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A thread with everything you need to know about $SBE + @ChargePointnet
- The single largest EV charging network in the world
- "First mover": 13 yrs in operation
- $683M total proceeds: $317M cash in trust + $225M PIPE + $141M cash on hand
- Pro-forma equity value of $3B
- The single largest EV charging network in the world
- "First mover": 13 yrs in operation
- $683M total proceeds: $317M cash in trust + $225M PIPE + $141M cash on hand
- Pro-forma equity value of $3B
The EV x Charging market outlook should be perceived similarly to Gas Stations x ICEs
It& #39;s simple: more EVs beget more chargers
As EV adoption increases, the market is expected to grow to $190B by 2030
Exponential demand is coming, & @ChargePointnet is the leader in the space
It& #39;s simple: more EVs beget more chargers
As EV adoption increases, the market is expected to grow to $190B by 2030
Exponential demand is coming, & @ChargePointnet is the leader in the space
The @ChargePointnet by the numbers
- 115k+ charge points (additional 133k+ locations through network integration)
- 2.5B+ electric miles driven
- 83M+ charges delivered
- 800k+ MWh electricity dispensed replacing 101M gallons of fuel
- 3/4 networked L2 stations are ChargePoint& #39;s
- 115k+ charge points (additional 133k+ locations through network integration)
- 2.5B+ electric miles driven
- 83M+ charges delivered
- 800k+ MWh electricity dispensed replacing 101M gallons of fuel
- 3/4 networked L2 stations are ChargePoint& #39;s
Plenty of Blue Chips $SBE
- 62% of the Fortune 50 use @ChargePointnet
- Strategic investors: @Daimler @BMW @Siemens @Chevron
- Industry-diverse customer base: $GM $PEP $GOOGL $TGT $DELL $JNJ @USTreasury @WholeFoods
- Hayman Capital 9% stake @Jkylebass
- 4k+ different clients
- 62% of the Fortune 50 use @ChargePointnet
- Strategic investors: @Daimler @BMW @Siemens @Chevron
- Industry-diverse customer base: $GM $PEP $GOOGL $TGT $DELL $JNJ @USTreasury @WholeFoods
- Hayman Capital 9% stake @Jkylebass
- 4k+ different clients
Market $SBE
- 73% market share for L2 Charging; $BLNK has 8%
- 80% revenue via charging; 20% via subscriptions
- 28x increase in customer spend over 4yrs
- 1:1 upfront to recurring revenue ratio
- +60% YOY growth expected 2021-2026
- B2B sales minimize capex required for scaling
- 73% market share for L2 Charging; $BLNK has 8%
- 80% revenue via charging; 20% via subscriptions
- 28x increase in customer spend over 4yrs
- 1:1 upfront to recurring revenue ratio
- +60% YOY growth expected 2021-2026
- B2B sales minimize capex required for scaling
Pasquale Romano CEO @ChargePointnet
- Currently sits on the boards of @calstart, AgilOne, & Levitate Capital
- Former board member @Proterra_Inc
- Founded 2Wire (acquired by Pace for $475M)
- 30+ years of tech industry leadership
- Computer science @Harvard; M.S. from MIT
- Currently sits on the boards of @calstart, AgilOne, & Levitate Capital
- Former board member @Proterra_Inc
- Founded 2Wire (acquired by Pace for $475M)
- 30+ years of tech industry leadership
- Computer science @Harvard; M.S. from MIT
In March, @FastCompany included @ChargePointnet on its list of the “10 Most Innovative Transportation Companies of 2020”, a list that opened with $TSLA.
"Charge Point has 100k charging locations... by contrast, Tesla has about 1800"
While true, this is misleading. Here& #39;s why:
"Charge Point has 100k charging locations... by contrast, Tesla has about 1800"
While true, this is misleading. Here& #39;s why:
Most of @ChargePointnet consists of Level 2 AC chargers. It hosts 2k DC fast-chargers in its network
$TSLA hosts nearly 10k DC chargers at 2k locations. They are still the leader in fast-charging by far
However, $SBE overall network is 2x as large in NA and 5x as large globally
$TSLA hosts nearly 10k DC chargers at 2k locations. They are still the leader in fast-charging by far
However, $SBE overall network is 2x as large in NA and 5x as large globally
The point of the comparison is that DC fast charging won& #39;t scale in congruity with EV expansion. Level 2 charging still has a place.
With just < 3% global auto share for EVs, someone plugs into @ChargePointnet every 2 seconds! As EV adoption spreads, imagine the usage & demand.
With just < 3% global auto share for EVs, someone plugs into @ChargePointnet every 2 seconds! As EV adoption spreads, imagine the usage & demand.
$SBE & the EV charging industry are also uniquely positioned to benefit from govt. funding initiatives
In 2016 California Energy Commission provided $4M to @ChargePointnet for a highway charging network
Recently @JoeBiden also mentioned subsidizing 500k new EV charging stations
In 2016 California Energy Commission provided $4M to @ChargePointnet for a highway charging network
Recently @JoeBiden also mentioned subsidizing 500k new EV charging stations
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