 Hi guys, I'm Tom Souther from Lightyear, and we foresee a major problem Because car usage is set to double by 2040 and why? Because one billion people are going to rise to the same prosperity level as we are the lucky ones right now So in order to reduce this caused by cars Every major automaker is going to be electric Tesla was the first one everybody is following but Did we consider this? Only 3% of the world has access to charging points Charging points which are delicately needed to drive electric cars So what we can do is heavily invest in upgrading the infrastructure, especially in the blue dots. It's quite expensive or We could create a car which charges itself and We are solving the scaling problem by making a car which is ready for every corner of this planet And we already made two prototypes These are electric cars which drive on solar power which we made we drove these cars in Australia during the world solar challenge and We won three times We competed three times we won three times and we are the first to create a family car on solar power and Now it's time to take the next step We are going to make the electric car that charges itself So what it's looked like you have a range of 800 kilometers and you only need to charge once in two months or three months And we're going to do this like this first we are targeting a high-end market We are going to develop our brand develop the technologies and we start a production and This is the car ready for your high-end market We already sold this car in the Netherlands and we're going to expand to other markets as well We also published our design and this is the media traction We've got from only publishing this picture and From this media traction We got 47 reservations which 16 of them are already being paid So 16 customers already in our company Our roadmap for the next steps is to finish our R&D milestones in June 2018 but remember We are already five years ahead of every other car maker because we have three prototypes already and The next prototype will be ready the end of 2018 And now we need you to join us on our mission. I'm Tom Seldon from Lightyear. I see you in Thank you, Tom perfect and Thank you. Well, I am very curious to see what the jury has to say A question so why do you want to create your own car versus just providing this technology for you know Like existing car producers that know much more about car production than you do. Good question. So we had a Contacts with the OEMs we talked with them about the possibilities of driving on solar power the feedback we've got is That they really do not believe us in the first place We showed that we already made three cars We showed that we can drive 1,000 kilometers on one single charge in Australia and then they say yeah, it's Australia It's just because it's good weather over there But we made our calculations and in the Netherlands we can drive 10,000 kilometers Not with these prototypes, but with the car this car we are going to build so 10,000 solar kilometers with this car and how are we going to do this because We have sort of a different. I think approach of designing a car Normally you think you have an electric car which consumes like an amount of energy and it's a lot and You have solar panel on top which Tesla is doing and it's really small and it's only provides you a little energy So what we are going to do is create a car which consumes as energy We're going to reduce the battery weight If we reduce the battery weight we can reduce the structural weight of the car if you are using carbon Carbon fiber as a material for example we can then again increase the decrease the weight And it's sort of a cycle which are in if you decrease the battery weight We can decrease the weight of your car and if you can decrease the weight of your car you can also heighten your car and underneath the car we're sort of going to create a more smooth way of of Yeah Reducing the aerodynamics so instead of creating a car which looks like the Tesla over there our car is really different So and then again, we also have a solar panel which is four square meters Not this tiny solar panel on a Tesla four square meters of solar energy And then we can level this energy use of the car with the energy yield of the car But you need to build it from scratch upon it's you cannot Implement solar energy on existing cars right now. So that's a long answer to your question Yeah What markets are these reservation coming from and where are you potentially commercializing this? So first the due to service ability we are focusing on the ditch market right now, okay? the most of the reservations are coming from the of course the Netherlands but also from Spain and we have some from the United States But first we need to create a car which is road legal in Western Europe due to homologation And but also service ability because the first 10 cars we need to build They must be the best cars we ever made actually they must have the highest service ability So that every customer the first 10 are so excited about this car That we can sort of build on this brand and that was my slide about the first step first step is to create a brand Of driving energy independent vehicles and this does not exist yet. I keep flipping that What is your competitive advantage besides first moving first more advantage? Sorry? What is your competitive competitive advantage? What are the IPR's so they actually competitive advantage is the fact that I sort of like try to explain it The fact that we designed the car in such a different way that we reduce the weight for example a Tesla weighs 2,000 kilograms we are going to make a car which weighs 700 kilograms providing Four seats and then again we increase our solar panel size and we do it in such a way that So the solar panel size is Independent of the fact that if you hide oneself for example, then not the whole array of cells Thank you, thank you from light here. I think there's more time after to answer questions. Thank you