The company’s non-voting stock, worth close to $3 billion, will be owned by a collective that will use all profits that aren’t reinvested into the business to fight climate change.

“Mass uptake of e-bikes” will also lead to “a significant early contribution” in reducing transport emissions, while asking much less of the power grid, the study found. E-bikes are a double boon to the grid because their home chargers run on existing circuits and draw “relatively low power (500 watts to 1400 watts).”

New climate tech fund

EVolution Australia

Carbar are incentivising EV's with discounts to subscribe

Saul Griffith talks about Australia's path to net-zero

New EV Charger

Ev's and Grids

Exponential View #41

Climate Tech VC newsletter #69 - EVs, deals, funds

Australia on verge of electric cars boom amid sharp jump in sales figures