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The Playbook With David Meltzer

The Future of EV With Andrew Fox: Founder & CEO, Charge Enterprises | #ThePlaybook 416

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 6 June 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

Andrew Fox, Founder and CEO of Charge Enterprises, shares his thoughts on how Charge is working to solve problems with the “Achilles heel” of the growth of electric vehicles by improving infrastructure and creating more charging options for users, as well as the valuable lessons he learned about micro-mobility from investing in Lime. Fox and host of #ThePlaybook, David Meltzer discuss why your timing and the team that you put together are more important than landing a big-time investor, as well as why entrepreneurs don’t have to come up with the next big idea in order to find ways to monetize it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

On this episode of the Playbook, I have Andrew Fox, founder and CEO of Charge Enterprises.

0:05.6

We're going to charge it up, understanding we're only in the first inning of the EV infrastructure

0:11.5

space. What's going to happen next? Follow us for this ballgame here on Entrepreneurs the Playbook.

0:17.7

This is Entrepreneurs the Playbook. For each week I bring you some of the greatest athletes,

0:23.1

celebrities and entrepreneurs to talk about their personal and professional playbook to success.

0:29.2

And what made them champions on the field and in the boardroom. I'm your host David Meltzer.

0:36.0

I have the incredible founder and CEO of Charge Enterprises. Andrew Fox, welcome to the Playbook.

0:43.0

Thank you. How are you? I am amazing. I'm so excited to talk about the pioneering of EV

0:49.2

infrastructure, the pioneering of charging. It's changing so quickly. All the different innovations

0:54.6

that I see on the investment side are just encouraging me once again that entrepreneurs are

0:59.6

saving the world and we don't get enough respect or enough credit, I think, for the power

1:06.0

of how quickly we can change things. Starting there, for you, you've been in this journey a while,

1:12.9

how have things changed in the space over the last decade?

1:19.3

Well, I mean, I think, you know, micromobility is a relatively new phenomenon. EVs have been

1:25.2

around for a decade, but when you think about where the impetus for us to start the business,

1:31.0

just so you understand, I was an early investor in Lyme, the scooter company and post that investment,

1:36.6

saw what I thought was the Achilles heel of the micromobility movement. It turned out it was the

1:42.3

entire EV movement, which was it was just a lack of supporting infrastructure for it. And so in a very

1:47.7

unpopular way, starting a business geared towards infrastructure first for mobility and then today

1:55.9

where we are EVs, small cells and everything else, but it was definitely unpopular to start it.

2:01.6

And where it is today, it's still kind of the top half of the first inning. We're so small in

2:08.9

terms of penetration rate. We have 1.7 million electric vehicles on the road right now. It's just

...

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