Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Axios Visuals

Electric vehicle infrastructure giant ChargePoint is using some of its recent $240 million fundraising haul to position itself for interlocking changes that await: the electrification of different types of vehicle fleets and the rise of autonomous tech.

What's new: CEO Pasquale Romano says in an interview with Axios that despite it being early stages of autonomous vehicle technology, AVs should be included in the infrastructure industry's long-term planning.

“Everything we know about transportation is going to get disrupted ... including charging. ... What we have to do is make sure that we are early in supporting that."

How it works: If AVs, EVs, and the electrification of fleets — think ride-hailing services, commercial delivery vehicles and government vehicles — were a Venn diagram, there would be lots of overlap.

  1. Most AVs will be ultimately be electric.
  2. AVs and electric fleet vehicles are likely to charge at different places than personal vehicles.
  3. Charging will probably be concentrated in depots that can handle a range of vehicle types, Romano notes.

Between the lines: That's a seismic shift over the long-term.

“It changes your architecture for your products. It changes the scope of what your software has to talk to on the fleet side, it changes the scope of what your hardware has to deal with on the fast-charge side."
— Romano

Why you’ll hear about this again: Romano, whose California-based company says it has the world's largest commercial charging network, agrees with projections that as AVs rise, so will total vehicle miles traveled (VMT).

  • "As long as we are attached economically to VMT in some way, we should be fine. This is a huge market,” Romano says.
  • Romano says that preparing for the use of EVs and AVs, especially in vehicle fleets, means "you have got to be thinking literally with a 20-year lens" — and even much longer.

Here are a few more takeaways from my interview with Romano, whose decade-old company is expanding in the U.S. and Europe...

1. The red state opportunity: He expects that southern states where automakers are expanding EV production — he mentioned Georgia, Alabama and Tennessee — will be a charging growth area.

  • “The primary reason is there is actually really good economic alignment. It is hard to be making something in your state and not promoting the use of it in your state,” Romano said.

2. The European market: “My assumption is that there will be continued consolidation. It is not going to 1 player. It is too large a market, right? But it can’t be 20,” he said, noting companies need scale to compete.

3. The future of retail: In addition to electrified bus fleets, which is a focus for the company, Romano sees the growth of online retail presenting a big opportunity.

  • Electrification of delivery vehicle fleets already makes sense from a cost perspective, but there are currently few options, he notes.
  • But more vehicle makers like Daimler (one of ChargePoint's investors) are developing more products. "When the vehicles are here for all the different sizes of trucks, then I think that is going to electrify quickly," Romano says.
  • “Those fleets are operating globally, so the charging infrastructure vendors ... are going to have to operate globally [too], because you don’t want to ... have a regional patchwork," which would make it too complicated, he says.

Go deeper:

Go deeper

Axios Visuals Deep Dive: Pandemic eating

Illustration: Sarah Grillo/Axios

A food revolution began pre-pandemic and COVID has only accelerated that. See how America's food industry is transforming, from farm to your table.

Abrams’ campaign manager rules out 2024 run if she wins governor's race

Photo: Jessica McGowan/Getty Images

In her first major interview since the official announcement, Stacey Abrams' campaign manager Lauren Groh-Wargo quashed speculation that the Georgia Democrat would interrupt a theoretical gubernatorial term to run for president in 2024.

Why it matters: Abrams' name has come up repeatedly as a top 2024 Democratic contender given President Joe Biden's age and Vice President Kamala Harris's low favorability rating.

Dan Primack, author of Pro Rata
Updated 2 hours ago - Politics & Policy

Trump social media group raises $1 billion from undisclosed investors

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company.

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.