The $5 Trillion Transportation Industry Is Going Green

FN Media Group Presents Oilprice.com Market Commentary

LONDON, Nov. 5, 2020 /PRNewswire/ -- 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.  Mentioned in today's commentary includes:  Tesla (NASDAQ: TSLA), Blink (NASDAQ: BLNK), Amazon (NASDAQ: AMZN), Uber (NASDAQ: UBER), Lyft (NASDAQ: LYFT).

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 eco-friendly and a lot more socially responsible.

It's a real opportunity for savvy new tech platforms like Facedrive (FD.V; 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 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.

Then came the pandemic, shutting down the $7.6T global air travel industry, which is facing more than $84 billion in losses without technology to step in a staunch the bleeding. On October 7th, Air Canada signed a deal with Facedrive (FD.V; FDVRF) to launch a pilot project for its employees using proprietary TraceSCAN technology.

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.

Multiple Verticals

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 (FD.V; FDVRF) reality: People and planet first, driving profit. And this same trend ties into some of the other superstar companies ruling the markets this year, including EV giants Tesla and Blink.

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 vehicles 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." 

By. Kim Brown

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

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.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact:

E-mail:  editor@financialnewsmedia.com  U.S. Phone: +1(954)345-0611