This week's EVPowerPulse newsletter (#46)⚡️
Public charging reliability worsens, Massachusetts launches V2X program, and we profile Senator Todd Young and Deputy Secretary of Energy Nominee James Danly
https://t.co/Z8fqUOUeVv
More EV charging startups raising capital.
Detroit-based Treehouse raises $10M to make installation of home EV chargers easier.
"There's not a series of hand-offs between different companies in the marketplace ... We own the customer experience end to end, and we deliver the job through licensed electricians who work for Treehouse."
If you’re an entrepreneur or investor now is a GREAT time to be looking at the EV charging sector.
The convergence of technology, customer demand, government spending, and venture capital is unprecedented.
The companies created, technology developed, and careers started in the EV charging space over the next few years will shape our economy and infrastructure for future generations.
𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦𝐬 𝐚𝐫𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭
1. Shortage of EV charging stations across the US
2. Shortage of EV technicians to service growth of EV charging stations
3. Potential EV buyers have “range anxiety”
𝐓𝐡𝐞 𝐓𝐚𝐢𝐥𝐰𝐢𝐧𝐝𝐬 𝐚𝐫𝐞 𝐚𝐛𝐮𝐧𝐝𝐚𝐧𝐭
1. Significant government investment
2. Advances in EV technology (e.g. batteries, bi-directional charging)
3. Increasing consumer demand for EVs
𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐢𝐬 𝐟𝐮𝐞𝐥𝐢𝐧𝐠 𝐄𝐕 𝐜𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
💰@terawattinfra raised $1B in Series A funding led by Vision Ridge Partners (January)
💰@FreeWireTech raised $150M in Series C funding led by Koch Strategic Platforms (February)
💰@itselectric_co raised $2.2M in pre-seed funding led by @bklynbridgevc (March)
💰@ElectrifyAm raised $450M in Series D funding led by @VW (April)
#evcharging #entrepreneurs #ventureinvesting #hiring
🚀 Introducing @chargecorps 🚀
@ridiamond and I co-founded ChargeCorps to ensure the reliability of America’s EV infrastructure through the creation of workforce development programs and expansion of employment opportunities to underserved communities.
Pumped for what’s ahead!
I cofounded @hiptrainfitness w/ @squidwardjoshua to make live 1:1 personal training & consumer wellness more affordable and convenient.
Six months ago we were acquired by @ThisIsFORMELife and last week FORME went public.
Excited for this next chapter!
https://t.co/hnWrM7IBTQ
@PickensAllison@ttunguz@redpointvc A great discussion and helpful framework when thinking about the operational needs of your business and how/when to hire a COO.
Extremely saddened to hear of Arne Sorenson’s passing. My wife has worked at @MarriottIntl for 14 years and spoke often of his leadership, integrity, and authenticity. His death is a huge loss for the business world, @Marriott employees, and our local community.