Quarterly Cling, 02.03.2023

Hello and welcome to Cling’s newsletter (edition iv) - an update on our latest developments during the previous quarter.?

Trading momentum, team expansion, and battery shipments have continued at pace. Every week that passes demonstrates the need of improved digital infrastructure to enable battery circularity.

By the end of this newsletter, you’ll have greater awareness of activity on?logistics,?trading,?team development,?and?marketing.

????Ongoing investments into logistics expertise

• Sitting at the center of an ecosystem of supply and demand enables Cling to optimise logistics routing and costs.
• With our growing experience of coordinating shipments of batteries all around the world, we have evolved our services in generating and managing shipping documents - services that have been used by car dismantlers, OEMs, other traders, as well as shipping companies.
• More thoughts on the world of battery logistics in our latest?Blip ?(a new short-form blog).

If you want to know more about shipping batteries, do get in touch with Cling’s Supply Chain Manager?Axel Wimby .

????A world-first trade

• A particular highlight for us was concluding our first trade with an OEM for their European stock of warranty batteries. The batteries are all between 65-70% State Of Health (SOH), which makes the trade one of the world’s first, if not the first, commercial trade of batteries with relatively?low SOH to second life deployment.
• The deal was enabled by multiple what-if agreements and various terms that distribute the risk between the sellers, Cling, and the buyers.
• Trading performance continues to grow larger every month with 9 MWh traded in the year to date (YTD) 2023.

For any sales or trading enquiries do get in touch with Cling’s Sales Director?Elias Kull .

????Team FTEs approaching double digits

Cling’s team now has 9 full time team members and 5 part time. Our newest recruits include:

• Bárbara Kógus , frontend developer with a degree in Forest Engineering, i.e, sits on a kickass combo of coding and a passion to preserve the world’s delicate natural resources.
• Mammad Mammadli , front-end developer, previously at Proxify, Mammad is based in Baku and expanding Cling’s international footprint even more.
• Diana Cristina Culincu , Diana will be building out Cling’s capabilities in the exciting world of AR as part of her master’s thesis. Prior to beginning her latest studies in Visual Computing and Communication she was at IBM for 5 years as a data specialist.

We’re also recruiting for the following roles to join our journey:

• Battery Sales Specialist , driving the development of new sales processes and working closely with domestic and international buyers and sellers of used EV batteries.
• Data Engineer , responsible for designing, building, and maintaining the data infrastructure that supports our platform.
• Product Owner , responsible for ownership of the product roadmap and strategy, and working closely with our Tech Lead to manage and prioritize the backlog.

???Market & marketing

Podcasts: for any readers and company followers looking for some longer form discussions from Cling team members, our latest podcast appearances include:

• An episode with?Digitala Influencer Podden ?(SWE) by Cling CEO William Bergh.
• An episode on?The Power Current ?with sector expert Chris Berry by William and Eden Yates (marketing lead).?

Articles: in a sector with major news developments every day, the recently unveiled Battery Passport is one such example. We’ve written a short?piece ?examining how it can all play out.

Conferences:

• Cling will be making a (digital) appearance at?China Intl Li-Ion Battery Recycling Week ?in May, returning to a major event we first were involved in 2021. William will be giving a presentation on “Incentives and Infrastructure Across the Value Chain”.

???Asks

The speed of acceleration of this market depends entirely on collaboration and our common ability to think beyond linear supply chains.

Here are our current asks:

• We are building a network of battery dismantlers and testers to be able to test batteries across the globe - do you know anyone that should be part of it? Feel free to let us know
• Got supply or demand? Feel free to let us know
• Feature requests? Feel free to let us know
• Coming to Stockholm? Gothenburg? Malmo? Baku? Feel free to reach out for a coffee (or a ??) with the team.

Thank you for taking the time to read this