Investor Presentation 2026
WattDrop

Smart Battery Swap Infrastructure for Professional E-Bike Delivery Riders

206
LFB fires in 2025
42K+
London delivery riders
£1M
Pre-seed raise
SEIS/EIS
Tax-efficient eligible
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)
19
Cities in 36-month rollout
430
DropStation sites by Year 3
Revenue by year (global model)
£5.3M
Year 1
£53.2M
Year 2
£181.2M
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-SaaS—£5,519
Annual service feePer slot / year—£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)

Confirmed hardware costs from the HEXUP proforma invoice. London site assumptions.

Station CAPEX
XPE-12 cabinet (HEXUP proforma)£1,820
12 swappable batteries£720
Install & electrical fitout£500
Enclosure / weatherproofing£200
HEXUP VIP SaaS (amortised, Y1)£460
Total Station CAPEX£3,700
Monthly Revenue Model
Swap fees (70% util, 1.5 swaps/slot/day, £3.50/swap)£1,323
Grid energy cost (off-peak, 7p/kWh)−£13
Site lease contribution−£200
Net Monthly Margin£1,110
~3.3 months
Station CAPEX payback
99%+
Gross margin on energy
7p/kWh
Off-peak charging cost
08 / Go-to-Market

London unlocks the raise.
The raise unlocks the order.

1
Sep 2026 → Q1 2027
London Flagship
  • WattDrop Shop, Shoreditch/Bethnal Green
  • Railway arch strategy with The Arch Co
  • 4 × 12-slot cabinets = 48 battery slots
  • Target: 200+ active subscribers in month 3
  • LFB endorsement conversations in motion
  • Deliveroo & Uber Eats fleet pilot
2
2027
International Launch
  • New York (NYC Safe Delivery Bill tailwind)
  • Sydney + Melbourne (gig wage uplift)
  • Second London site: Bermondsey/London Bridge
  • Fleet contracts converted to mandates
  • Manchester, Birmingham expansion
3
2028 – 2029
24-City Rollout
  • UK: Bristol, Edinburgh, Liverpool, Cardiff
  • US: Chicago, SF, LA, DC, Boston, Miami
  • Ireland: Dublin
  • AU: Brisbane
  • 430 DropStation sites · 18,605 users
19-city network · full launch sequence
London New YorkSydneyMelbourne ManchesterBirmingham ChicagoSan FranciscoBrisbaneLos Angeles DublinBristolEdinburgh Washington DCPhiladelphia LiverpoolBostonMiamiCardiff
09 / Spatial Intelligence

Phase 1: East London Deployment

Proxy mapping of food delivery volume overlaying the Phase 1 infrastructure rollout. Heat intensity represents proximity to Deliveroo Editions, dark kitchens, and dense restaurant clusters.

WattDrop
East London Cluster
Proxy mapping of food delivery volume overlaying the Phase 1 infrastructure rollout.
Active Hubs
1
Cabinets
10
Targeting Strategy
Stations mapped within a 5-minute ride radius of Deliveroo Editions, independent dark kitchens, and dense restaurant clusters (Shoreditch High St, Spitalfields).
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 global model.

19-city network. Six revenue streams. Full model available in the data room.

Year 1 · Jul 2026 – Jun 2027
£5.3M
Revenue · 1 city at launch → 3 cities by year-end
Gross Profit£1.96M
Gross Margin68.6%
EBITDA£893K
DropStation sites34
Active users1,206
Year 2 · Jul 2027 – Jun 2028
£53.2M
Revenue · 6 → 10 cities
Gross Profit£37.97M
Gross Margin67.7%
EBITDA£34.2M
DropStation sites152
Active users6,435
Year 3 · Jul 2028 – Jun 2029
£181.2M
Revenue · 15 → 19 cities
Gross Profit£145.5M
Gross Margin79.2%
EBITDA£136.5M
DropStation sites430
Active users18,605
Revenue trajectory (£M)
Year 1
£5.3M
Year 2
£53.2M
Year 3
£181.2M
Revenue by stream
Stream
Year 1
Year 2
Year 3
E-Bike Purchase
£2.76M
£26.09M
£91.08M
E-Moped Sales
£902K
£9.63M
£27.23M
E-Bike Lease
£426K
£3.94M
£13.70M
Subscriptions
£743K
£7.59M
£26.51M
Battery Swap Fees
£245K
£2.32M
£8.08M
E-Moped Subscriptions
£63K
£1.85M
£8.47M
Insurance, Maintenance, Data
£100K
£903K
£3.06M
12 / The Ask
£1,000,000
Pre-Seed Raise · £4.1M Pre-Money Valuation · SEIS/EIS Eligible
60%
Hardware: DropStation units and battery inventory ordered from HEXUP
20%
London flagship site: Shoreditch fitout, lease deposit, fitout costs
15%
Software: WattDrop app, fleet dashboard, HEXUP SaaS integration
5%
Operations: LFB/BSR endorsement, regulatory, working capital
50%
SEIS income tax relief
30%
EIS income tax relief
0%
CGT on gains (3yr+)
✓
HMRC Advance Assurance filed
This raise funds:
London flagship site (Shoreditch/Bethnal Green) identified and contracted
First DropStation units ordered from HEXUP and operational by September 2026
WattDrop app live with pay-per-swap and subscription tiers
LFB and Building Safety Regulator endorsement conversations active
200+ active subscribers in London within 90 days of launch
Seed round ready: London pilot data, fleet partnership LOIs, 4-city pipeline confirmed
Get in Touch

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or learn more?

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