By Kim Brown
A new era of technology is being defined right now—and not only by the “magnificent seven” tech giants that are collectively worth $7.7 trillion.
Instead, it’s being defined by a new generation of tech-driven companies that operate across multi-trillion-dollar industries … and target the trillions of dollars that Big Capital is shifting into ESG, or “impact” investing.
These next-gen tech companies create entire “ecosystems”, some with unlimited verticals …
And they de-risk by focusing on ESG.
In other words, big capital dictates that things are about to get a lot more eco-friendly and a lot more socially responsible. Doing so, it has triggered what many analysts now see as the biggest transfer of wealth ever.
It’s a real opportunity for savvy new tech platforms like Facedrive (TSX:FD.V; OTCMKTS:FDVRF), the Canadian darling that has been expanding its tech ecosystem in rapid-fire succession this year, making it one of the most headlined ESG-focused companies on the investor radar.
At least six industries with gross worldwide revenues worth a collective $34 trillion dollars are on Facedrive’s radar.
And the potential is big.
Six Industries, $34 Trillion, Positive Disruption
The $5 trillion global transportation industry is ripe for disruption already, and Facedrive’s acquisition of Chicago-based Steer, an EV subscription service fully intends to help change the way the world views car ownership, is aiming to be one of the big ones.
Facedrive scooped up Steer in September, but that’s not all they got …
The deal included a $2-million strategic investment by energy giant Exelon’s wholly-owned subsidiary, Exelorate Enterprises, LLC.
When you combine the $5 trillion global transportation industry with an energy industry whose renewables sector is quickly growing, you get the first glimpse of a likely successful future for Steer.
The pioneer of carbon-offset ride-sharing in Canada, Facedrive—behind the wheel of Steer—plans to completely change the way people view car ownership.
Anyone who couldn’t afford to ride an EV before, can now, with Steer. That means Steer and its owners and backers could be disrupting industry segments on multiple levels.
Exelon’s (NASDAQ:EXC) market cap is ~$41 billion … and it’s not the only huge market-cap company whose radar is pinging Facedrive: There’s also a tie-in to eCommerce King Amazon (NASDAQ:AMZN) ….
The company’s TraceSCAN contact-tracing technology is positioned to help stem the losses in the tourism industry, which is facing $1 trillion in losses due to the pandemic and is expected to shed 100 million jobs before the year is out.
TraceSCAN Wearables combine complex algorithms in an AI-enabled mobile application with wearable devices built on the industry standard nRF52 Bluetooth chipset.
That means it is available to reach those millions of workers around the world, from construction and medical to education and security, who can’t operate with a phone in hand 24/7, as well as the at-risk elderly.
Air Canada isn’t the only one taking the TraceSCAN plunge…
The Government of Ontario lent its support to TraceSCAN back in July because it’s the only feasible technology that will get masses of government employees back to work without spreading COVID-19.
And now, talks with other airlines are in motion, and the news flow is expected to be fast and momentous.
Nor has Facedrive left out the $600B sports industry, which is facing massive loss in revenues unless it can find a new way to encourage fan engagement.
Facedrive has an answer to this, as well.
In August, investment in Tally Technologies, the high-tech major league sports predicting startup founded by NFL superstar Russel Wilson.
Tally came out of TraceMe, a celebrity content app founded by Wilson with early-in investors from the biggest tech companies in the world and acquired by Nike last year.
Facedrive inherits some of those same big tech companies as shareholders.
Now, Tally plans to revolutionize major league sports with “gamification” and online fan engagement.
Gamified for ultimate fan engagement, major league sports apps will now be free-to-play and predictive.
Sports needs revenues, and right now it doesn’t have fans in stands, so Tally offers major league sports a major league lifeline.
Again, expect rapid news flow on this as new teams line up to take advantage of revenue potential.
Facedrive made its name first challenging Uber, who failed to understand that ride-sharing isn’t a business on its own.
It’s underpinned by a tech platform that can be applied to countless industries for maximum disruption.
Uber also failed to grasp the momentum of ESG investing, which is now a megatrend that passed many of the original tech giants by.
But this is Facedrive, and while Uber belatedly realized that food delivery was really it’s only potentially profitable game, Facedrive worked that out from the start.
It’s about multiple verticals …
And Facedrive has launched them in rapid succession …
It’s carbon-neutral ride-sharing, food delivery, health, COVID tracing, merch, esports, and now, one of the most transformative things to happen to the auto industry: Steer, the electric car subscription service that has automotive revolution as its primary driver.
It’s a tailor-made lifestyle, on-demand, and it’s exactly what Big Capital’s ESG trend wants.
None of it is sustainable without focusing on ESG, though. Big money is all about smaller risk, and against the backdrop of a debilitating pandemic, de-risking is the only buzzword that makes a noise.
Blackrock, with $7.6 trillion in assets is the new king of Wall Street precisely because of this.
Investors are concerned about the big picture.
Banks are finding risk in anyone who doesn’t.
The number of sustainability-focused index funds and assets have doubled in only three years, according to a new report by Morningstar.
By the end of Q2 2020, over 530 sustainability-focused index funds were overseeing $250 billion in assets. That’s a wild 733% jump from just two years ago—most of in coming out of the pandemic.
It’s the new reality for making money.
And it’s Facedrive’s reality: People and planet first, driving profit.
Tesla (NASDAQ:TSLA) has been tearing it up, with its stock price skyrocketing this year. Not only is Tesla’s auto business booming, it’s 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 it’s taking the rest of the industry along for a ride in its wake.
Tesla’s 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 it’s 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, “We’re 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, it’s clear that there’s a demand for eco-friendly alternatives.
Even Amazon’s 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 it’s 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 hasn’t 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.
Uber’s 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 pollution—especially since more and more Uber vehicles are low-emission hybrid vehicles.”
But the reality couldn’t be further from the truth. In fact, in many studies, it has been revealed that Uber actually increases emissions in these cities. And that’s why the world so desperately needs an alternative.
Lyft (NASDAQ:LYFT) is another one of the United States’ biggest ride-share giants. And this year, it launched its own delivery service. Not only will Lyft allow you to order food from your favorite restaurants, you can even place grocery orders. The “Essential Deliveries” program aims to not only help the community stay safely indoors, but it also helps support its some-120,000 drivers in the United States.
“As communities shelter in place, the need for items to be delivered to the doorstep is at an all-time high,” said Lisa Boyd, Director of Social Impact at Lyft. “Whether it’s meals for high-risk seniors or medical supplies for individuals with a medical condition, Lyft’s community of drivers is ready to help meet the needs of our communities while earning additional income.”
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 country’s biggest healthcare IT providers. And it’s 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. It’s 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 it’s 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)
Shaw is one of Canada’s leading telecom infrastructure and cloud service providers. Its dominance in Canada’s telecom sector means that if any internet-based services want to operate, they’ll likely be utilizing the company’s infrastructure. After all, without telecoms, these TaaS companies would not be able to operate. And that’s not necessarily a bad thing when you consider Shaw’s sustainability goals. In fact, it is one of the biggest customers of Bullfrog Power which sources its electricity from a blend of wind energy and hydropower. It is also building its own portfolio of clean energy investments.
BCE Inc. (TSX:BCE)
BCE is another household name in Canadian telecom. Throughout its push into the position of one of Canada’s top telco groups, it has bought and sold a number of different firms. BCE is currently at the forefront of the Internet of Things movement in Canada. That means it will play a vital role in building new sustainability projects and making Canada’s cities smarter and more efficient.
Westport Fuel Systems (TSX:WPRT)
Westport is a renewable energy provider for the transportation industry. It creates and distributes systems for less impactful fuels, such as natural gas. That means it has an amazing potential upside, considering there are over 2.5 million natural gas vehicles worldwide. In North America alone, there are over 225,000 natural gas vehicles. But that shies in comparison to the global 22.5 million natural gas vehicles globally, which means the company still has a ton of room to grow!
By. Kim Brown
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for ride sharing services will grow; that Steer can help completely change the way people view car ownership, that Steer can disrupt industry segments; that the Tally app will become popular and start generating substantial revenues; that the Tally sports predictive app will lead to online sports revenue; that Tracescan could help the tourism industry deal with COVID; that new tech deals will be signed by Facedrive; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that the Tally app may not become popular, may not lead to revenues from the app; that competitors may offer better or cheaper alternatives to the Facedrive businesses; TraceScan may not work as expected in commercial settings; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for merchandise partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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