The Helm’s Post

Congratulations to itselectric on raising $6.5M to expand operations and accelerate curbside #EVcharging across seven US cities in 2024. Pulse Fund is proud to join Failup Ventures, Halogen Ventures, Los Angeles Cleantech Incubator (LACI), and others in providing fresh funding that will bring itselectric’s affordable and accessible EV infrastructure to some of the densest urban areas in the country with key deployments directly supporting Uber's goal of helping rideshare drivers #goelectric. 🌿🔌 itselectric’s chargers are installed and maintained at no cost to cities, utilities, or property owners, and help build the infrastructure that will allow gas cars to be replaced with EVs. ⚡💰 The bonus? Property owners earn passive income – aligning #climateaction with urban living and making cleaner, greener cities a reality. “We’ve got them queued up,” say co-founders Tiya Gordon and Nathan L. King. “The product is done, it’s tested, it’s market-ready, we have them stored and stacked, ready to be put in the ground.” Read more by Irina Ivanova at Fortune:

Uber is investing millions in itselectric, a startup tackling the EV charging infrastructure problem in the US. The company plans to deploy curbside chargers in seven cities, addressing a major barrier to EV adoption. This innovative approach taps into electricity from neighboring buildings, enabling quick installation and providing additional income for property owners. Uber's investment aligns with its goal of achieving net zero emissions by 2040 and supports its drivers who lack home charging options. https://lnkd.in/gSGiJPcW #ElectricVehicles #EVCharging #Uber #itselectric #SustainableMobility #CleanEnergy #UrbanInfrastructure #GreenTransportation #EVAdoption #CurbsideCharging #SmartCities #RenewableEnergy #ZeroEmissions #FutureOfMobility #USAInnovation #ClimateAction #SustainableTransport #EVInfrastructure #RideSharing #GreenTech

The Uber-Revel Deal: A Masterclass in Market-Making The newly announced Uber-Revel partnership over EV charging infrastructure highlights immense opportunities emerging across transportation electrification. But it also exposes risks certain players may face through inaction. On the surface, the multi-year deal seems straightforward - Uber provides financial guarantees, enabling Revel to expand charging sites, while Uber drivers receive exclusive discounts in exchange. However, this represents far more than a simple transaction. Uber is cleverly positioning itself at the center of the urban mobility ecosystem. By aligning interests with a disruptive charging upstart, they're future-proofing their network for an all-electric reality. This preemptive move allows Uber to "reserve" chargers for its fleet before incumbents react, conferring a major first-mover advantage. Meanwhile, Revel capitalizes on Uber's unmatched mobility data and scale to relentlessly deploy chargers exactly where demand will materialize. Minimizing costly overbuilds and dead zones, Revel can leapfrog competitors in optimizing charging utilization - the elemental factor to unlocking profitability. Crucially, this symbiotic relationship accelerates both parties agendas in lockstep. Uber is incentivizing electrification without massive CAPEX. Revel is piggybacking growth atop Uber's massive network before rivals can respond. But the profound implication is how this deal pressures other mobility and charging players to pursue similar alliances. Automakers, utilities, EVSE providers, fleets - any incumbent relying on static models or solo efforts risks obsolescence as disruptors shape the landscape first. Aggressive market coordination to align interests and bundle capabilities has become the new imperative for capturing value in transportation electrification. No stakeholder can go it alone. Those with a line of sight across converging sectors—tech, energy, real estate, transportation—stand to benefit most from this market's churn. Harnessing data for smarter infrastructure planning will be paramount. #electricvehicles #evcharging #mobility #infrastructure #innovation #partnerships #evcharging #electricvehicles #mobilityservices #smartcities #infrastruture #cleanenergy #entrepreneurship #strategicpartnerships #innovation #disruptivetechnologies https://lnkd.in/gx6hS24d

Uber's Q2 Results Are Strong But Do Its Net Zero Efforts at Par? Earnings beat wall street expectations but . . . Read more >>  https://lnkd.in/gnE5Hykz Uber reported a net income of $1.02 billion for the quarter, which included a $333 million pretax benefit from revaluations of Uber’s equity investments. #uber #earningsreport #electricvehicles #carboncredits #carbonoffsets #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonprices #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero

Uber's Q2 Results Are Strong But Do Its Net Zero Efforts at Par? Earnings beat wall street expectations but . . . Read more >>  https://lnkd.in/g8JgWE9C Uber reported a net income of $1.02 billion for the quarter, which included a $333 million pretax benefit from revaluations of Uber’s equity investments. #uber #earningsreport #electricvehicles #carboncredits #carbonoffsets #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonprices #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero

In this special Davos panel, Uber brings together speakers from across the transport world to discuss what steps governments and businesses need to take to speed up the transition to electric vehicles. Transport is both the lifeblood of cities and one of the world's major sources of carbon emissions. That places everyone working on electrification at the front line of tackling climate change, but also brings opportunity. Speeding up the transition to electric vehicles and encouraging shared trips at scale are the best ways to decarbonize transport in cities across the world. Uber drivers are already ahead of the curve, switching to EVs up to seven times faster than the regular motorists - the whole industry can learn from the challenges that they are overcoming on a daily basis. Climate is a team sport. We'll only reach our goals if industry and government partners are just as ambitious year after year. Speakers: • Kamal Ahmed (moderator), The News Movement • Dara Khosrowshahi - CEO, Uber • Greg Jackson - CEO, Octopus Energy • Jane Burston - CEO, Clean Air Fund • Lisa Larroque Alexander - Chief Sustainability Officer, Sempra https://lnkd.in/e5gj_r3E

A Pioneering Shift Towards Green Mobility In the rapidly evolving landscape of sustainable transportation, the recent €100 million investment in FINN by Planet First Partners, which I had the privilege of closely accompanying as a member of the advisory board, marks a significant milestone. This infusion of capital is not just a vote of confidence in FINN’s innovative car subscription model but also a clear indicator of the critical role technology impact funds play in shaping our planet’s future. FINN’s commitment to double its low-emission vehicle fleet to 80% by 2028 is a bold step towards reducing transportation emissions. This goal at FINN, bolstered by the support from Planet First Partners, is not just about achieving business success; it’s about leading a shift towards more sustainable practices in the automotive industry. By making electric vehicles (EVs) more accessible and appealing, they are directly contributing to the acceleration of mass EV adoption—a crucial element in the global fight against climate change. This deal exemplifies the potential of technology impact funds to drive significant environmental change. As someone deeply involved in this process, I can attest to the power of strategic investments in propelling innovative solutions like FINN’s model. It’s a testament to the idea that financial success and environmental stewardship can go hand in hand. At the same time, it’s also a clear message to the market: the path to sustainability and profitability is not only possible but also imperative. Together, we are investing in a greener future for our planet. I encourage everyone to join us in this journey towards sustainable mobility. Your support is crucial in driving the global transition to a more sustainable and environmentally friendly transportation ecosystem. Let’s champion this change together and make a lasting impact for generations to come. Kudos to Nathan Medlock Emil Mahjoub Coline Toulouse-Angeletti Maximilian Wühr Andreas Stryz and everyone else who worked so intensively in making it happen…

One of the more interesting charging startups I've covered lately is making some big moves, and best of all, they're fellow New Yorkers. (Yes, there's more to this space than just the Bay Area and SoCal, if you can believe it.) Here's what you might expect soon enough from curbside Level 2 charging company itselectric and their stylish play on an idea that's already very proven in Europe and the UK: https://lnkd.in/eAAFh79y

🌍✨ We are thrilled to congratulate UpLink Top Innovator itselectric on securing $6.5M to expand operations and accelerate curbside EV charging across seven US cities in 2024! This significant funding will enable the deployment of affordable and accessible EV infrastructure in some of the densest urban areas, directly supporting Uber’s mission to help rideshare drivers go electric. 🚗🔌 itselectric’s innovative chargers are installed and maintained at no cost to cities, utilities, or property owners, playing a crucial role in building the necessary infrastructure to replace gas cars with EVs. Additionally, property owners earn passive income, aligning climate action with urban living to create cleaner, greener cities. 🌿🔋 #EVCharging #ClimateAction #GoElectric #DriveElectric #Innovation #SustainableCities #UrbanDevelopment #CleanEnergy Deloitte Salesforce Citi San Francisco Chamber of Commerce Yes SF Tiya Gordon

The CEO of Uber is right. “While the shift to electric vehicles is one of the few bright spots in the energy transition, I’m seeing too many signals that even the most climate-conscious governments and automakers are slowing down.” I agree: It is *not* time to slow down. From LG to Amazon, almost every company at #CES2024 had something to say about the electrification of transportation. I was impressed with the sensor package enabling "Eyes on, Hands Off" driving technology from Mobileye + Volkswagen (More on that in the comments). On the charging infrastructure side of things, Lincoln Electric captured my attention with their move into DC Fast charging hardware, and I got to see WiTricity’s wireless charging product in person. The industry is evolving, and early movers like ChargePoint are struggling with serious competition. We need a sustained political and economic commitment. Electrification of transportation is a generational commitment and investment in our future. Yes, it’s expensive, yes it will take a long time. We are at the beginning. Stay the course. onwards ⚡️🔋🚘