV ecosystem, the impact grows exponentially. ~Team Work: • Respect and embrace diversity in culture, approach and ideas. Evolution in Charging The Charging Industry sits at the crossroads of the Power Sector and Electric Vehicle manufacturers and needs to evolve with development in both these sectors. “At YoCharge, we bring the expertise of both these worlds together.” YoCharge DNA According to Jaideep, one of the major challenges to the accelerated adoption of electric vehicles is the lack of Charging Infrastructure. Many entrepreneurs and enter- prises want to tap this opportunity and launch an electric vehicle charging business, but they do not know where to start. The YoCharge team is a careful mix of experts from power, electric vehicles, and software, working closely on market requirements and anticipating needs. “Rather than working on a problem, our approach is to anticipate problems and proactively build solutions for it.” “At YoCharge, we took this problem statement itself as the first mandate and started developing a platform that could enable interested parties to launch their charging network,” says Jaideep. Leadership and Working in YoCharge Sharing his leadership approach, Jaideep says he does not believe in empowerment and ownership. Externally, YoCharge empowers its clients to do business better, The fundamental thesis of YoCharge is that the team is an ecosystem enabler. “We do not aspire to be a major player Jan, 2024 30 www.ciolookindia.com

33. Tackling Challenges, the YoCharge Way but internally, YoCharge empowers its employees, partners, and vendors to own the process. Jaideep shares that as a bootstrapped business, they faced challenges from the word go. In their earlier days, they did not have electric vehicles for testing and had to borrow them. Consequently, the team developed virtual chargers and a virtual electric vehicle payload to streamline their software development and simulate real-time behaviour. The key driving force is always the desire to excel and set benchmarks, first trying to achieve them and then improving. Jaideep states, “We believe that success is not a destination but a journey, with each day being a successful day with respect to the past but a failure when compared to the future.” The key is to keep on delivering and improving. Building a Sustainable Future The Product Development The electric vehicle industry, in general, and India, in particular, have a long way to go. “Our vision is based on our value philosophy to use technology as a tool to build a more sustainable, equitable and robust electric vehicle ecosystem,” states Jaideep. Jaideep claims that building a great product is a continuous process. This requires a direct connection with end-users, understanding not just their scaler requirement of charging but the vectors like state of mind, anxiety triggers and many other factors that can directly or indirectly impact their experience. YoCharge aspires to be a long-term stakeholder in Journey, starting early and working as a catalyst to accelerate the adoption of electric vehicles in India and globally. Achieving a delicate equilibrium between operational efficiency and customer satisfaction is a prerequisite for customer satisfaction. “Our approach centres on a holistic strategy involving several key elements such as an agile framework, a customer-centric feature development process, and data-driven decision-making. Also, our technology stack is designed to handle increasing demand seamlessly, maintaining optimal performance even during periods of rapid expansion.” He concludes, “We are dedicated to the success of our clients in improving the quality of life and building a sustainable future.” Jan, 2024 31 www.ciolookindia.com

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