NTU-Arrow Invent Lab in Singapore supports local start-ups to make the benefits of technology accessible to the many

SINGAPORE - Media OutReach - 26 October 2022 - Global technology solutions provider Arrow Electronics, Inc. (Arrow) announces its support to Oyika Pte Ltd (Oyika), a Singapore start-up, in building battery swapping and charging solutions for electric motorbikes (e-motorbikes).

According to an article¹ released by McKinsey in June, "Capturing growth in Asia's emerging EV ecosystem", the transport sector is one of the largest sources of greenhouse gas (GHG) emissions, so electric vehicles (EVs) "will be pivotal for meeting the climate change challenge in Asia". McKinsey estimates that EVs "could contribute around 14 percent of emission abatement potential" between 2018 and 2050.

Southeast Asia is one of the world's largest motorbike markets, with more than 85 percent of households owning one. However, less than 1 percent are electric. According to Statista's report², the leading concern for buying an EV was the lack of an EV charging infrastructure.

Oyika helps accelerate and lower the barriers to EV adoption by setting up a network of battery swap stations and charging infrastructure for e-motorbikes, which operates seamlessly with its swappable smart batteries and mobile application. Its battery swap service is bundled with third-party e-motorbikes through affordable subscription plans, similar to telco subscription plans bundling data and calls with third-party mobile phones.

Oyika solves three primary pain points for e-motorbike adoption, i.e. range anxiety, long charging times, and the upfront purchase cost of batteries. Having its smart batteries powered by affordable and reliable advanced electronics, which Arrow offers, Oyika collects reliable and valuable data to improve the efficiency of its batteries, thereby enhancing performance and prolonging battery life.

Making the benefits of technology accessible to the many

To support local start-ups such as Oyika, Arrow established the NTU-Arrow Invent Lab in collaboration with the Nanyang Technological University, Singapore, in April 2022. It is one of five worldwide Arrow Open Labs in key technology and innovation hubs. NTU-Arrow Invent Lab is an innovation and experimental platform where technology start-ups develop ideas, unleash creativity, and bring their inventions to life as they tap into Arrow's global resources.

Arrow offers engineering guidance in power management, IoT (Internet of Things) telematics, battery management and component selection to help Oyika customise its core technology offering. Arrow engineers help Oyika develop its 4G IoT telematics which includes:

• Tracking vehicle speed and location
• Monitoring battery condition (parameters such as voltage, current, charge and discharge rate, temperature, vibration and humidity) to better track the location and health of its batteries and to ensure optimal performance
• security and safety measures to prevent theft and loss of batteries and vehicles

Creating a sustainable future with technology

"We appreciate Arrow's support in our development journey. Arrow's established international network offers priceless value to start-ups like us to access the latest technologies and connect to world-class suppliers. With the support of the NTU-Arrow Invent Lab, our team could tap into Arrow's engineering resources and tools. Today, we are proud to see our battery swap solutions deployed and supporting e-motorbikes in Cambodia and Indonesia," said Roderick Chia, co-founder and Chief Technology Officer of Oyika.

"Sustainability is important to our everyday life, how we live, work, and commute. With Open Labs, Arrow is proud to empower local start-ups like Oyika to create a better tomorrow, leveraging technology to drive sustainability. By offering our engineering consultancy, design-for-manufacturing support, go-to-market resources and expertise to Oyika, we together create a cleaner and leaner mobility solution," said Jacky Wan, Arrow's vice president of Engineering for Asia-Pacific.

Between October 5 to 7, Arrow participated in EV Indonesia 2022, a three-day premier event for EVs and manufacturing solutions, to showcase its range of innovative mobility solutions, including Oyika's battery swap offering for e-motorbikes.

Hashtag: #ArrowElectronics

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.

Learn more at https://FiveYearsOut.com

About Oyika

Oyika is an e-mobility start-up that aims to lower the barriers to EV adoption in Southeast Asia, beginning with a battery swap service bundled with an electric motorbike, made available through affordable subscription plans. Oyika has successfully rolled out its EV subscription plans in Cambodia and Indonesia, and is ready to launch in Malaysia, Thailand, and Vietnam.

Website: http://www.oyika.com
Video: https://www.youtube.com/watch?v=8b307KO0UUM