Suggested by Jeremy Burton almost 3 years ago
#EVNow - a marketplace for EVs to accelerate the adoption (Carvana/Vroom/Shift exclusively for EVs)
New Idea
Existing Company
Existing Company
Existing Company
Are you interested in addressing this Unmet Need?
Advisor, Product Strategy @ Various Startups
https://www.nytimes.com/2022/08/27/opinion/electric-car-battery-range.html
Senior Software Engineer at Snap @ Snap
This thread has been silent. Is there still any interest? I'm a mobile developer and I'm exploring some car app ides.
CEO | Founder | Managing Partner @ Platform Venture Studio
I think the question is whether there is enough different about EVs that a new marketplace is justified. Carvana, Shift, Vroom, etc would be hard to catch and already have good EV volume so there would need to be something compellingly different about a new entrant.
Advisor, Product Strategy @ Various Startups
The build back better bill has a ton of incentives for EV's. Going to supercharge the new car market.
CEO | Founder | Managing Partner @ Platform Venture Studio
Hopefully, we can address the chip shortage and other supply chain woes quickly.
Advisor, Product Strategy @ Various Startups
https://www.springfreeev.com just launched
CEO | Founder | Managing Partner @ Platform Venture Studio
Good find - thanks. Interesting they're focusing on fleet adoption - makes sense.
Advisor, Product Strategy @ Various Startups
Kind of a sunrun for EV's.
Product, Operations and Strategy Leader -- Focusing on Solving Problems and Scaling Enterprises with a customer-centric view @ Product and Strategy/Ops Leader
There is an increased focus on specialized sites, especially when looking at things like cars & bids versus bringatrailer and the MB specific auction site. Buying a used EV has not just the buying factors and education needed as listed above but also has interesting questions like how much battery capacity there is and also how they differentiate from one another. This is an interesting concept, but with the price of used cars through the roof these days I wonder if there is something more appealing than the $5 listing cost which FB marketplace has that has disrupted a lot of the legacy sites.
CEO | Founder | Managing Partner @ Platform Venture Studio
https://www.bbc.com/news/business-58123729
Advisor, Product Strategy @ Various Startups
Penetration is so low while tech is moving quickly. Could a marketplace launched now have sufficient inventory of used EV's that are not obsolete?
Advisor, Product Strategy @ Various Startups
#evnow: look at ridepanda.
CEO | Founder | Managing Partner @ Platform Venture Studio
Thanks, @Francis Kim I wonder if they plan to get into cars.
Advisor, Product Strategy @ Various Startups
I don't think so. The explosion of electric vehicles in the micromobility space requires that someone act as a filter/tastemaker/authority, so it makes sense they continue to focus there.
Are you suggesting a marketplace for new or used cars?
CEO | Founder | Managing Partner @ Platform Venture Studio
I was thinking about used vehicles now that sufficient numbers of used EVs will be coming onto the market.
I think new cars sales are increasingly being made direct to consumer (like Tesla).
Advisor, Product Strategy @ Various Startups
Cool. That's the route that makes more sense. Not clear to me how an EV marketplace isn't just a feature of (or really the future of) the other used car marketplaces, but happy to be proven wrong.
Advisor, Product Strategy @ Various Startups
The sale does have a nice margin. I'm not sure if the marketplaces do.
CEO | Founder | Managing Partner @ Platform Venture Studio
@Francis Kim - fair but the vehicle sale has a nice margin :-)
Advisor, Product Strategy @ Various Startups
Yeah, those are all questions I had to wrestle with. I think it would be great to have all of this in one place with a service provider who could handle everything for me. If there is a compelling service here, I have to imagine that you could put it together without also having to build a vehicle marketplace. You could use the marketplaces as lead gen (or vice versa).
CEO | Founder | Managing Partner @ Platform Venture Studio
@Francis Kim - I think you and I are quite adept but I suspect the "early majority" and "late majority" are not.
I think there's a lot of help and education needed around:
I think these questions and anxieties put off a lot of people who are not technical problem solvers themselves.
When you buy a new EV, a lot of that can perhaps be answered at the dealer. Although in my experience, they are also not particularly well educated on EVs (I'm looking at you, Audi).
Additionally, there is the bigger move that people want to make of going fully-green. They want to get an EV but perhaps know that the electricity in their area is generated with non-renewables. So they want to go solar at the same time. Tesla has that vertically integrated but other brands do not.
For used EVs, there is just no current mechanism to provide this kind of help and advice.
Advisor, Product Strategy @ Various Startups
JB, what about charging in particular do you think is hard for consumers to wrap their heads around? I'm not disagreeing with you. This is actually top of mind for me now as I'm considering an EV purchase soon, and I'm also having electrical work done to my garage. What are the specific pain points that you see?
CEO | Founder | Managing Partner @ Platform Venture Studio
You may be right. My thought is there are issues around EV adoption that don't exist with internal combustion engine cars. Particularly, charging.
Is there a play to take what Tesla does in selling solar, power wall, charges, etc as well as cars and doing the same but for any EV brand?