On-Line Electric Vehicle – the new paradigm for the future of transport

As the world becomes increasingly urbanized, and with structural issues such as peak oil and climate change affecting the ongoing cost of traditional petroleum transport systems, governments and companies are seeking the next generation transport solution.  However, existing transport solutions from trams to trains and electric buses require substantial capital expenditure, considerable changes to infrastructure, and take many years to rollout.  The only viable solution for the future is the OLEV (On-Line Electric Vehicles) Zero Emission Public Transportation Solution.

A next generation technology

OLEV delivers an environmentally sustainable transport solution with vastly lower energy consumption.  Rikesh Venay Ram, Managing Director of Australian Electric Infrastructure and Transport Company (AEIT), explains the strategic advantage of the world-first ‘In-Motion’ wireless power transfer technology, “OLEV is a new ultra-light transport system with no need for overhead or permanent on-ground infrastructure.  OLEV buses are 70% less expensive to operate than Diesel and Gas buses with no emissions. This is a breakthrough technology for electric vehicles.”

The technology works with road-embedded electric power strips providing electro-magnetic power, wirelessly, to electric vehicles charging an onboard battery and powering the electric motor.  By powering an onboard battery this allows the vehicle to leave the network temporarily so it is the only technology that provides continuous operation on both dedicated and semi-fixed route transit systems.

Proven in the market, Global potential

The first OLEV vehicles went into operation in Korea providing the shuttle bus service across the KAIST Daejon campus in 2009. Travelling a 3.7 km circuit around the campus, the shuttle buses are powered by two 5m embedded charging strips, one at each end of the circuit, and one 50m strip on the road.

Mr Ram explains the potential evident in the market, “Based on this initial proof of concept and many other rollouts in Asia, Time Magazine named OLEV one of the World’s Best 50 Inventions, and the World Economic Forum names OLEV Technology as one of ten emerging technologies.”  The OLEV technology has been exclusively licensed to AEIT in Australia for an initial period of 40 years for commercialisation.

Australian rollout

AEIT is focused on winning government and major tenders with its advantages over bus operators for routes.  AEIT will offer managed services to mitigate against financial and operational risks.  This has led key initiatives that are currently in the pipeline.

Griffith University on the Gold Coast has indicated OLEV would be a viable campus shuttle.  This would be extended in 2018 for the Commonwealth Games as a transportation solution for officials and delegates to and from venues.  OLEV will also link up with train stations providing seamless connection with Brisbane Airport.

Discussions with Brisbane Airport Corporation are also advanced for a transport system to transfer passengers between domestic to international airports, as well as linking all Terminals, Car Parks, and other existing businesses and leisure centres in close proximity.

Strategic Growth Plan

This activity has been supplemented with a robust growth strategy to finance its initial projects and provide a working capital runway as new projects fall into place.  OLEV is positioned to capitalize on the demands for new transport solution in all the major cities in Australia.