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Investor Presentaiton

Gtropy Acquisiton, Integration & Outlook Update Q1FY23 Performance • • Our Automotive & Mobility Tech (A&M) market, with its focus on selling our maps, technologies and IoT solutions to both the OEM market of 2 Crore+ new vehicles per year and after-market of 20 Crore+ existing vehicles on road, including fleets, representing very large, multi-billion dollar opportunities for our business to scale in future. By acquiring 76% in Gtropy, an IoT & Logistics SaaS company, and integrating our own complementary after-market retail and fleet loT business with Gtropy's existing offerings, we are creating a dedicated business with a strong leadership team that will dedicatedly focus on rapidly scaling and unlocking tremendous value in a very large, addressable market for us. There are 20 Crore+ existing vehicles on road, a significant portion of which are involved in fleet operations for goods logistics and people transportation. Selling IoT products and SaaS to vehicle and fleet owners, operators and their enterprise customers of these 20 Crore+ existing vehicles on road, is a multi-billion dollar opportunity. The Gtropy acquisition and integration complements our core automotive OEM business which focuses on selling to automotive OEMS our NCASE suite of maps, technologies and loT to embed, from the factory itself, into their 2 Crore+ new vehicles per year and their companion apps and back- end cloud. 10
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