Powerswap is an innovative company which has developed an autonomous battery swap system for electric vehicles. Instead of connecting a charging cord, Power Swap automatically exchanges discharged batteries with fully charged ones in 3 minutes - less time than it takes to refuel a petrol or diesel vehicle. With Power Swap, time-consuming charging and range anxiety is eliminated, leveraging the EV market potential beyond early adopters. Some benefits: ▪ The battery is swapped in 3 minutes - faster than fuelling an ICE car ▪ The vehicle is not blocked from usage during charging ▪ The swap is made in automatic drive-thru fashion ▪ The cost per 10 km for the end-users is only 1,5 SEK ▪ EVs can be sold without the batteries, which are leased instead - reducing the price with up to 30 % and ensuring access to the latest battery technology ▪ Minimal stress on the grid, and on the batteries, as more time can be dedicated for charging in the storage ▪ The battery storage can be used for renewable energy storage ▪ The storage can provide grid balancing services (V2G) and peak shaving ▪ An infrastructure can be established faster and at 1/10 of the cost compared to installing the corresponding network of charging poles