Norman Crowley discusses the capital efficiency of Cool Planet Group and Crowley Carbon before taking on a larger institutional funding round in 2020.
0:00 / 0:17exact quote · 17.1s
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“Not that much, actually, relatively speaking, probably about thirty eight million bucks. So like up until the beginning of 2020, we'd only raised five million bucks into the business, and we were in 23 countries.”
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More from Norman Crowley
AssertionSupported
Crowley: A single commercial EV can earn $7,000 annually supporting grids
“And then the final one, which is the real secret sauce, is a vehicle can, you can get paid about 7000 bucks a year For the vehicle supporting the grid, just one vehicle.”
Norman CrowleyMar 29, 2021▶ 22:17Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
PredictionNot checkable as stated
Crowley: Replacing all vehicles with new EVs will take ~100 years
“There's over 1.4 billion vehicles in the world.
There's over sixty million new vehicles every year.
So if we're going to wait for all of them to become Teslas, it's going to take about a hundred years.”
Norman CrowleyMar 29, 2021▶ 2:47Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
PredictionNot checkable as stated
Crowley projects EV division will jump from $20M to $70M revenue
“Like I can disclose in cars, cars will do Well, next year is easier. Cars will do about seventy million next year. This year it'll do, hard to tell with the pandemic, but it'll probably do something like 15 or 20.”
Norman CrowleyMar 29, 2021▶ 19:52Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
PredictionNot checkable as stated
Crowley: Bundled EV and energy service to generate $35K per vehicle
“So the recurring income On that is it looks like it's going to be everything combined. It looks like it's going to be about 35,000 bucks per vehicle per year all in.”
Norman CrowleyMar 29, 2021▶ 21:06Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
Disclosure
Crowley: Clarity operates primarily on shared savings pricing model
“So the way our one works most of the time is what we call shared savings. So if we improve the situation then either you can pay for the software or you can just split the savings with us.”
Norman CrowleyMar 29, 2021▶ 5:56Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
AssertionNot checkable as stated
Crowley Carbon software used by most top global food and pharma companies
“Like some of the biggest, it's great, like some of the biggest companies in the world use it, like three of the top four food companies. Seven of the top eight pharmaceutical companies and we're operating in kind of 23 countries.”
Norman CrowleyMar 29, 2021▶ 6:34Manufacturing Plant Software Breaks $100m Revenue, Just $38m Raised
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