WAE Technologies is claiming that its new Battery Intelligence offering can unlock the potential of shared electric vehicles, using the latest in battery knowledge to optimise mobility-as-a-service (MaaS) fleet operation.
WAE (formerly Williams Advanced Engineering), which was the technical offshoot of Formula 1 team Williams, says that replacing privately owned cars with shared vehicles in urban areas and maximising their utilisation is key to cleaner, greener cities.
While that is a bold claim, there is data to back it up — McKinsey predicts the shared mobility market to be worth up to €5billion in Europe alone by 2030, and research by Nature has shown that shared EVs are capable of reducing automotive carbon footprint by more than 40 per cent by 2050.
By now, we all know that optimisation of batteries is key to minimising total cost of ownership (TCO) whilst maximising the overall value delivered and ensuring the longevity of shared EVs. So what role will Elysia be playing in this? The new Battery Intelligence software by WAE Technologies provides actionable insights and deep understanding.
Appearing at MOVE 2023 at London’s ExCeL from June 21-22, experts from Elysia will be talking about how the deep insights and simulation capability which integrate with fleet management, telematics and deployment software can support MaaS and fleet organisations improve business outcomes for their operations.
Joe Jones, Commercial Lead at Elysia, said: “With increased utilisation of an electric shared vehicle, it becomes imperative to have a full understanding of battery health and lifetime across the fleet. Elysia enables just that, and its actionable insights can then be used to improve battery lifetime or understand the potential trades and opportunities when considering both operational efficiency and battery degradation together.
“For instance, through understanding the effect of rapid charging, usage behaviour and depth of discharge and how to optimise these for utilisation and battery degradation, Elysia enables the life of the vehicle to be prolonged and ultimately seeks to reduce fleet total cost of ownership (TCO). As well as forecasting and enabling longer battery lifetimes, Elysia gives MaaS providers a complete picture of the battery’s health over its life on the fleet, supporting warranty and residual values.”
Elysia seems to be just one stride among many that WAE has been making lately in EV battery tech. Just earlier this week, we reported that it was opening an additional state-of-the-art facility in Banbury, alongside the Kidlington factory, both of the massive facilities generating over 400 jobs in Oxfordshire.
WAE said: “Elysia’s suite of Battery Intelligence technologies draw on WAE’s unrivalled experience in high-performance batteries, gleaned from the sole supply of batteries to ground-breaking electric motorsport series, as well as the design and development of batteries for electric hypercars and mining trucks.”
Jones added: “The route to net zero in our cities is to have relatively few, but well-utilised electric vehicles. This is why shared EVs have so much potential to decarbonise the future of mobility. Private cars get used for just nine hours a week on average3 – a shared EV can replace ten private cars, drastically reducing embedded emissions from vehicle manufacturing, while at the same time improving local air quality.
“However, optimising the management of these shared electric vehicles is crucial, which is where advanced Battery Intelligence supports businesses make more informed battery deployment decisions. Simply put, Battery Intelligence can ensure a shared vehicle operator is able to get the most out of an electric fleet.”
Elysia’s core offering is based around two key products, Elysia Cloud Platform, a cloud-based system which uses proprietary digital twin technology and Elysia Embedded, a suite of state-of-the-art battery management algorithms, which runs locally on the Battery Management System (BMS) of the vehicle itself. Together these products give OEMs, MaaS businesses and fleet operators not only unprecedented access to battery insights but the ability to manage, optimise and enhance performance across the battery’s entire lifecycle.