Investor Presentation 2026
WattDrop

Battery swap infrastructure, e-bikes and e-mopeds for professional delivery riders

206
LFB fires in 2025
42K+
London delivery riders
£400K
Pre-seed raise
SEIS/EIS
Tax-efficient eligible
Download Pitch Deck View Investment Terms Request Data Room
WattDrop Ltd · Company No. 17314732
Incorporated 2 July 2026 · England & Wales
HMRC Advance Assurance Filed
01 / The Problem

A forced market.
Three structural catalysts.

Demand for WattDrop is not discretionary. Three non-negotiable forces are creating an infrastructure gap that cannot be filled by any existing solution.

🔥
206
LFB e-bike fires · 2025
Fire Risk
Riders charge unsafe lithium batteries at home because there is currently no alternative street-level infrastructure. The London Fire Brigade recorded 206 e-bike fires in 2025, one every 42.5 hours, a 93% increase since 2022.
Active engagement: Deputy Assistant Commissioner Richard Field, LFB · Building Safety Regulator
🏙️
32
London Boroughs Under ULEZ
Regulatory Pressure
Full ULEZ coverage across all 32 London boroughs makes petrol delivery economically unviable. Gig platforms are actively directing riders to switch. E-bike adoption is mandatory, not optional, for gig workers to maintain their margins.
Engaged: GLA · Islington Council · Sam Nutt, LOTI
⚡
6–8h
Lost Earning Time Daily
Gig Economy Friction
42,000+ active professional delivery riders in London (LomiDriver Q1 2026) lose 6–8 hours of earning time daily waiting for slow domestic chargers. WattDrop replaces that wait with a sub-60-second swap.
£2.4B UK gig delivery market · 500K+ global SAM
02 / The Solution

DropStation

A smart battery swap cabinet at street level. Riders arrive, open the app, take a charged battery, leave a depleted one. Under 60 seconds. The cabinet handles the rest.

⚡
Sub-60 second swap
Riders stay productive. Zero downtime. No waiting for slow domestic chargers.
🏠
No home charging
Residential lithium fire risk removed at the source. The battery never enters the building.
🔋
Smart grid charging
Off-peak charging at 7p/kWh via Intelligent Octopus Go (11pm–5am). Structural 94% gross margin on energy.
📡
Fleet-ready SaaS
Real-time Cloud-BMS monitoring, fleet management dashboard, OTA upgrades. Deliveroo and Uber Eats-ready.
XPE-12 DropStation
HEXUP · XPE-12BSAINAAR
1
2
3
4
5
6
7
8
9
10
11
12
12 slots · £1,820 per unit · confirmed PI
⚡ Average swap time: under 60 seconds
Safety Stack
Per-slot aerosol suppression Smoke detection Water immersion cut-off Real-time temp monitoring IP54 rated
03 / Why Now

Three catalysts
perfectly aligned in 2026.

01
📋
Fire Data Mandate
The LFB recorded 206 e-bike fires in 2025. The Building Safety Regulator is actively driving policy that treats residential lithium-ion charging as an unacceptable risk. WattDrop is positioned as essential infrastructure, not a product that competes for rider behaviour change.
Active LFB + BSR engagement in progress
02
🚫
ULEZ Enforcement
All 32 London boroughs fall under ULEZ. Gig platforms are directing riders to switch from petrol. The e-bike fleet is growing exponentially regardless of whether swap infrastructure exists. WattDrop is the missing piece that makes the switch viable.
NYC Safe Delivery Bill mirrors London regulatory thesis
03
⚙️
Grid Arbitrage
Intelligent Octopus Go smart tariffs allow off-peak battery charging at 7p/kWh between 11pm–5am. The spread between 7p input cost and swap fee revenue generates structural gross margins exceeding 94% on energy. Not a promotional rate, a structural advantage.
~£0.07/kWh input · 94% gross margin on energy
04 / Market Addressability

The London
launch target.

42K+
Active professional delivery riders
Source: LomiDriver Q1 2026
Independent Delivery Riders
Primary B2C target
~28,000
Deliveroo Fleet Riders
B2B fleet subscription pipeline
~8,000
Uber Eats Fleet Riders
B2B fleet subscription pipeline
~6,000

Global addressable market

£2.4B
UK gig delivery market value
500K+
Global SAM (delivery riders)
21
Cities by August 2029
266
DropStation cabinets by Year 3
Revenue by year (forecast)
£1.2M
Year 1
£7.2M
Year 2
£34.4M
Year 3
05 / Confirmed Hardware Partner

HEXUP Technology

Xi'an, China · Proforma Invoice HXUK2026062501 · June 2026

30,000+
Cabinets installed globally
500+
Clients in 30+ countries
105
Proprietary patents
99.96%
Swap success rate
Founded 2014, Xi'an, Shaanxi Province, China
Certs ISO 9001 / 14001 / 45001, CNAS accredited
Capacity 3 production bases, 3,000+ units/month
Users 500,000+ end users served globally
PI Note Fresh PI being issued to WattDrop Ltd (Co. No. 17314732)
ProductModelSlotsGBP
12-slot DropStationXPE-12BSAINAAR12£1,820
8-slot DropStationXPE-8BSAINAAR8£1,463
VIP SaaS PlatformXPE-HDN-VIP-SaaSn/a£5,519
Annual service feePer slot / yearn/a£8.70/slot
Built-in safety stack (per unit): Per-slot aerosol fire extinguisher (auto-activates) · Smoke detection (main power cut immediately) · Water immersion detection (power cut-off on contact) · Real-time per-slot temperature monitoring · Surge and leakage protection · IP54 dust and water rated · Operating range −20°C to 60°C · Wind resistance Level 10
// Hardware in action
DropStation cabinets · HEXUP Technology · our confirmed hardware partner
HEXUP DropStation battery swap demonstration
Opens on YouTube ↗
06 / Revenue Model

Six streams.
One infrastructure asset.

All revenue streams are driven by the same DropStation network. Capital deployed once, monetised continuously.

1
🏍️
Vehicle Sales
B2B / B2C · Strong Y1 driver
Upfront and leased commercial-grade e-bikes and e-mopeds. The dominant Year 1 revenue line. Provides early cash flow to fund network expansion.
2
🔄
Subscriptions
MRR · Recurring
Predictable monthly recurring revenue from B2C power-users and B2B fleet contracts. Full-time rider subscription at £50/month. Fleet rate at £30/rider/month.
3
⚡
Swap Fees
PAYG · 94% margin
High-margin pay-as-you-go transactions. 7p/kWh off-peak energy in, swap fee out. 94% gross margin on energy. A structural advantage, not a promotional rate.
4
🔧
Aftermarket Retail
B2C · WattDrop Shop
High-margin service bundling from the flagship WattDrop Shop. Maintenance, damage insurance, branded rider gear, and accessories.
5
📊
Data Licensing
B2B · Recurring
Anonymised rider movement data and battery telemetry licensed to local councils, transit authorities, and urban planners. Privacy-first, council-contracted.
6
🏗️
Branded Infrastructure
B2B · White-label
Deploying and leasing white-labelled DropStation cabinets directly to private landlords, logistics operators, and fleet companies.
07 / Unit Economics

Per 12-slot DropStation (XPE-12)

Hardware costs from the HEXUP proforma invoice (June 2026). Indicative figures at target use of 40 swaps a day, the trigger for adding the next cabinet.

Cabinet upfront cost
XPE-12 cabinet, shipping and install~£2,270
14 swap batteries~£1,030
Total upfront cost~£3,300
Monthly economics at target use
Swap and subscription revenue~£5,400
Site−£262
Energy (off-peak)−£200
Platform fee−£9
Net monthly contribution~£4,930
~£5,400
Monthly revenue per cabinet at target use
~£470
Monthly running cost per cabinet
~2 months
Hardware payback on a leased e-bike
08 / Go-to-Market

London unlocks the raise.
The raise unlocks the order.

1
Dec 2026 → Aug 2027
London Launch
  • East London hub opens in December 2026
  • First site: 3 × 12-slot cabinets
  • E-mopeds follow in March 2027
  • 12 cabinets and 757 riders by August 2027
  • At least one fleet pilot with a major platform
  • Funded by this round
2
Sep 2027 → Aug 2028
First Cities
  • Railway arch network across London via The Arch Co
  • Six new cities: Sydney, Manchester, Melbourne, Birmingham, New York, Brisbane
  • 7 cities, 59 cabinets, 4,008 riders
  • Self-funding from February 2028
  • Funded by the round plus cash flow
3
Sep 2028 → Aug 2029
Full Rollout
  • Fourteen more cities across the UK, Ireland, Australia and the US
  • 21 cities, 266 cabinets, 18,248 riders
  • Self-funded rollout
  • A Series A stays optional, to go faster
21-city network · launch sequence
London SydneyManchesterMelbourneBirminghamNew YorkBrisbane BristolLiverpoolEdinburghDublinLos AngelesChicagoBoston+7 more
10 / The Team

Built for this.

Griffith Moore
Griffith Moore
Founder & CEO
Serial entrepreneur with experience across operations, strategy, and venture creation. Leads investor relations, government engagement, and commercial partnerships. Driving the London launch and pre-seed raise. Sole registered statutory director at Companies House.
Ian Hu
Ian Hu
Co-Founder & CTO
Technical lead with deep expertise in hardware integration, firmware, and IoT systems. Responsible for DropStation platform architecture, SaaS integration (HEXUP XPE-VIP), and the product development roadmap from pilot to scale.
Ryan Fisher
Ryan Fisher
Co-Founder & COO
Operations lead based in London. Manages site identification and contracting (Avison Young, The Arch Co), logistics, fleet partnership outreach, and on-the-ground delivery of the Shoreditch flagship launch.
WattDrop Ltd · Company No. 17314732 · Incorporated 2 July 2026 · 71-75 Shelton Street, Covent Garden, London WC2H 9JQ · SIC 52219
Regulatory Engagement
London Fire Brigade: Engagement with Deputy Assistant Commissioner Richard Field on positioning WattDrop as infrastructure that removes in-building battery risk entirely. Teams meeting confirmed.
Building Safety Regulator: Engaged with Charlie Pugsley, BSR, on lithium-ion residential fire policy. WattDrop's model is directly responsive to the regulatory problem BSR is solving.
Greater London Authority: Engagement with Luke Rigg (GLA infrastructure) on ULEZ-aligned e-bike support infrastructure positioning.
Islington Council: Early engagement with Cllr Rowena Champion on local planning, commercial property support, and DropStation site identification.
11 / Financial Projections

Three-year model.

21 cities by August 2029. Vehicles bring riders in; leases, subscriptions and swaps keep them paying (49% of revenue in Year 1, 65% in Year 3). Full model available in the data room.

Year 1 · Sep 2026 – Aug 2027
£1.2M
Revenue · London launch, December 2026
Gross Profit£437K
Gross Margin35.4%
EBITDA−£327K
DropStation cabinets12
Riders757
Year 2 · Sep 2027 – Aug 2028
£7.2M
Revenue · 1 → 7 cities
Gross Profit£3.75M
Gross Margin52.0%
EBITDA£728K
DropStation cabinets59
Riders4,008
Year 3 · Sep 2028 – Aug 2029
£34.4M
Revenue · 7 → 21 cities
Gross Profit£20.18M
Gross Margin58.7%
EBITDA£10.29M
DropStation cabinets266
Riders18,248
Revenue trajectory (£M)
Year 1
£1.2M
Year 2
£7.2M
Year 3
£34.4M
Revenue by stream
Stream
Year 1
Year 2
Year 3
E-Bike Purchase
£323K
£1.41M
£5.82M
E-Moped Sales
£274K
£1.14M
£5.68M
E-Bike Lease
£242K
£1.62M
£7.83M
E-Moped Lease
£95K
£898K
£4.59M
Subscriptions
£74K
£540K
£2.66M
Battery Swap Fees
£199K
£1.47M
£7.25M
Insurance, Maintenance, Accessories
£21K
£91K
£378K
Data Licensing
£5K
£50K
£175K
Total Revenue
£1.23M
£7.21M
£34.37M

Years run September to August. Forecasts are based on current assumptions and actual results may differ materially. Cash bottoms out at about −£380K in April 2027; the forecast is self-funding from February 2028 with all losses repaid by June 2028. Full detail in the pitch deck.

12 / The Ask
£400,000
Pre-Seed Raise · £2.2M Pre-Money Valuation · 15.4% Dilution · £250K SEIS + £150K EIS
£110K
Vehicle stock for launch sales and leases
£60K
Team: the first London hires
£50K
East London hub fit-out
£44K
First expansion cities
£40K
Batteries and DropStations from HEXUP
£40K
Premises
£36K
Marketing and launch
£20K
Technology, legal and admin
50%
SEIS income tax relief
30%
EIS income tax relief
0%
CGT on gains (3yr+)
✓
HMRC Advance Assurance filed
By August 2027 this raise delivers:
A live East London hub and 12 cabinets across London
757 riders in London
£1.2M of first-year revenue
At least one fleet pilot with a major platform
Sydney and Manchester launches underway
Self-funding from February 2028, with no further raise required
Download the Pitch Deck (PDF)
20 slides · September 2026 · Confidential
Get in Touch

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📩
Direct email
gm@wattdrop.com
📍
Registered office
71-75 Shelton Street, Covent Garden
London WC2H 9JQ