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What it is
EVOLVE tool helps configure a winning Electric Vehicle product in 2W, 3W and 4W segment for emerging markets by using benchmarks on costing, features, design, sourcing and capex strategy.
Here is a demo on how it works
Evolve tool touches on 5 key elements that can help in building a successful electric vehicle business in India
Market sizing*
Detailed market sizing of electric vehicles based on an EV penetration curve built through a robust TCO (total cost of ownership) model and market maturity curve based on multiple external / ecosystem factors.
Build target BOM till 2030 through customization of:
Performance parameters/specs
Features (add-ons and upgrades)
Over 35 electric 2Ws from 20+ OEMs benchmarked from around the world
Optimize cost and weight through DTV ideas:
200+ ideas of cost and weight reduction
Themes: Spec & design optimization, design components integration, packaging efficiency
Selection of suppliers for major EV components like motors, DC-DC, E-axle, OBC, among others
Detailed supplier lists including name, product, manufacturing locations
Estimates for CAPEX to design a business plan
In -house vehicle Integration
Battery in-house manufacturing
Charging Infra set up
Power electronics in house manufacturing
*Market sizing is managed by the McKinsey Automotive Practice, while the remaining 4 elements of EVOLVE rest with the Product Development team.
Evolve includes a comprehensive database of performance and specification features for E2Ws
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35+ Vehicles benchmarked
Customized bills of materials across India, China, the US, Southeast Asia, and the EU
20+ Parameters and specs for custom bills of materials
Customizable over 10-year time period
05 Categories covered
Including telematics, accessories, spec upgrade, autonomous driving and AI
60+ Features covered
Basic features on standard vehicles, with option to “upgrade” or “add on” new features
14 Use cases covered across ideas
Including utility & convenience, styling, performance, connected features
Evolve includes a detailed repository of cost and weight optimization opportunities
04 Types of 2W segments covered
Scooters and motorcycles (low and high performance)
50+ Number of components/ aggregates covered
Including EV and Non-EV components
10+ Key themes outlined
Including spec optimization, design optimization, component integration, packaging efficiency
200+ Ideas for weight and cost reduction opportunities
Covering long-term and short-term ideas
50+ core design-to-value and -cost experts leveraged
Including firm experts, external experts and seasoned OEM experts across the globe
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DtV/DtC ideas captured exhaustively for EV & Non-EV components and architectural integration
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A strong global supplier database comprising of 150+ suppliers covering all key EV components in 2Ws
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A CAPEX monitor tool provides a view on investment needed based on make vs. buy view across 4 dimensions
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We used EVOLVE to help a client identify growth pockets for electric 2Ws around the world in less than a week
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.