“I remember a situation in which I had Nokia employees – I had taken over a few hundred – explain to me how they went down in the fight against Apple. The logic was: “We have 43 different mobile phones, the right one for everyone, nobody wants touch, you have to charge the iPhone at least once a day, while our battery lasts for a week“. And: Nokia had record years, but was practically already dead.

Steve Jobs, on the other hand, had understood that the function of the device was fundamentally different. Access to the Internet became more important than the phone itself. And loading time was no longer so critical for customers. A few years later, Nokia was history.

Ladies and gentlemen, this is precisely the situation that is being repeated in the automotive industry. The car is no longer just a means of transport. And that also means that the era of classic car manufacturers is over” – January 2020

Herbert Diess

CEO, Volkswagen Group

Our solutions

EDIT EV

TCO optimized

for MaaS & Logistic fleets

durable, modular, upgradeable

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TABBY EVO

EV Platform for R&D

advanced modularity

L7e and M1 category

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Battery Swap

10X more affordable

20X faster than fast-charging

energy storage for the electricity grid

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Services

to make a car from 0 to 1

and 1 to million

engineering, design, robotics

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Open Motors in 7 minutes

Transcript

Hello, everyone, I’m Tin, founder and CEO of Open Motors. 

Our company is backed by Y Combinator and we are based in Silicon Valley. And now also in China. We’re making new EV in the battery swap technology only for services like Uber and DiDi.

We don’t sell to final consumers and we can host multiple AI configurations.

Even if I don’t look like actually, I am Italian. Yeah. And as well as my co-founders, we are all coming from a city called Turin that is famous for chocolate like Nutella. Ferrero Rocher also is famous for soccer. Cristiano Ronaldo is playing my city.

And obviously cars. Actually, we are all coming from the automotive in the We’ve been doing fancy beautiful cars like Ferrari, Lamborghinis, EBS, and also SUVs for the Chinese market. These are some of the brands were being involved directly. And only a few cities in the world actually have the know-how to make cars, great cars from zero to one, and from one to million on a global scale.

But this is actually a very traditional and Old Market. In fact, Bloomberg said probably, we will remember this year as the peak car, the peak of production and the peak of sales to final consumers. And it’s already happening also in China. double-digit losses everywhere.

So the new market actually is called MaaS (mobility as a service), and apparently is going to be huge. Over $7 trillion in China, actually Going to be dominant even bigger than public transportation and private car market combined.

According to a study from McKinsey on how to make the EV industry profitable, because all the companies right now are losing money, they propose a solution. And this solution is actually is target fleet customers with a high mileage category and focus on the TCO.

TCO means the total cost of ownership, which is the biggest problem for fleets. Actually, actual cars have a very bad to CEO because we know we’ve been doing that all the cars are engineered for private users.

So our object to means actually you buy the car, the initial costs and on maintenance, repair, insurance everything that you can see here.

So the objective is to optimize the TCO and we did that with one integrated solution, a vehicle, and a revolutionary battery swap technology.

This is the vehicle called EDIT. And you can imagine like an airplane like from Airbus, made it as a city car, super durable, ripped high replaceability and easy upgradeability. And here’s the video:

  • introducing the future of the automotive industry,
  • a ready to use road-legal vehicle designed and engineered in Europe.
  • Featuring a platform that is entirely modular,
  • allowing vehicles to adapt to any situation
  • Any location, any need.
  • A truly adaptable vehicle
  • designed and engineered for services
  • the modular platform for truly future proof vehicles, ready to easily repair, refurbish and upgrade any part necessary
  • with flexibility to choose even up to level five complete autonomous driving a fleet of self-driving
  • truly white-label vehicles can operate up to 24 hours every day, allowing for maximum efficiency
  • And because the entire platform is built on a modular architecture, fleets of vehicles can last 10 times longer, customizable, modular, and upgradable designed to last designed to evolve. 

So, we also introduced recently a new revolutionary technology for battery swapping. Actually, to be honest, the technology is pretty much like Tesla NIO and Aulton from Shanghai.

The only thing that is not comparable is the price we are several times more often affordable. So in a nutshell, these are the differences between us and our competitors. We are focusing on parts that are necessary from services and we are talking to DiDi Uber, okay.

And we are extremely focused on cost optimization.

We push so far this, that we achieved remarkable results:

  • The TCO of our vehicle is two times lower than any other cars
  • We can extend the battery life the lifespan of the battery up to three times more
  • The cost of the station actually is 10 times lower on average.
  • And time: we are comparing 60 minutes of fast charging which is not that fast, with just two minutes and a half to swap the battery.

The business model is very simple, we provide to service providers: cars, batteries, swapping and energy.

We already got interests from remarkable companies: moving people and moving goods, and also for recently from Global Fortune 500 companies in energy and infrastructure.

The AI part and big data play a huge role in our company. But there is no reason for us to compete against all of these players.

Instead, there is one good reason to integrate all of them, because now we can provide cars to DD for China and we can provide cars Uber in North America. And we use AI and big data for all these other things especially predictive maintenance.

To recap, we are Open Motors backed by YC.

Huge experience from Europe.

Now also Silicon Valley and China.

We are making an EV in a revolutionary batteries work technology, only for services ultra optimize.

If you’re interested, that’s my WeChat Feel free to add me.

 

Transcribed by https://otter.ai

backed by

Y Combinator logo

We invested in Open Motors because it makes building a car easier than it’s ever been. Future car companies and transportation services will be powered by platforms like this the same way open source software enabled the incredible proliferation of web applications.
Sam Altman

CEO of OpenAI and former President of Y Combinator

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