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Enabling Valuation of Used EVs

Our Client is a savvy start-up that has discovered a way to determine the health and value of electric vehicle batteries. Given the simplicity of electric vehicles overall, their batteries are the primary source of the vehicle’s value. APG Emerging Tech engaged with this start-up to build the online data collection and intelligence to decipher and score electric vehicle batteries.

Opportunity

Our Client is a savvy start-up that has discovered a way to determine the health and value of electric vehicle batteries. Given the simplicity of electric vehicles overall, their batteries are the primary source of the vehicle’s value. If a consumer was able to identify a higher-mileage electric vehicle, but that has recently had its battery replaced, they will have stumbled upon a great vehicle that can last them hundreds of thousands of miles.

The problem is that used car dealerships, warranty companies, and insurers do not have a means by which to assess an electric vehicle’s battery condition - until now.

APG Emerging Tech engaged with this start-up to build the online data collection and intelligence to decipher and score electric vehicle batteries.

Approach

Our consultants engaged with our client’s leadership and engineering team to understand exactly how their data collection process works. This was critical given this is a method that combines a hand-held hardware device and related web services to collect and decipher the data.

The data is complex! Extensive analysis of the data and its variations was required to arrive at reliable calculations. As with any motor vehicle, the data is dynamic and changes based on how much and how the vehicle is used.

We executed a thorough analysis, design, and definition of the web application. This enabled our client’s stakeholders to review both a prototype of the web front-end design and the supporting written requirements.

APGET quickly built an MVP of the web application to receive, decipher, and present the data in a “Carfax-like” report.

Further, we used our own employees’ electric vehicles to test the end-to-end process of collecting, sending, and reporting the data.

Outcomes

We are privileged to help this start-up achieve its goals! All teammates involved share the feeling of excitement that “we were there” when this product was invented, because we know it is going to gain fast attention and offer tremendous value to the automotive industry.

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