INNOVATION AND ENTREPRENEURSHIP

BUSINESS PLAN: PORTABLE EV CHARGING FACILITY

SUBMITTED TO: DR. SAMEER PINGLE

Submitted by:

Aanchal Agrawal - 80012100963

Heramb Patil – 80012100911
Jeel Gangar – 80012100048
Raghav Gupta - 80012100925
 Declaration
We hereby declare that this plan of Business Proposal submitted to SVKM’s Narsee Monjee Institute of
Management Studies, Indore is original work completed by our team under guidance of Dr. Sameer Pingle,
Associate Dean of School of Business Management.
This Business Proposal's findings have not been submitted to another university or institute for the purpose of
conferring a degree or diploma.
Table of Contents
Introduction ........................................................................................................................................................... 4
The following questions were included in the questionnaire: ............................................................................. 4
Analysis based on the received answers: .............................................................................................................. 4
Research Paper - Secondary use of Electric Vehicle Batteries and Potential Impacts on Business Models .... 5
Proposed Financials and Timelines...................................................................................................................... 6
References .............................................................................................................................................................. 7
 Introduction

Introduction to EV

Electric vehicles are the most popular issue in India right now. Thinking of EVs as slow and sluggish till a few
years ago, nowadays to witnessing fast and fierce TESLA. The situation has completely changed. Consumers
have begun to favor electric cars due to their blend of enjoyment and sustainability.

About our company

We are both a product-based and service-based company. We are providing an EV charging service, just like
Zomato we can order our food anytime and anywhere also like Urban Company provides grooming, beauty,
appliance repair, and home cleaning services. We are providing an EV charging service anytime and anywhere,
you can book a slot with the help of an application for availing this service. Along with this service, we are also
the provider of a portable EV charger.

Anticipated needs we are addressing – Charging facility for EV and Portable charger

Charging a heavier electric car can be a huge issue for any electric car owner if they do not have a correct setup
(powerful MCB, wiring, and earthling) nearby. This problem of mental pressure is triggered by a lack of battery
storage, which is improving but still needs to be improved significantly. Every electric vehicle manufacturer has
its own charging port, which is making it difficult to establish a proper charging environment.

Need Identification

Primary Research
The following questions were included in the questionnaire :
1. Name, City, Age group
2. On an average, how much time do you spend charging your vehicle weekly?
3. Are there sufficient charging points at your residential area for EVs?
4. Would you buy a Portable charger which will charge your vehicle in case of battery drain issue?
5. Would you completely rely on EVs in future?
6. How much do you spend weekly on charging?

Analysis based on the received answers:

The first 3 basic questions were asked to know more about the respondent and relate this answer to a particular
behaviour or attitude. We collected the data based on the assumption that the person will use EV in future and
based on this assumption we collected the data from people who drive vehicles and are in need of vehicles to
fulfill their needs.
By making interpretations from the data collected we can say that 88.5% of people will prefer charging their
vehicle at their door step instead of charging stations as it is taking 6-8 hours for 40% of the respondents to charge
their vehicle and also for 80% of them there are no charging points available in their residential area. 94.2% will
prefer buying a portable charger for their vehicle in case of battery drain issue.

Secondary Research

 Research Paper - Secondary use of Electric Vehicle Batteries and Potential Impacts on Business Models
This study highlights the business models of various EV stakeholders that enable battery reuse. We examine the
decision criteria for battery "post-vehicle" applications and their possible consequences The findings highlight
the significance of battery ownership, inter-industry collaboration, and legislative assistance. Government
support is the most essential trigger for battery reuse at this early stage. The findings also show that battery reuse
has the potential to act as a driver for EV business model reconfiguration.
 Research paper – Study of EV battery reliability improvement
This study focuses on EV battery dependability, which includes recognising failure types, testing methods, and
life projection methods. By focusing on these factors, the reliability feature will be found, and the battery's life
will be extended.
 Article - The mobility Revolution: Portable EV charging stations for personal and shared use (2022)
Volkswagen Group and bp, Europe's largest energy business, have joined together to rapidly carry out EV fast
charging in Europe by 2024. The charger locations will be integrated into VW, Seat, and Skoda vehicles'
navigation and other in-car apps, as well as Volkswagen's charging application, Elli, making it easier for drivers
to identify accessible charging points.
 Proposed Financials and Timelines

Particulars Amount
Seed Funding 2,00,00,000
Loan from Bank 2,00,00,000
Establishment of Infrastructure 2,50,00,000
Remaining Budget for other operations 1,50,00,000

Department wise Fund Allocation

Particulars Expected Annual Expenditure for the Maiden Year

Marketing, Advertisement and

2000000
Awareness of Company

Operations 1000000
Application and Website
1000000
development

Reserve fund for emergency and other expense 1,10,00,000

Stages Function Expected Duration

Stage 1 Planning & Designing of idea 3 Weeks
Stage 2 Market Research and Analysis 3 Weeks
Stage 3 Process of acquiring Seed Funds 6 Weeks
Stage 4 Development of Application and Website 6 Weeks
Stage 5 Launch of Marketing Campaign 8 Weeks
Stage 5 Service Launch 1 Week
Stage 6 Post Launch Operation 3 Weeks
Stage 7 Planning of new market exploration 8 Weeks
 References
 Research Paper 1 -
https://www.researchgate.net/publication/301645377_Secondary_use_of_Electric_Vehicle_Batteries_an
d_Potential_Impacts_on_Business_Models
 Research Paper 2 -
https://www.researchgate.net/publication/275214779_Study_Of_Electric_Vehicle_Battery_Reliability_I
mprovement
 Article - The mobility revolution: Portable EV charging stations for personal and shared use
 Article - How about a portable charging station for your electric vehicle?(2022)
 Article - The mobility Revolution: Portable EV charging stations for personal and shared use (2022)
 Article - Portable Battery Charger for Electric Vehicles(2022) Authors - Aman Jha and bhim singh