Client
Entrepreneurship Hackathon ((London Business School)

Client
Entrepreneurship Hackathon ((London Business School)

Year
2024

Year
2024

Category
EV, Sustainability, Circular Economy

Category
EV, Sustainability, Circular Economy

SECONDlife

SECONDlife

A SaaS platform that turns EV fleet batteries into financial instruments — funding the transition to electric, connecting fleets to the grid, and building a circular economy around every battery's second life.



A SaaS platform that turns EV fleet batteries into financial instruments — funding the transition to electric, connecting fleets to the grid, and building a circular economy around every battery's second life.



A SaaS platform that turns EV fleet batteries into financial instruments — funding the transition to electric, connecting fleets to the grid, and building a circular economy around every battery's second life.



Problem

Problem

Problem

By 2035, all new UK commercial vehicles must be electric. For fleets with 80 diesel vans, the challenge is funding a transition that could cost millions, especially when lenders cannot properly value EV batteries.

Batteries make up 40 to 60 percent of replacement cost, yet lack certified health records, making them invisible to finance providers.

At the same time, parked fleets hold untapped energy that could earn revenue in grid markets each night

Capital Barrier

No certified battery health data means lenders can't price EV fleet risk — blocking competitive financing for the transition.

Financial

Battery Health Unknown

SoH is the most critical EV metric yet no platform provides certified records usable as collateral documentation.

Technical

Second Life Unrouted

300 GWh of batteries retire by 2028. Without health provenance data, they can't be valued, graded, or routed to optimal reuse.

Circular Economy

Market Opportunity

£500M+

Total Addressable Market across three growth rings

5M+

UK commercial vehicles mandated to electrify by 2035

300 GWh

Battery capacity retiring globally by 2027–28

2027

EU Battery Passport mandatory deadline

Market Research Resources

Market Research Resources

Core Hypothesis

Core Hypothesis

Core Hypothesis

Fleet operators will adopt a unified EV management platform primarily if it reduces operational cost, but they will remain and pay premium rates only if that platform converts their battery assets into accessible financial value through certified health data, grid revenue, and collateral-backed financing.

Solution

Solution

Solution

SECONDlife is a SaaS platform. Each module is independently valuable but architecturally designed to feed data upward into the battery intelligence and financial layers. Every operational touchpoint generates data that improves the battery health and the health model unlocks financial value no competitor can access.


Our platform addresses the environmental and economic challenges of expired EV batteries by repurposing them for secondary applications. Retired batteries, still holding significant energy, are transitioned to new uses, such as stationary power storage for homes and businesses. This involves assessing each battery's residual capacity, sorting by quality, and refurbishing for optimal performance.

SECONDlife is a SaaS platform. Each module is independently valuable but architecturally designed to feed data upward into the battery intelligence and financial layers. Every operational touchpoint generates data that improves the battery health and the health model unlocks financial value no competitor can access.


Our platform addresses the environmental and economic challenges of expired EV batteries by repurposing them for secondary applications. Retired batteries, still holding significant energy, are transitioned to new uses, such as stationary power storage for homes and businesses. This involves assessing each battery's residual capacity, sorting by quality, and refurbishing for optimal performance.

Fleet Owners

Fleet Owners

Fleet Owners

Fleet owners can benefit from this program by using end-of-life electric vehicle batteries as collateral for securing loans, which helps manage cash flow and provides financial flexibility. When a battery reaches the end of its vehicle life, it still holds value in its materials and potential for repurposing. The fleet owner can leverage this value by partnering with a loan institution that accepts the battery as security, receiving funds upfront based on the battery’s worth.

This approach reduces immediate financial strain, supports fleet expansion or upgrades, and enables the fleet owner to reinvest in their business. As the battery is upcycled, the loan is repaid over time, creating a circular benefit cycle that enhances both sustainability and economic growth for the fleet.


Fleet owners can benefit from this program by using end-of-life electric vehicle batteries as collateral for securing loans, which helps manage cash flow and provides financial flexibility. When a battery reaches the end of its vehicle life, it still holds value in its materials and potential for repurposing. The fleet owner can leverage this value by partnering with a loan institution that accepts the battery as security, receiving funds upfront based on the battery’s worth.

This approach reduces immediate financial strain, supports fleet expansion or upgrades, and enables the fleet owner to reinvest in their business. As the battery is upcycled, the loan is repaid over time, creating a circular benefit cycle that enhances both sustainability and economic growth for the fleet.


Website

Website

Fleet owners can monitor and manage their electric vehicles seamlessly through an online platform that offers real-time data tracking and comprehensive insights. The website provides features such as battery health monitoring, energy consumption analytics, and route optimization suggestions. Additionally, fleet owners can view maintenance alerts, track vehicle locations, and access financial summaries related to operational costs and savings. This centralized dashboard empowers fleet managers to make informed decisions, enhance vehicle performance, and maximize cost-efficiency while ensuring the smooth operation of their electric fleet.

Fleet owners can monitor and manage their electric vehicles seamlessly through an online platform that offers real-time data tracking and comprehensive insights. The website provides features such as battery health monitoring, energy consumption analytics, and route optimization suggestions. Additionally, fleet owners can view maintenance alerts, track vehicle locations, and access financial summaries related to operational costs and savings. This centralized dashboard empowers fleet managers to make informed decisions, enhance vehicle performance, and maximize cost-efficiency while ensuring the smooth operation of their electric fleet.

Click here to view the demo

Click here to view the demo

Click here to view the demo

Click here to view the demo

Revenue Streams

Revenue Streams

Revenue Streams

Interest Payments

Interest Payments

On top of the lease repayment, the business can hedge/trade around the ownership of the precious metals that are contained within the battery.

On top of the lease repayment, the business can hedge/trade around the ownership of the precious metals that are contained within the battery.

Battery Recycling/ Up-cycling

Battery Recycling/ Up-cycling

Generating income through the recycling or up-cycling of batteries, contributing to a circular economy and sustainable practices.

Generating income through the recycling or up-cycling of batteries, contributing to a circular economy and sustainable practices.

Growth Model

Growth Model

Growth Model

Initial Phase: Returns via interest and Hedging

Growth Phase: second life of the batteries

©2024 ATHARVA SHELKE

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©2024 ATHARVA SHELKE

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©2024 ATHARVA SHELKE

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