Inside CVC: Riding the Shifting Currents of Mobility Innovation with Maniv's Michael Granoff-এর সম্পূর্ণ প্রতিলিপি

WEBVTT 00:00:00.034 --> 00:00:02.176 I'm Michael Granoff, I'm the founder of Maniv. 00:00:02.636 --> 00:00:15.047 Maniv is a early stage venture capital fund that focuses on startup companies that are in the business of decarbonizing, digitizing the movement of people and things. 00:00:15.047 --> 00:00:27.538 So things around mobility, you can think about automotive, you can think about automation, particularly in industrial applications and robotics and things like that. 00:00:27.538 --> 00:00:48.689 We do everything from deep technology, so we have a few silicon startups, all the way through operating companies like Revel in New York City with an all-electric ride share, and building out a DC fast charge network, all the way to OEMs, of which we have two, one building electric trucks in California called Harbinger Motors, and one doing electric two-wheelers in India called River. 00:00:49.442 --> 00:00:54.365 Those are, some of those brands, I just, I'm big fans of some of those brands and watching them, et cetera. 00:00:54.365 --> 00:00:56.107 So, why are you here? 00:00:56.107 --> 00:00:57.588 What are you hoping to get out of the summit? 00:00:58.130 --> 00:01:05.256 Well, we interface very regularly with our corporate partners, many of whom are here. 00:01:05.256 --> 00:01:25.935 And we find that our companies need to have relationships with the big corporates in order to make sure that their products and services are being on the right trajectory and ultimately for customers, relationships, and commercial partnerships. 00:01:25.935 --> 00:01:33.602 So it's very important for us to be able to remain good intermediaries between our companies and the corporate world. 00:01:33.602 --> 00:01:37.266 And so I thought being here amongst this terrific group would help that cause. 00:01:38.067 --> 00:01:48.259 Certainly a lot of innovation in the world that I think you and I know very well, the movement of people and goods and the various powertrains, the various technologies, the various automation around that. 00:01:48.259 --> 00:01:51.983 So certainly a lot of globally a lot of innovation going on. 00:01:51.983 --> 00:02:06.899 At the same time, geopolitical risk, this re-centralization of supply chains in some regard, even down to the level of vital materials and where those things are in the ground and being able to build those more locally. 00:02:06.899 --> 00:02:18.311 As you watch this very dynamic world we live in and balance that with innovation and venture capital, etc., what are those things that are sort of rising to the top that you're watching most? 00:02:18.991 --> 00:02:37.611 Well, I think you really hit the nail on the head in terms of what I would characterize as the elephant in the room, which is China's complete dominance of the supply chain and now production and export of vehicles, primarily electric vehicles. 00:02:37.611 --> 00:02:47.162 And it's been a strategy that they developed early on in the century and have really executed to perfection. 00:02:47.162 --> 00:03:00.635 I think it's something that Americans are less cognizant of, not because there isn't a lot of press attention to it, which there is, but it's very different when you don't see the vehicles on the road. 00:03:00.635 --> 00:03:07.002 And where I live in Israel, the first Chinese electric car entered the market in the beginning of 2022. 00:03:07.002 --> 00:03:09.104 So that's just three years ago. 00:03:09.104 --> 00:03:19.877 And yet already the saturation is completely unbelievable to the point where these days about one out of every two new cars sold in Israel is a Chinese EV. 00:03:19.877 --> 00:03:21.078 It's not just one. 00:03:21.078 --> 00:03:27.163 BYD is the leader and Geely, but there are more than a dozen brands that are in the market in Israel. 00:03:27.163 --> 00:03:36.373 And in terms of consumer offering, it's very, very hard to resist for ordinary consumers. 00:03:36.373 --> 00:03:43.562 And we're a small country, a small market, but we're seeing the same thing play out across Latin America. 00:03:43.562 --> 00:03:50.568 There's a fight as to what will happen in Europe and the degree to which that market will be open for them. 00:03:50.568 --> 00:03:51.090 The U.S. 00:03:51.090 --> 00:04:07.347 will not be open for them for the foreseeable future, but I do think that the implications of this real change of the guard in terms of international leadership in automotive production has just vast implications across the board. 00:04:07.907 --> 00:04:13.554 It's so interesting when you talk about China's plan, their strategy that they've had since 2000, turn of the century. 00:04:13.554 --> 00:04:17.137 It's not like they've been hiding it. 00:04:17.137 --> 00:04:17.999 No, that's exactly right. 00:04:17.999 --> 00:04:26.812 The five-year plan has been transparent, and to me, in some degrees, that creates a bit of a fandom within the society. 00:04:26.812 --> 00:04:29.795 It gets behind it, gets support, and so I 00:04:30.115 --> 00:04:30.636 love your point of view. 00:04:30.636 --> 00:04:55.841 100%, and to that point, anybody who visits the website, tinyurl.com slash China EVs, will find that I posted there, more than a decade ago, an article from the New York Times, April 1st, 2009, and it actually lays out exactly what you said, that this was not done in the dark, They were very transparent about it. 00:04:55.841 --> 00:05:08.810 I think nobody believed A that they'd be able to pull it off or B that it would end up being as successful as it has and have the implications that it had. 00:05:08.810 --> 00:05:18.838 I remember in America when the Japanese cars began to come in the 70s and nobody really took them all that seriously. 00:05:18.838 --> 00:05:21.040 This is another level. 00:05:21.040 --> 00:05:29.668 This is an order of magnitude at least greater in impact in terms of global automotive. 00:05:30.968 --> 00:05:34.031 When you think about global automotive, and this is just