Investor Relations

LCV Total Addressable Market

$ 132B

LCV Market share
by 2030


RV Global
Market size

$ 57B

RV Class B Market
share by 2030


Why to invest in Reload Motors?

  • Start of the serial production scheduled for Q3 2025

  • First Mover in digital ecosystem, gamification and DLT blockchain technologies for zero-emission vehicles

  • Best IT ecosystem hydrogen components & technologies in cooperation with global leading suppliers

  • Focus on H2 powertrain performance, TCO and connected vehicle technology

  • Uncompromised solution for fleet owners in their transit toward CO2-free future

  • The best TCO and range in class

  • International automotive professionals team

Our strategy

Market trend 2030

Reload Motors strategy

> 30%

of zero-emission vehicles in global fleet


of zero-emisson LCV market share by 2030 (30k units)

> 300k

fuel cell LCV in EU


Strategic partnership with H2 fuelling stations manufacturer

global players

New global and regional zero-emission automotive players

OEM partnership

Partnership with a global OEM for:
> donor platform
> contract manufacturing


Digital distribution and 24/7 online services


DLT secured
Fully IT-connected
Digital Upgradeable
Best-in-class TCO


TCO LCV optimization

vehicle as a service

Сore ‘pay as you go’ flexible model

Sales volumes

Phase 1:
reference volumes

Phase 2:
new specification launch

Break-even point of profitability

sales volume bar chart

Reload business canvas

Targeted customers

Primary — B2B (last-mile delivery, intercity logistics, post, utility, food retail chains, etc.)

Targeted markets

Primary: Europe (Germany, France, UK, Spain)
Secondary: MENA, SEA


Direct & digital sales

Europe LCV 2030 sales forecast, units p.a.


Total Addressable Market (LCV including ICE + zero emission (ZE))


Serviceable Obtainable Market (FC LCV)


Serviceable Available Market (ZE LCV including BEV + FCEV

* Source: IDTechX (2021) forecast
** Reload Motors forecast

Why hydrogen?

Is green hydrogen still expensive?

How fuel cells works?

Can FCEV completely replace BEV?

What technology is more cost eddective BEV or FCEV?

  • Why hydrogen?

    • (Eco-friendly) Zero GHG and air pollutant emission  
    • (Energy Security) Hydrogen produced everywhere by technology and its role as an energy carrier (like a fuel)
    • (Plenty of Resource) Made from water existing over the world
    • (Easy Storage/Transportation) Relatively easier storing and transporting high pressured and liquid hydrogen than other alternative and renewable energies
    • (More Stable Power Generation) Power generated steadily than other renewable technologies (like solar, wind energy)

    Hydrogen will play a key role in the
    decarbonised, sector-coupled energy system

  • Is green hydrogen still expensive?

    Green Hydrogen is currently expensive, but costs are dramatically coming down and become more competitive according to technology enhancement. → It will affect hydrogen sales price down and operating cost down of FCEV

    Hydrogen production cost by renewable energy is estimated around US3,5 $-$7.5/kg in 2020 → US1,2 $/kg-2,7 $ in 2030 → US0,7 $-$1.6/kg in 2030 by a combination of cost reductions in renewable electricity and electrolysers and increased efficiency of electrolysers.
  • How fuel cells works?

    A fuel cell is an electrochemical cell that converts the chemical energy of a hydrogen fuel and an oxygen into electricity through a pair of redox reactions. (Hydrogen is a carrier of energy, not burning itself).

    Reload Van uses PEM - Proton Exchange Membrane - the most commercialized type today, due to its low operating temperature (50–80°C), short start time and ease of use of its oxidant (atmospheric air).
  • Can FCEV completely replace BEV?

    No, we need both FCEV and BEV to accelerate.

    BEVs and FCEVs are often framed as competing technologies. Instead, they are both contributing to the same objective: decarbonizing the fleet of ICE vehicles. Even while sales of BEV have been picking up recently, more than 98% of passenger vehicles and virtually 100% of commercial vehicles on the road are still powered with combustion engines. Each new BEV and FCEV on the road helps to accelerate the transition to decarbonized transportation, which is still in its infancy.
  • What technology is more cost eddective BEV or FCEV?

    BEVs and FCEVs will be TCO optimal in
    different segments in this decade

    Both fuel cell and battery technologies are experiencing drastic cost decreases and are becoming increasingly competitive with combustion engines. Currently, BEVs have a lower TCO than FCEVs in passenger vehicle applications – a trend that will reverse later this decade or in the 2030s in various segments. From there on, FCEVs will have a superior TCO than BEVs in multiple segments, especially in use cases with commercial vehicles.