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The Times Tech Podcast

EVelozcity's Stefan Krause: "Skateboards, top hats and the future of the car"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 15 June 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Sunday Times' tech correspondent Danny Fortson brings on Stefan Krause, founder of $1bn electric car startup Evelozcity, to talk about why cars look like they do (5:40), why electric vehicles will be dramatically different (6:30), a car for megacities (10:00), raising $1bn (13:05), the importance of batteries (14:30), pricing the car at $35,000 (18:00), ending up in California (22:45), developing their first car in 5 months (24:45), the death of ‘range anxiety’ (28:55), not being the next Studebaker (29:45), going from giant companies to a startup (32:30), how he built a casino (34:00), handling Deutsche Bank during the financial crisis (35:15), whether Detroit think’s electric cars are coming (39:10), and growing up in Pablo Escobar's Colombia (42:50).

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Transcript

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0:00.0

Yo, technology.

0:03.0

What is it all about?

0:04.5

In general, that's kind of how most of the cars look today.

0:07.7

And we find it so interesting now.

0:09.4

We eliminate the engine, but the architecture stayed the same.

0:13.2

People have a pretty determined view of what a car needs to look like.

0:17.0

And obviously, over the next couple of years, that will change.

0:24.1

Hello and welcome to Danny in in the valley your weekly dispatch from deep inside the silicon valley future machine this week we are

0:31.2

once again outside the valley and on location in los angeles well okay so, so actually, I'm not there either.

0:38.6

I'm in London.

0:39.6

I came here for Founders Forum, which is fantastic, meeting lots of super interesting

0:44.8

British entrepreneurs.

0:45.8

Maybe we'll even have one or two on the podcast coming up.

0:49.0

But you may remember that a couple weeks ago, I spent some time with the guys from

0:54.1

Beyond Meat, who of course are in L.A., and on that weeks ago, I spent some time with the guys from Beyond Meat, who, of course,

0:55.7

are in L.A. And on that same trip, I met a super interesting company with a super weird name.

1:02.2

It's called E. Velocity. Velocity. It's kind of a weird spelling. You've probably

1:08.8

never heard of them, but they have some very, very big plans.

1:11.6

It's an electric car company.

1:13.6

It's founded by Stefan Krauss, who's the former finance director for many years of BMW.

1:19.6

He was also the former CFO of Deutsche Bank during the financial crisis.

1:24.6

And he's a pretty cool cat. And he has raised a billion dollars, one billion dollars.

...

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