Will Electric Vehicle Companies Surpass Trillion-Dollar Tech Giants - Seite 2

Steer is a new all-inclusive, monthly, risk-free car subscription service that is 100% electric, plug-in and hybrid. And it is predicting that transportation is ready for another round of evolution. The success of subscription based 'leasing' models is already well documented, and this simple concept could be at the core of the next major disruption in the auto industry.

We've already seen it with electric bikes and scooters. But this step could change everything. Imagine being able to have a clean, convenient, quality-controlled electric vehicle personally delivered to you whenever you needed it. Without the hassle of maintenance or insurance. And it's affordable.

Better yet, you aren't investing in something that immediately loses its value as soon as you drive it off the lot. It's one answer to the last remaining hurdle of full-on adoption of EVs. And unlike leasing a car—there's no mileage limit. And the growth runways are phenomenal when you consider that 70% of Steer members have never even driven an EV before. That means that these are new converts.

Anyone who couldn't afford to ride an EV before, can now, with Steer. But it's a diverse collection that allows users to drive pretty much any EV, hassle-free, including an Audi e-Tron or a Hyundai Kona, both new all-electric SUVs with ranges of over 250 miles.

Food: The $26B Shared Mobility Vertical

Facedrive (FD; FDVRF) was the first ride sharing company to see the "impact investing" writing on the wall. It saw where things would go wrong for Uber, which completely ignored sustainability.

It saw what would happen when studies showed that ride-hailing results in nearly 70% more pollution than whatever transportation it displaced. Then Facedrive launched an ESG coup: The were the first to offer customers an EV option, and then to plant trees to offset their carbon footprint. Then they applied that same "people and planet first" business model to a second vertical: Food delivery—the carbon-offset version. 

Facedrive's acquisition of Foodora from Deliver Hero positioned it near the top of Canada's food delivery hierarchy overnight. And Foodora's former owner Delivery Hero is the rare food delivery company not carrying around negative reputational baggage for bullying customers and restaurants at a time when they are struggling to make ends meet. They are international giants with services in 40 countries and a portfolio of over 500,000 restaurants. And Facedrive's new acquisition has hit the ground running …