Electric Bicycle Market

2009 Statistics

• 23 million E-bikes sold worldwide
• Each E-bike sold has an average of 2.7 batteries sold
  with it
• 70% use a 3 battery pack
• 30% use a 2 battery pack
• Each year, 80% of the batteries sold the year before need to be replaced
• Current cost for batteries is ~$90 ($30 per battery)
• Batteries last one year, warranted for 90 days
• 90% of batteries sold are lead acid, 10 to 12 A/h
• Battery cycle life is the biggest problem for all manufacturers
• Most E-bikes use Sealed Lead Acid, (SLA), battery technology and take 6 – 8 hours to charge
• Prieto Batteries can be recharged in minutes
• Approaches similar time to filling a tank of gas
• Prieto batteries last 2000 + cycles
• Charging time and cycle life are key differentiators
• Extends e-bike range
• Reduces down time
• Broadens E-bike market appeal
• Competition - OEM and aftermarket products
• No known claims of charging SLA < 1 hour
• Pricing from $90 - $300

Value Proposition

• Lighter weight
• Faster charging
• 5 minutes vs. 6 hours
• Enables curb side charging
• Similar to filling a gas tank
• Significantly longer life span
• Lower manufacturing cost than existing batteries