e-SPECS · Market maturation of the first electric superbike with digital technology for tuning control and improved safety

The electric motorcycles industry is still lagging behind its electric cars counterpart, mainly due to (i) much lower pressure toreduce emissions (emissions norms applied to motorcycles are currently significantly less strict than for cars, and areexpected to remain as such at least over the next 10 years) and (ii) strong barriers for traditional ICE-based OEMs to moveinto electric technology (which means a radical shift in terms of design & engineering, production facilities, marketing &sales). Yet, high-performance e-motorcycles already represent a large market potential (estimated in the order of €900M)with expected fast growth (anchored on drivers related to environment, technology/performance, and reducing costs) –providing an opportunity for start-ups to take the lead on a blue ocean market space.Fenris is a Danish start-up company focused on high-performance electric motorcycles. The company has developed androad tested two electric superbike (e-superbike) prototypes and is now entering the zero-series development phase for itsfirst model intended for serial production and commercialization. Fenris e-superbike model RR150RR is designed and builtto be the world’s fastest and safest e-superbike outperforming all competitors, including the leading OEMs that still rely oninternal combustion engine technology. Fenris RL150RR will deliver the highest torque and acceleration in the market, whilebeing at least 20% lighter than the closest electric competitor (Energica EGO). In addition, our superbike will be the first“smart” and connected motorcycle in the market – enabling advanced data-driven services to the individual rider and acrossthe value chain (e.g. to component suppliers, insurance companies, etc.).The market roll-out of our paradigm-shifting e-superbike is expected to create a major business opportunity for Fenris,untapping a very significant revenue stream and creating >30 new direct jobs in the first 5 years of commerciali