The fate of the $2-trillion auto industry is now sealed: In this double disruption thats defying the global pandemic, Tesla (NASDAQ:TSLA) has gained over 433%, sailing past a $1,500 share price and a $300-billion valuation.
And absolutely everyone tied to this industry is catching the tailwinds.
EV startup Fisker opted to go public right at this time, seeing the industry writing on the wall.
Blink Charging (NASDAQ:BLNK) has gained 257% since June and is still climbing.
But investors eyeing more--and less obvious ways--to profit from the EV surge is this tie-in: The company that upstaged giant Uber and Lyft on the ESG Investing scene to bring the world the first-ever ride-hailing platform with an EV angle.
The next in line that could benefit from the massive EV surge is Facedrive (TSXV:FD,OTC:FDVRF), the startup leading the Canadian evolution of shared mobility--from EV and carbon-offset ride-sharing to acquisition-hungry food delivery, healthcare services, even COVID tracing tech--and much more.
There were EVs before Tesla. But no one wanted to drive them. Elon Musk changed that.
In the same way, there was ride-hailing before Facedrive. But it had no impact investing appeal. Facedrive is changing that.
Big money is no longer willing to risk it all on high-growth prospects with no ESG angle. Thats because ESG, or environmental, social and governance investing has become synonymous with risk mitigation, whether its related to climate change, human rights or simply good governance.
Facedrive has the new business model designed to lure in this big money.
Its sharp, sleek, ultra-high-tech, eco-friendly and comes with a complete ESG value chain of services.
Its the first to offer riders a choice of EVs and hybrids, and to plant trees to offset its carbon footprint.
Its the first to bring cities and communities on as stakeholders, and to treat its drivers as people who deserve living wages.
Its the first to truly view ride-sharing as one part of a much bigger ESG shared mobility picture that all hinges on the most advanced technology.
Now, its starting to go international, and even giant Amazon (NASDAQ::AMZN) has taken notice.
A series of smart acquisitions, new service launches and FAANG-level and Tier-1 corporate partnerships have positioned it to be a key challenger to the shared mobility throne.
The news flow has been fast and furious even beyond acquisitions, with corporate tie-ins to Amazon and Canadas Telus telecoms giant and even government endorsement for its high-tech COVID tracing and its planned to start flowing even faster.
Here are 6 Reasons to keep a close eye on this space:
#1 Facedrive: The New ESG Poster Child
ESG Investing isnt just a trend--its a megatrend. And it isnt just a megatrend, even. It hit that status in 2018 at the $30-billion mark.
Now its a craze thats tied sustainability directly to risk mitigation instead of morals. In other words, its where the big money is flowing, and where the big money is to be made.
Just ask BlackRock, which has now replaced Goldman Sachs to become the King of Wall Street.
Facedrive (TSXV:FD,OTC:FDVRF) is about sustainability across its entire chain of ESG-focused services and revenue streams.
Thats because it saw the trend coming in advance--way back in 2016.
It saw where things would go wrong for Uber, the first ride-sharing giant that completely ignored sustainability--not to mention profit--with studies showing that ride-hailing results in nearly 70% more pollution than whatever transportation it displaced.
Thats where Facedrive launched its ESG coup: Offering customers a choice theyve never had in ride-hailing. Facedrive customers can choose from EVs, hybrids or conventional cars, and then rest assured that part of the CO2 footprint they might leave behind is offset by Facedrive tree-planting. Globally each year, plants remove about 25% of the carbon emissions produced by human activities
And this premium environmentally-friendly service doesnt come at a cost premium, nor do drivers lose out on fares for the green initiative.
That puts Facedrive at the lucrative crossroads of two megatrends: The disruption of the global transportation service industry heading towards $7.5 trillion in 2023 and the ESG investing trend that has far more demand than supply right now.
And while green ride-sharing will be pinging the radar of ESG-hungry investors on Wall Street, Facedrive has a major lineup of other services that all tick the rider-relationship revenue box and all play into the sustainability trend ...
#2 Partnership Deals With Corporate Giants
When Facedrive officially launched its Corporate Partnership Program on June 30th, to anyone paying attention, it was a huge deal because it included giant Amazon--just for starters.
Both global e-commerce giant Amazon and Canadian Tier-1 telecoms giant Telus jumped in on Facedrives corporate partnership program. And that news flew right under the radar because it wasnt officially announced and was revealed only after Facedrive released its Q2 earnings report.
That means both giants will be Corporate partners of Facedrive and that their employees will receive preferred rates on Facedrive products and services.
And they wont just be using Facedrive in Canada, theyll be helping it expand its technology infrastructure around the world as Facedrive branches out internationally.
With Amazon and Telus on board, more companies are likely to join.
What theyre following is the ESG trend on a very large portfolio of sustainable services that all take advantage of wider potential of rider-platform relationships.
Theyre also following what has become a clear challenge not only to giant Uber, but to the entire food delivery industry, too.
#3 Storming the Food Delivery War Zone
Facedrive (TSXV:FD,OTC:FDVRF) is pursuing aggressive expansion in this space--but is not prepared to pay premium prices like Uber has been.
On July 10th, Facedrive finalized a deal to acquire the assets of Foodora Canada, a subsidiary of giant Delivery Hero--the $20-billion multinational food delivery service operating food delivery services in 40 countries and services over 500,000 restaurants. And its a brand that doesnt have the negative reputational baggage of Uber Eats or DoorDash.
Facedrives acquisition of the Foodora Canada food delivery business gives it hundreds of thousands of user contacts and over 5,500 new restaurant partners, making the launch of Facedrive Foods a major power play in Canada.
The deal comes at a time when the food delivery segment is undergoing a global war thats even more intense than the streaming wars. Its also a war that is likely to result in premium-price rival takeovers. After all, by 2027, the global food delivery business is expected to be closing in on $100 billion.
Overnight, Facedrive is set to position itself into the top echelon of Canadian food delivery services. The next move is international expansion.
#4 Government Endorsement of Proprietary COVID Tracing Tech
Facedrive engineered a major coup at the height of the COVID pandemic, launching TraceSCAN, a homegrown Canadian COVID-19 tracing solution and the only well-known viable application that features Bluetooth wearable tech integration.
Its also got one of the biggest labor unions in the world on board, and more recently--official endorsement from the Government of Ontario.
Facedrive has now partnered with LiUNA--one of the largest labor unions in the world--to help protect the health and safety of its 130,000 members and their families in Canada.
Now, Facedrive is the definitive leader in this space in Canada.
The government isnt just endorsing the tech, its supporting its deployment--far and wide. Its the only tech that can effectively help trace coronavirus infections, and it will be crucial to contact tracing on everything from Parliament Hills major renovation project in Ottawa, to corporate offices, sporting events, healthcare facilities, long-term care facilities and outdoor venues.
That is a major proprietary coup for a shared mobility company that is disrupting multiple industry segments with the notion that this is about far more than getting from Point A to Point B. Its an entire ecosystem of sustainability revenues.
Another important development is that its social distancing app now has 500,000 downloads within one month of launching.
#5 The Right Kind of Branding for Mass Appeal
Millennials have changed the future of investing, and that means branding has to pay attention to where all the money is coming from. Branded correctly, shared mobility can reach into countless revenue streams to tap into the rider relationship.
Facedrive isnt just creating multiple services. Its creating a lifestyle.
And the company leaves few stones unturned here, including its own line of exclusive, celebrity-branded clothing.
Will Smith and Jada Pinkett Smith were the first to jump on board, attracted by the ESG portfolio and the Facedrive people and planet first motto.
Now, Will Smith has co-branded an entire line of exclusive clothing with Facedrive with his Bel Air Athletics clothing brand.
And his company with Jada Pinkett Smith, WestBrook Inc., is partnering with this rideshare startup that is now expanding internationally to challenge Uber for the throne.
Over 1,000 new products co-branded by Bel Air and Facedrive have launched on the Facedrive marketplace website and the demand has been great.
As always, sustainability is the name of the game, with Bel Air and Facedrive pursuing 100% sustainably sourced materials by next year.
#6 The Name of the Game Is Ultimate Impact
Initiatives that have the capacity for widespread impact are drawing investors in flocks. And with the socially conscious millennial generation launching itself into the market and 30-some-odd years from retirement, this trend is beyond mega. Big money has latched onto it firmly now.
And Facedrive (TSXV:FD,OTC:FDVRF) is adding impact to everything from ride-sharing and food delivery to COVID tracing and exclusive clothing for a solid line-up of ESG services in a single shared mobility company.
So, welcome to the conscientious revolution, led in part by Facedrive.
But pay attention to the numbers because Stakeholder capitalism is a trending term, embraced even by mainstream organizations, and its what Facedrive is all about.
And the high-speed news flow
Facedrive only publicly launched in Q3 2019, and the list of deals and developments has been hard to keep up with:
Its rare to see a new company moving this fast to take advantage of multiple opportunities provided by everything from giant Ubers missteps to a global pandemic and the march of big capital toward sustainable investing.
Its on the right side of history: In lock-step with Teslas EVs and BlackRocks impact investing takeover of Wall Street ... and the tailwinds are ferocious.
Conclusion
The dramatic rise of all things green in the stock market has been a boon for companies like Facedrive, Tesla, and Blink Charging.
COVID-19 should have put the brakes on the the EV industry boom because of a pandemic lull in driving in Q2--but it didnt.
Tesla (NASDAQ:TSLA) has been tearing it up, with its stock price skyrocketing this year. Not only is Teslas auto business booming, its even taken a dive into the solar sector, creating rooftop solar panels that are cheaper and more efficient than traditional sources.
Smashing Wall Street consensus left and right, there seems to be no stopping Tesla, and its taking the rest of the industry along for a ride in its wake.
Teslas rise has even helped propel Blink Charging into the spotlight.
Blink (NASDAQ:BLNK), an electric vehicle charging company, has risen by 319% in just three months, and its showing no signs of slowing. A flurry of new deals, including a collaboration with EnerSys have created some support for the relative newcomer.
Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers.
Another high-profile deal between Blink and Envoy Technologies to deploy electric vehicoes and charging stations adds further support.
Aric Ohana, CEO of Envoy noted, Were excited to work with Blink on the deployment of their fast Level 2 charging stations as part of our exclusive electric car-sharing service. The vision of our two companies is aligned: to advance the adoption of electric vehicles. To continue to drive the growth and success across our expanding locations, we have to ensure that our clients have easy and efficient access to high-quality, reliable charging equipment. Blink has an established reputation as an innovator in the EV market, and we are thrilled to add them as a preferred partner.
While millennial Robinhood traders might be leading the charge, its clear that theres a demand for eco-friendly alternatives.
Blackrock (NYSE:BLK) makes this trend all too clear. The worlds largest asset manager has played a key role in fueling the hype. Its planning to more than 10x that number over time though, aiming to boost that number to over $1 trillion by 2030.
This should serve as a massive wake-up call for investors everywhere, as BlackRock - the $84 billion hedge fund - has replaced Goldman Sachs as the most important banking company in the world.
Thats also the reason its gone beyond banking, even reaching 4th branch of government status.
Its not alone though. Many across Wall Street and beyond have been vocal about the direction ESG investing is heading.
Even Amazons Jeff Bezos is on board. In addition to his $10 billion green fund, Amazon (NASDAQ:AMZN) is investing big on the transportation of tomorrow too leading a $700 million investment round in EV startup Rivian before acquiring robo-taxi startup Zoox for over $1 billion.
But its not just limited to transportation. Earlier in July, Perpetual Limited, an Australian asset manager, acquired sustainable investment firm Trillium Asset Management, for a massive $3.3 billion!
The money involved in this global shift toward sustainability is staggering.
And Uber (NASDAQ:UBER) still hasnt seem to have gotten the message.
Though it has been incredibly successful in disrupting the entire transportation market in just a few short years, Uber is still struggling with debt, and its public image is dwindling as it fails to meet the new standard of sustainability.
Ubers ex- CEO Travis Kalanick once said, "A city that welcomes Uber onto its roads will be a city where people spend less time stuck in traffic or looking for a parking space," adding, "It will be a cleaner city, where fewer cars on the road will mean less carbon pollutionespecially since more and more Uber vehicles are low-emission hybrid vehicles."
But the reality couldnt be further from the truth. In fact, in many studies, it has been revealed that Uber actually increases emissions in these cities. And thats why the world so desperately needs an alternative.
This is where Facedrive has stepped up, offering users are choice to pick a greener ride and even if they dont, the company actively offsets emissions a win-win for customers.
Canadian companies are getting on board, as well.
Telus Corporation (TSE:T)
Telus long-standing commitment to putting its customers first fuels every aspect of its business, has had it a definitive leader in Canada. In fact, Telus Health is one of the countrys biggest healthcare IT providers. And its done so with sustainability in focus.
Driven by its goal to connect all Canadians for good, it has contributed over $55 in community giving, reduced emissions by 31% and has four consecutive years on the Dow Jones Sustainability World Index.
Shopify Inc (TSX:SH)
Shopify is a rapidly-expanding tech giant in the e-commerce sector. Its already got over 1 million businesses using its platform, including Budweiser, Tesla and Red Bull. Shopify has revolutionized the e-commerce world, allowing anyone, even if they do not know how to code, build and deploy an e-commerce website. And its not without its ethical grounding, either. Shopify is pushing towards sustainability in a major way. It has started its own sustainability fund, which it adds $5 million to each year to help tackle the looming climate crisis.
Shaw Communications Inc (TSE:SJR.B)
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