LIT ENERGY NETWORKS (VIETNAM) CO.,LTD

LIT Energy Network Australia Pty Ltd (LIT) is a visionary company committed to transforming urban transport in Vietnam through an innovative electric scooter and battery swapping network.

The company operates through its wholly owned subsidiary, LIT Energy Networks (Vietnam) Co., Ltd., registered in Vietnam.

LIT Energy is on track to list on the public markets through its listing vehicle, SRY, which is currently in the process of being implemented.

This strategic move ensures access to equity and debt markets, allowing LIT Energy to secure funding for its growth and expansion.

By leveraging the public listing process, the company provides a clear and transparent exit for investors while strengthening its capital structure.
With a mission to promote sustainable transportation, LIT Energy aims to reduce Vietnam's dependence on fossil fuels by providing high-quality, affordable electric scooters supported by a robust and accessible battery swapping infrastructure.
Products and Services:
1. LITGo offers a diverse range of electric scooters designed to meet different customer needs and budgets. Each model prioritizes safety, comfort and performance, appealing to both environmentally conscious consumers and delivery drivers.
2. Battery Swapping Station Network:
A comprehensive network of battery swapping stations will be strategically located in high-traffic urban areas such as Ho Chi Minh City and Hanoi.
These stations allow users to swap out a depleted battery for a fully charged one within minutes, solving range anxiety and providing unparalleled convenience.
3. The LITGo mobile app will allow users to locate battery swap stations, track battery status and manage their accounts seamlessly.

Advantages:
1. Strategic Partner: Viettel Post:
Nationwide Deployment:
LITTLE’s partnership with Viettel Post provides access to 27,000 branches and service points, enabling widespread deployment of battery swap cabinets across Vietnam. This ensures that both urban and rural consumers can conveniently access LITGo’s services.
Electricity Price Advantage:
Viettel Post offers preferential electricity prices, allowing LITGo to purchase electricity at VND3,800 per kWh and sell it to consumers at VND16,250 per charge, ensuring competitive operating costs.
Cross-Sell Opportunity:
LITTo will leverage Viettel Post’s large customer base to cross-sell its electric scooters, driving revenue growth and consumer adoption.
Potential Strategic Investment:
Viettel Post has the opportunity to evolve from a strategic partner to a strategic investor, providing additional financial support for LITGo’s growth.
2. Experienced Management Team:
LIT Energy’s management team combines diverse expertise in technology, finance, operations and strategic leadership. Together, they are well positioned to execute the company’s vision of transforming Vietnam’s urban transportation landscape.