Zapp's DFM for Electrification Opportunity in the Two-Wheeler EV Market

Taking Advantage of Significant Trends P2W Market ~$130bn and Expected to Grow with Accelerating Adoption of EVs Market value1 ($bn) ICE² Market $130 60m units $224 76m units 8% CAGR 13% CAGR $64 EV Market $27 2022 EV Penetration 21% 2029 29% 1) Source: Fortune Business Insights, Zapp estimates 2) Internal Combustion Engine. 515-25747 10 8

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