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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'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'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'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'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's why:
"Charge Point has 100k charging locations... by contrast, Tesla has about 1800"
While true, this is misleading. Here'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'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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Want an insight-driven summaries about your favorite stocks? Follow us.
Thank you for reading.
Other threads:
$TRNE
https://twitter.com/stocktalkweekly/status/1315418176088408065?s=20
$DPHC
https://twitter.com/stocktalkweekly/status/1305292561616003072?s=20
$PIC https://twitter.com/stocktalkweekly/status/1316405256784355330?s=20
