⚡️ Elon`s Master Plan Part 3, EV Owner satisfaction data

Happy Monday, this is Electric Avenue. This edition is written in Munich, the capital of Bavaria. As Bavaria is known for its great variety of beers (some of which may have been consumed by the authors during writing), we’re sending hoppy greetings to our readers. Prost! 🍻

Here's what we have for you today:

• Funding News 📈

• Tesla Investor Day Recap 💭

• 1 Link 🔗

• Meme of the week 🤡

Let's dive in!

Funding news 📈

 A few editions ago we reported about Oil companies buying charging startups. And it happened again:

• Shell acquires evpass, the largest network of charging stations in Switzerland 🇨🇭(3.200 charge points). For Shell, it's not the first acquisition of a CPO. Previously the company acquired NewMotion, Greenlots, Ubitrity, and just recently, Volta. Besides acquisitions, the oil company is also expanding its Shell Recharge fast charging network with a target of operating over 500,000 charging points worldwide by 2025 and 2.5 million by 2030. Check out our updated report on Big Oil investments in EV Charging Companies.

• EO charging secured $80M in funding to expand its business to North America and across Europe. The UK-based company manufactures its own charging station hardware and charge point management solution for fleets and homeowners.

If you want to discover more E-Mobility companies that got funding, check out our recently started EV&Charging funding database. Do you know any E-mobility companies that got funding recently? -> Send us a link to [email protected]!

Tesla Investor Day Recap⚡️

Tesla Investor day aired on March 1st with Elon Musk presenting his Master Plan Part 3 (slides) to eliminate fossil fuels and create a sustainable energy economy. Of course, we have the highlights for those of you that don´t want to sit through the nearly 4hr event recording:

EV Charging Highlights from the Tesla Investor Day [starting from 1:53]

• 9 TWh energy provided in 2022 through EV charging (50% provided via AC-home charging)

• 1.5M weekly sessions across Tesla Superchargers (SuC) -> ≈ 78M fast charging sessions for 2022!

• 99.9% Site-Level uptime for SuC network which undermines the high reliability perceived by charging the customers

• 80.000 charge points including 40.000 superchargers, with the remainder being AC destination charge points

• Reduction of deployment costs for SuCs via pre-built supercharger modules (4 supercharger dispensers + power unit) to save time & costs for installation on-site

• 40% cost reduction of per-kWh Supercharger costs (not energy-related costs - from $0.19 to $0.12) by increasing site utilization in the last 2 years (likely to be enhanced by non-Tesla customers in the future)

• 50% of SuC Sites are currently open in the EU for non-Tesla charging customers (and the first EMP, Chargemap can be added as a payment method), first sites opened in the US (Video Review by mkbhd to watch the magic dock in action) and Australia last week

• 4th generation of SuC is in installation in the EU with longer charging cables which will likely resolve the parking issue for non-Tesla charging customer

• Tesla plans to maximize efforts in the installation of AC charging infrastructure where vehicles are parked during the day to increase the use of renewables energies

• Trip planner - In-Vehicle Navigation

  • Today: Use vehicle and SuC real-time utilization data to route vehicles and reduce wait time & increase site utilisation

  • Roadmap: Prediction of site occupancy based on vehicle routing data

  • Vision: Place trip planner as the "Air-Traffic controller" for electric vehicle charging across all charging infrastructure

• Wireless Charger - in the outlook section called Don’t forget to do cool shit the presentation showcased a new home-charger rendering which looks like an inductive wireless charger featuring a ground pad:

• Bidirectional Charging - During the Q&A section Elon and Drew Baglino commented on Tesla planning to bring bi-directional charging capability to its vehicles within "the next 2 years or so". No word on whether that will be AC or DC-based discharging and the comments still don`t make it feel like the topic is a top priority for the company.

• Unlimited overnight home charging for $30 / month in Texas (harvesting the renewable energy from wind) with Tesla serving as the energy supplier

1 Link 🔗

• Rivian gets some ❤️ : A survey among EV owners in the US has crowned the Rivian R1T as its winner. The R1T ranked highest in "Overall Customer Satisfaction", beating out the Tesla Model 3 and Tesla Model Y on the podium. (Link)

Meme of the Week 🤡

A Reader´s review

Selected ⚡️⚡️⚡️⚡️⚡️ Freakin´ awesome and wrote: 

"Greetings to the Island! Never thought about how meaningless range anxiety can be in that environment :)"

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DISCLAIMER: None of this is financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. The Electric Avenue team may hold investments in the companies discussed.