PIVOT EM
Pivot Electric Machines Corp builds new and retrofits existing heavy equipment with economically viable and operational effective “next generation” battery systems.
PIVOT EM
Pivot Electric Machines Corp builds new and retrofits existing heavy equipment witheconomically viable and operational effective “next generation” battery systems.
OUR MISSION
Lithium-Ion battery production is a dirty, high carbon emission process
A battery powered sedan must be driven 150,000 km on clean power before its production cost is carbon neutral with an ICE powered sedan
We are dedicated to transforming the mining and construction industries into carbon neutral businesses that not only supply the green economy but are aligned with the social, climate and economic imperatives of our changing world.
STATUS QUO
Go Green
Mining and construction industries are building the foundation for the green revolution, but they are not green themselves.
The Tech
Existing manufacturers are invested in existing Li Ion/LiFePO4battery technology.
Competition
High energy demands exceed the capacity of current battery energy density and charging capabilities, so existing battery electric equipment is not competitive, except in extreme conditions.
Shift Focus
Major OEMs focus on new equipment sales, anddo not prioritize need for existing fleet conversion from diesel engines to battery power and underestimate the market for competitive equipment in the mining and construction business.
ELECTRIC EQUIPMENT PARADOX
Production of Lithium batteries is an inherently carbon intensive industry and mining is a key component of producing battery metals
Existing battery technology is not efficient, robust or safe enough to effectively replace diesel engines that gobble up diesel at 4 liters/minute.
Mobile equipment accounts for 30% of carbon emissions in mines, more when you add ventilation and air heating.
Next generation batteries and chargers will provide a fast charging, robust, safe and economic solution.
Miners are racing to reduce carbon emissions to maintain social license.
OPPORTUNITY
The Decline
Existing Equipment manufacturers are wed to dead-end battery technology.
Carbon Neutral
Solid State batteries are the pivot that the mining and construction industry needs to move forward to a carbon neutral future
Go Green
Mining and construction companies are under pressure to retrofit existing fleets and go green in new fleet purchases
New Sales
Existing manufacturers ignoring BEV retrofitting to focus on new sales
The Market
Initial focus on Remanufacturing market, which is worth > $100b to Pivot, And a long-term recurring heavy equipment market of $20b/y
Long-Term
Long-term, selling Pivot EM OEM heavy equipment through relationships with remanufactured equipment customers
EXECUTION TIMELINE
To Date
2013
First generation Electric equipment deployed underground
2017
MacassaMine becomes the first all electric mine
Sep 2021
Pivot Electric Machine (PEM) founded
Feb 2022
PEM pick 30-80t battery/motor class for first design and produces conceptual battery
Apr 2022
PEMreserves B0 series batteries for prototype units
May 2022
PEM locks in high level conceptual design of 42t underground truck as first retrofit model
The Future
Q2 2023
Detail design and construction of 42t Retrofit truck
Q2 2023
Expand equipment line to surface trucks up to 400t capacity, follow with OEM BEV optimized vehicles
H2 2023
Pivot Electric Machine (PEReceipt of B0 early production batteries and deployment of prototype test vehicles.M) founded
2024
Further deployment of prototype vehicles, building order book
Q3 2025
Receipt of firstcommercial production solid state batteries and delivery of commercial trucks and shovels.