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Fleet Electrification with Zero Capital Outlay:
The Case for a Complete Electric Fuel Solution
The Electrada Story
How We Electrify Your Fleet
• Electrada’s 360 Charging-as-a-Service: a
fleet EV charging solution with $0 customer
investment, technology, or operational risk
• Electrada covers 100% of the cost of your
EV charging infrastructure design, buildout,
operation, and maintenance. You pay us
only one fixed price for the electric fuel
• A strategic electric fuel program that is
tailored to your fleet’s operational needs
and beats your current conventional fuel
cost from day 1
• Serving all fleets: commercial, industrial,
school, transit, service, and logistics
The Electrada Story
Privileged & Confidential
What Electrifies Us
• Our team: deep expertise in e-mobility
adjacent industries: utility, energy,
microgrid, transportation, and asset
development
• Our history: “energized” in 2019 / initial
funding and commercially active in 2020
• Our partners: BlackRock Real Assets as
equity investor since mid-2021 /
partnered with fleet heavyweight
Holman Enterprises
• Our formula for success: a long-term
partnership with fleet owners – we
assume all performance, energy, and
capital risks – you just pay a fixed price
for electric fuel
The Formula for EV Fleet Success
Electric Fuel Program Must-Haves:
• Rigorous energy capacity planning +
investment
• Optimized load charging
• Iron clad performance guarantees +
financial backstops
• Best-in-class technology
• Fixed ZERO risk fuel pricing
Electric Fuel: the Key Component of EV Fleet Success
EV Fleet
Duty-Cycle
Electrada’s
360 CaaS
~40%
Electric Fuel’s share
of fleet TCO
ROI
Performance
Sustainability
Privileged & Confidential
Fleet Electrification: Comparing Solutions
Risk
Scalability
Relationship
Value Creation
Technology
DIY
(EVSE + SW)
“Turnkey”
(Assisted DIY)
LOW: fully hedged;
no energy risk;
comprehensive SLA
HIGH: Long-term
commitment to
the customer
10+ YEARS,
contracted and
predictably-priced fuel
99% uptime guarantee,
reduced cost per mile
from day 1
360 CaaS
(End-to-End)
Privileged & Confidential
HIGH: customer owns
energy and performance
risk
LOW TO
MODERATE
1-5 YEARS
(depending on financing)
Hardware and software
margins, referral fees
HIGH: customer owns
energy and
performance risk
LOW: procurement-
based, RFP-driven
1-3 YEARS:
purchase and sale
Hardware and software
margins, O&M
What Does Critical Reliability Mean?
99.999% 99.959% 99%
91%
73%
70.00%
75.00%
80.00%
85.00%
90.00%
95.00%
100.00%
Data Center
("Five 9's")
2021 PG&E
SAIDI
Electrada
Commitment
European Public
DCFC
Public
Charging*
For every 1% drop in reliability,
88 hours of performance are
lost
Fleets require utility-grade
performance; to scale, solution
providers must deliver
Turnkey DIY solutions hand
over all reliability and cost risk
to the fleet owner
* Based on the most comprehensive functional test
of public-access DCFC charging (University of
California – Berkeley, 2022)
Privileged & Confidential
360 CaaS: A Complete Electric Fuel Solution
Electrada’s Electric Fuel Solution:
100% Integrated, Capitalized, Reliable
Electrada
CaaS
Fleet Management
Applications
Fleet EV
Components
100% infrastructure cost covered:
design, build, operate
+
99%+ uptime guarantee
+
Industry-leading SLA
+
Fixed electric fuel cost
+
100% coverage: maintenance, support, upgrades, scalability
+
Plugged in 24/7: fleet and energy intelligence
dashboard and KPI management
Our 360 Charging-as-a-Service (CaaS) Model:
= One, Locational CaaS Price Per kWh
Privileged & Confidential
EV electricity needs assessment at each site
Pays one fixed,
pre-negotiated CaaS
rate for the duration
of the contract
Optimized charging capacity assessment by site
Engineering and construction firm selection
All site engineering, permitting, and construction – 100% capitalized
Utility coordination to obtain all necessary ahead-of-the-meter investments
Secure all applicable utility and governmental infrastructure incentives
Procure and pay for all EVSE required per engineering design
Install, commission, own, and operate all EVSE for your fleet’s exclusive use across entire contract term
Procure and pay for all required electricity for entire contract term
Ensure seamless integration with your fleet’s management software for entire contract term
Deliver 99% uptime for entire contact term
Provide your fleet a fixed CaaS fee for the entire contract, absorbing all capital, equipment, and energy risk
Your Fleet
360 CaaS: Who Does What
Privileged & Confidential
Infrastructure
NOC
Intelligence
Rapid Response
Support &
Maintenance
Depot
Capacity Plan
3 Contributors to Electrada’s 360 CaaS Reliability
• Energized spare charging capacity
• Charging tech warranties
• Site capacity reserve margin
• Resilience via on-site energy storage
• Site-level real-time asset management
software
• Predictive maintenance
• Dynamic intraday charging allocation
• Automated alarming/ticket gen
• In-market Electrada asset management personnel and inventory
• Contracted field services w/SLA
Privileged & Confidential
One Fixed 360 CaaS Rate:
How Do We Get There?
Site
Factors
Vehicle
Factors
360 CaaS
Rate
($/kWh)
EV Charging Incentives
Local Utility Rates
Available Grid Capacity
Existing Site Conditions
Battery Range
Daily Vehicle Usage
Battery Efficiency
Battery Charging Speed
MANAGED
ELECTRICITY
COST
INFRASTRUCTURE
CAPEX & OPEX
+
Privileged & Confidential
MANAGED
ELECTRICITY
COST
INFRASTRUCTURE
CAPEX & OPEX
360 CaaS: A Case Study
Initial Multisite EV Fleet Deployment
Timeline
At-a-Glance
Scope
Impact
Ferguson Enterprises is a $29B distributor of plumbing, HVAC and related building supplies to
a network of 1 million contractors, retail outlets and direct customers. Ferguson’s 5,300-unit
vehicle fleet consumes 8 million gallons of diesel fuel annually.
• Q2 2022 – contract on Phase 1 electrification for CA distribution centers
• Q1 2023 - go-live at first site
• Phase 1: 30 class 6 (Peterbilt/eM2) and class 8 (Freightliner) vehicles across 5 sites
• EVSE: mix of L2 and DCFC charging for overnight demand (730 kW connected load)
• Initial term: 5 years
• Utilities involved: SMUD, SCE, PG&E
• Top 100 private fleet operator commits to a multi-year electric fuel solution
• Electrada and Holman partnership generates commercial traction
• Clear indication that energy risk management and reliability are critical to fleet operators
• DTNA and PACCAR value comprehensive vehicle conversion offering
Privileged & Confidential
360 CaaS: Implementation and Customer Success
Electrada’s Electrification Services Agreement (ESA)
Electrification Services Agreement:
Multi-Year Performance Contract
Lowest
cost/
mile
Privileged & Confidential
Fleet Owner
Renewable
Energy Supply
Gov’t grants/ Utility
incentives/ rebates
Energy markets
value (V2G/DR, etc.)
Clear ROI program
and ESG metrics
achievement
• Collaborative depot design
• Fleet conversion roadmap
• Fleet management telematics
• Site evaluation + recommendations
• CaaS capital and technology
• SLA-assured support + maintenance
$
$
The Go-Live Process:
How Do We Get There? Project Interest
& Viability
Indicative
Proposal
Project
Implementation
Management
Customer
Success
Fleet Vehicle
Selection
Site Plan
Finalization
Go-Live
End-to-End
Project
Management to
Implementation
360 CaaS Rate
Finalization &
ESA Delivery
Operational
Success
Management
Privileged & Confidential
360 CaaS: Key Takeaways
Electrada: 360 CaaS Key Takeaways
Fully Capitalized
We cover 100% of EV charging
infrastructure design, build,
and operating costs
Performance
Industry-leading SLA
Reduced CPM
Guaranteed lower cost per mile
(vs. liquid fuel) from day 1
Long-term Success
Multiyear contract with clear service
guarantees for EV fleets at scale
Reliability
99% uptime
Predictable Pricing
We absorb the energy
market risk
Lower Operational Risk
We manage all maintenance
and performance issues
Privileged & Confidential
231 W. 12th Street, Suite 600 | Cincinnati OH 45202 | 513-632-0360 | electrada.com
Thank
You!

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FLEET ELECTRIFICATION WITH ZERO CAPITAL OUTLAY

  • 1. Fleet Electrification with Zero Capital Outlay: The Case for a Complete Electric Fuel Solution
  • 3. How We Electrify Your Fleet • Electrada’s 360 Charging-as-a-Service: a fleet EV charging solution with $0 customer investment, technology, or operational risk • Electrada covers 100% of the cost of your EV charging infrastructure design, buildout, operation, and maintenance. You pay us only one fixed price for the electric fuel • A strategic electric fuel program that is tailored to your fleet’s operational needs and beats your current conventional fuel cost from day 1 • Serving all fleets: commercial, industrial, school, transit, service, and logistics The Electrada Story Privileged & Confidential What Electrifies Us • Our team: deep expertise in e-mobility adjacent industries: utility, energy, microgrid, transportation, and asset development • Our history: “energized” in 2019 / initial funding and commercially active in 2020 • Our partners: BlackRock Real Assets as equity investor since mid-2021 / partnered with fleet heavyweight Holman Enterprises • Our formula for success: a long-term partnership with fleet owners – we assume all performance, energy, and capital risks – you just pay a fixed price for electric fuel
  • 4. The Formula for EV Fleet Success
  • 5. Electric Fuel Program Must-Haves: • Rigorous energy capacity planning + investment • Optimized load charging • Iron clad performance guarantees + financial backstops • Best-in-class technology • Fixed ZERO risk fuel pricing Electric Fuel: the Key Component of EV Fleet Success EV Fleet Duty-Cycle Electrada’s 360 CaaS ~40% Electric Fuel’s share of fleet TCO ROI Performance Sustainability Privileged & Confidential
  • 6. Fleet Electrification: Comparing Solutions Risk Scalability Relationship Value Creation Technology DIY (EVSE + SW) “Turnkey” (Assisted DIY) LOW: fully hedged; no energy risk; comprehensive SLA HIGH: Long-term commitment to the customer 10+ YEARS, contracted and predictably-priced fuel 99% uptime guarantee, reduced cost per mile from day 1 360 CaaS (End-to-End) Privileged & Confidential HIGH: customer owns energy and performance risk LOW TO MODERATE 1-5 YEARS (depending on financing) Hardware and software margins, referral fees HIGH: customer owns energy and performance risk LOW: procurement- based, RFP-driven 1-3 YEARS: purchase and sale Hardware and software margins, O&M
  • 7. What Does Critical Reliability Mean? 99.999% 99.959% 99% 91% 73% 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 100.00% Data Center ("Five 9's") 2021 PG&E SAIDI Electrada Commitment European Public DCFC Public Charging* For every 1% drop in reliability, 88 hours of performance are lost Fleets require utility-grade performance; to scale, solution providers must deliver Turnkey DIY solutions hand over all reliability and cost risk to the fleet owner * Based on the most comprehensive functional test of public-access DCFC charging (University of California – Berkeley, 2022) Privileged & Confidential
  • 8. 360 CaaS: A Complete Electric Fuel Solution
  • 9. Electrada’s Electric Fuel Solution: 100% Integrated, Capitalized, Reliable Electrada CaaS Fleet Management Applications Fleet EV Components 100% infrastructure cost covered: design, build, operate + 99%+ uptime guarantee + Industry-leading SLA + Fixed electric fuel cost + 100% coverage: maintenance, support, upgrades, scalability + Plugged in 24/7: fleet and energy intelligence dashboard and KPI management Our 360 Charging-as-a-Service (CaaS) Model: = One, Locational CaaS Price Per kWh Privileged & Confidential
  • 10. EV electricity needs assessment at each site Pays one fixed, pre-negotiated CaaS rate for the duration of the contract Optimized charging capacity assessment by site Engineering and construction firm selection All site engineering, permitting, and construction – 100% capitalized Utility coordination to obtain all necessary ahead-of-the-meter investments Secure all applicable utility and governmental infrastructure incentives Procure and pay for all EVSE required per engineering design Install, commission, own, and operate all EVSE for your fleet’s exclusive use across entire contract term Procure and pay for all required electricity for entire contract term Ensure seamless integration with your fleet’s management software for entire contract term Deliver 99% uptime for entire contact term Provide your fleet a fixed CaaS fee for the entire contract, absorbing all capital, equipment, and energy risk Your Fleet 360 CaaS: Who Does What Privileged & Confidential
  • 11. Infrastructure NOC Intelligence Rapid Response Support & Maintenance Depot Capacity Plan 3 Contributors to Electrada’s 360 CaaS Reliability • Energized spare charging capacity • Charging tech warranties • Site capacity reserve margin • Resilience via on-site energy storage • Site-level real-time asset management software • Predictive maintenance • Dynamic intraday charging allocation • Automated alarming/ticket gen • In-market Electrada asset management personnel and inventory • Contracted field services w/SLA Privileged & Confidential
  • 12. One Fixed 360 CaaS Rate: How Do We Get There? Site Factors Vehicle Factors 360 CaaS Rate ($/kWh) EV Charging Incentives Local Utility Rates Available Grid Capacity Existing Site Conditions Battery Range Daily Vehicle Usage Battery Efficiency Battery Charging Speed MANAGED ELECTRICITY COST INFRASTRUCTURE CAPEX & OPEX + Privileged & Confidential MANAGED ELECTRICITY COST INFRASTRUCTURE CAPEX & OPEX
  • 13. 360 CaaS: A Case Study
  • 14. Initial Multisite EV Fleet Deployment Timeline At-a-Glance Scope Impact Ferguson Enterprises is a $29B distributor of plumbing, HVAC and related building supplies to a network of 1 million contractors, retail outlets and direct customers. Ferguson’s 5,300-unit vehicle fleet consumes 8 million gallons of diesel fuel annually. • Q2 2022 – contract on Phase 1 electrification for CA distribution centers • Q1 2023 - go-live at first site • Phase 1: 30 class 6 (Peterbilt/eM2) and class 8 (Freightliner) vehicles across 5 sites • EVSE: mix of L2 and DCFC charging for overnight demand (730 kW connected load) • Initial term: 5 years • Utilities involved: SMUD, SCE, PG&E • Top 100 private fleet operator commits to a multi-year electric fuel solution • Electrada and Holman partnership generates commercial traction • Clear indication that energy risk management and reliability are critical to fleet operators • DTNA and PACCAR value comprehensive vehicle conversion offering Privileged & Confidential
  • 15. 360 CaaS: Implementation and Customer Success
  • 16. Electrada’s Electrification Services Agreement (ESA) Electrification Services Agreement: Multi-Year Performance Contract Lowest cost/ mile Privileged & Confidential Fleet Owner Renewable Energy Supply Gov’t grants/ Utility incentives/ rebates Energy markets value (V2G/DR, etc.) Clear ROI program and ESG metrics achievement • Collaborative depot design • Fleet conversion roadmap • Fleet management telematics • Site evaluation + recommendations • CaaS capital and technology • SLA-assured support + maintenance $ $
  • 17. The Go-Live Process: How Do We Get There? Project Interest & Viability Indicative Proposal Project Implementation Management Customer Success Fleet Vehicle Selection Site Plan Finalization Go-Live End-to-End Project Management to Implementation 360 CaaS Rate Finalization & ESA Delivery Operational Success Management Privileged & Confidential
  • 18. 360 CaaS: Key Takeaways
  • 19. Electrada: 360 CaaS Key Takeaways Fully Capitalized We cover 100% of EV charging infrastructure design, build, and operating costs Performance Industry-leading SLA Reduced CPM Guaranteed lower cost per mile (vs. liquid fuel) from day 1 Long-term Success Multiyear contract with clear service guarantees for EV fleets at scale Reliability 99% uptime Predictable Pricing We absorb the energy market risk Lower Operational Risk We manage all maintenance and performance issues Privileged & Confidential
  • 20. 231 W. 12th Street, Suite 600 | Cincinnati OH 45202 | 513-632-0360 | electrada.com Thank You!