1 00:00:03,460 --> 00:00:07,350 Sean Aylmer: Welcome to the Fear and Greed Daily Interview. I'm Sean Aylmer. Recently, 2 00:00:07,350 --> 00:00:09,789 Sean Aylmer: I've spoken a lot about renewable energy and about the 3 00:00:09,789 --> 00:00:13,470 Sean Aylmer: surge in international investment heading down under. And it's the 4 00:00:13,470 --> 00:00:16,190 Sean Aylmer: same for electric vehicles, or in this case, the network 5 00:00:16,190 --> 00:00:20,440 Sean Aylmer: of charging stations needed to see transition to electric vehicles. 6 00:00:20,850 --> 00:00:24,550 Sean Aylmer: A renewable energy fund within US investment giant BlackRock has 7 00:00:24,550 --> 00:00:28,810 Sean Aylmer: bought a significant minority interest in the Aussie company JOLT Charge. 8 00:00:29,180 --> 00:00:34,989 Sean Aylmer: The deal provides JOLT with more than $100,000,000 in capital to build 1,000 free charging stations, 9 00:00:35,229 --> 00:00:37,470 Sean Aylmer: part of a network that will end up five times 10 00:00:37,470 --> 00:00:41,650 Sean Aylmer: that size. Doug McNamee is the founder and CEO of JOLT. Doug, 11 00:00:41,650 --> 00:00:42,650 Sean Aylmer: welcome to Fear and Greed. 12 00:00:42,850 --> 00:00:43,530 Doug McNamee: Thanks, Sean. 13 00:00:43,760 --> 00:00:46,760 Sean Aylmer: Seems to be so much going on in your areas. 14 00:00:46,830 --> 00:00:50,270 Sean Aylmer: How big is the EV market at the moment and what's 15 00:00:50,270 --> 00:00:50,870 Sean Aylmer: the potential? 16 00:00:51,190 --> 00:00:54,420 Doug McNamee: It's a great question. The EV (Electric Vehicle) market is very much in 17 00:00:54,420 --> 00:00:57,670 Doug McNamee: its early stages. I think in Australia we're less than 1% 18 00:00:58,170 --> 00:01:01,840 Doug McNamee: of all new vehicles sold. However, we're also only 1.5% 19 00:01:03,060 --> 00:01:06,180 Doug McNamee: of the right-hand drive market for cars globally. And we've 20 00:01:06,180 --> 00:01:10,570 Doug McNamee: seen a huge shift in OEM's (Original Equipment Manufacturer's) supply chains and really 21 00:01:10,660 --> 00:01:15,289 Doug McNamee: a movement towards electric vehicles globally. So the opportunity for 22 00:01:15,290 --> 00:01:18,870 Doug McNamee: the market is very, very large, but it's at its 23 00:01:18,870 --> 00:01:20,330 Doug McNamee: very early stages. 24 00:01:20,420 --> 00:01:22,920 Sean Aylmer: Now Doug, before we started talking, you were laughing about 25 00:01:22,920 --> 00:01:25,729 Sean Aylmer: how many acronyms in your industry. You've already thrown one 26 00:01:25,730 --> 00:01:27,810 Sean Aylmer: at me that I'm not sure on "OEM". 27 00:01:28,080 --> 00:01:32,630 Doug McNamee: Ah, so OEMs are original equipment manufacturers and they are 28 00:01:32,630 --> 00:01:33,870 Doug McNamee: the car companies. 29 00:01:33,980 --> 00:01:34,190 Sean Aylmer: Right, right. 30 00:01:34,190 --> 00:01:39,370 Doug McNamee: So they are setting the global agenda on electric vehicles, and that 31 00:01:39,370 --> 00:01:42,430 Doug McNamee: may be because of policy settings in Europe and North 32 00:01:42,430 --> 00:01:44,390 Doug McNamee: America, but that's what an OEM is. 33 00:01:44,540 --> 00:01:47,150 Sean Aylmer: Okay. So what you're saying there is that the car 34 00:01:47,290 --> 00:01:50,310 Sean Aylmer: manufacturers, the OEMs are setting the pace and we're a fairly 35 00:01:50,310 --> 00:01:53,020 Sean Aylmer: small part of the market, but we will catch up. 36 00:01:53,410 --> 00:01:55,590 Sean Aylmer: Tell me about your charging stations, about JOLT. 37 00:01:55,940 --> 00:01:58,970 Doug McNamee: Yeah. So JOLT, we're a charge point operator, another acronym 38 00:01:58,970 --> 00:02:03,110 Doug McNamee: is CPO and we build, own, and operate, EV charging equipment. 39 00:02:03,500 --> 00:02:07,080 Doug McNamee: So JOLT, we specialise in building fast charging equipment in 40 00:02:07,080 --> 00:02:09,880 Doug McNamee: large cities. And that's what we're building in partnership with 41 00:02:09,889 --> 00:02:12,620 Doug McNamee: Ausgrid in Sydney, and as well as a number of 42 00:02:12,710 --> 00:02:14,530 Doug McNamee: councils and governments in South Australia. 43 00:02:14,840 --> 00:02:16,959 Sean Aylmer: Okay. So where are they? How do they work? Do I 44 00:02:16,960 --> 00:02:18,830 Sean Aylmer: just pull my car up next to them? Just explain 45 00:02:18,889 --> 00:02:20,020 Sean Aylmer: the really basics for me. 46 00:02:20,139 --> 00:02:24,090 Doug McNamee: Yeah, absolutely. So our chargers are on curbside, on the side 47 00:02:24,090 --> 00:02:26,410 Doug McNamee: of the road. You pull up, you download the JOLT 48 00:02:26,430 --> 00:02:29,510 Doug McNamee: app and you can start the charge using the QR 49 00:02:29,510 --> 00:02:32,130 Doug McNamee: code, which is on the side of the charger. And 50 00:02:32,130 --> 00:02:35,190 Doug McNamee: you'll be able to access the seven kilowatt hours for 51 00:02:35,190 --> 00:02:37,830 Doug McNamee: free per person per day, after which time you can 52 00:02:37,830 --> 00:02:39,559 Doug McNamee: then pay for more energy if you need it. 53 00:02:40,139 --> 00:02:43,410 Sean Aylmer: Okay. And there's a physical connection into the car between the car and the... 54 00:02:44,020 --> 00:02:47,450 Doug McNamee: Yes, absolutely. So every car has one of two plug types 55 00:02:47,760 --> 00:02:50,340 Doug McNamee: in Australia. One's called a CCS (Combined Charging System) and the other one's called 56 00:02:50,340 --> 00:02:53,320 Doug McNamee: a CHAdeMO (an abbreviation of "CHArge de MOve"). And those are the plug types that the 57 00:02:53,320 --> 00:02:56,130 Doug McNamee: car has. And we have those cables on the side 58 00:02:56,130 --> 00:02:58,960 Doug McNamee: of each of our chargers. So you pull up, plug in, start 59 00:02:58,960 --> 00:02:59,830 Doug McNamee: the charge with the app. 60 00:03:00,120 --> 00:03:02,980 Sean Aylmer: So a medium- sized car, how long does it take 61 00:03:03,040 --> 00:03:03,920 Sean Aylmer: to charge? 62 00:03:04,169 --> 00:03:08,010 Doug McNamee: So, our chargers do the free charge in 15 minutes. 63 00:03:08,010 --> 00:03:10,549 Doug McNamee: And depending on how much energy you need, that charge 64 00:03:10,550 --> 00:03:13,179 Doug McNamee: can go up towards an hour and a half, depending 65 00:03:13,180 --> 00:03:14,220 Doug McNamee: on how flat the car is. 66 00:03:14,730 --> 00:03:17,579 Sean Aylmer: Right. So 15 minutes and then an hour and a half. 67 00:03:17,680 --> 00:03:20,010 Sean Aylmer: The thing I all always get, I suppose I'm not 68 00:03:20,010 --> 00:03:22,889 Sean Aylmer: sure of with a lot of this stuff, presumably, this 69 00:03:22,889 --> 00:03:26,550 Sean Aylmer: is ahead of Australia pushing towards more renewable energies because 70 00:03:26,550 --> 00:03:29,859 Sean Aylmer: the actual electricity or the majority of electricity in Australia 71 00:03:29,860 --> 00:03:33,820 Sean Aylmer: is still not green, but presumably, once JOLTs chargers are everywhere, 72 00:03:34,050 --> 00:03:36,900 Sean Aylmer: they will be providing green electricity eventually. 73 00:03:37,170 --> 00:03:39,171 Doug McNamee: Well, we use 100% green power now. 74 00:03:39,171 --> 00:03:39,172 Sean Aylmer: Oh okay. 75 00:03:39,172 --> 00:03:43,440 Doug McNamee: So we use renewable energy through our network, but you're 76 00:03:43,440 --> 00:03:47,080 Doug McNamee: absolutely right. As the network transitions, or should I say 77 00:03:47,500 --> 00:03:50,440 Doug McNamee: the grid as a whole, it means that people charging 78 00:03:50,440 --> 00:03:53,010 Doug McNamee: at home, people charging on the JOLT network, people charging 79 00:03:53,010 --> 00:03:55,150 Doug McNamee: everywhere, will be using more renewables. 80 00:03:55,410 --> 00:03:57,760 Sean Aylmer: So I'm showing my ignorance here. So where's the power 81 00:03:57,760 --> 00:04:00,100 Sean Aylmer: come for JOLT. What renewables are you using? 82 00:04:00,370 --> 00:04:04,710 Doug McNamee: So we use retail renewable energy, so a 100% renewable energy 83 00:04:04,710 --> 00:04:06,300 Doug McNamee: that we purchase from retailers. 84 00:04:06,440 --> 00:04:09,320 Sean Aylmer: Okay. So I understand that part. So what's your business 85 00:04:09,320 --> 00:04:11,050 Sean Aylmer: model? How do you make money out of this? 86 00:04:11,250 --> 00:04:14,480 Doug McNamee: So we make money from selling power. So when you 87 00:04:14,520 --> 00:04:17,470 Doug McNamee: go past the seven kilowatt hours, you pay 40 cents 88 00:04:17,470 --> 00:04:20,250 Doug McNamee: per kilowatt in New South Wales and 42 cents per 89 00:04:20,250 --> 00:04:23,830 Doug McNamee: kilowatt hour in South Australia. We also sell advertising on our inventory 90 00:04:24,440 --> 00:04:26,369 Doug McNamee: as well. So we have a hybrid business model. 91 00:04:26,720 --> 00:04:29,680 Sean Aylmer: Okay. Where do you think this will be in...? Well, I'm interested in 92 00:04:29,680 --> 00:04:32,170 Sean Aylmer: how many stations there are now and what you expect 93 00:04:32,170 --> 00:04:34,100 Sean Aylmer: in two years and five years and 10 years. 94 00:04:34,500 --> 00:04:37,029 Doug McNamee: Well look, it's very, as I say, we're very much 95 00:04:37,029 --> 00:04:40,360 Doug McNamee: at the start of the journey. Australia needs 35,000 DC 96 00:04:40,360 --> 00:04:43,360 Doug McNamee: fast chargers by 2030 if we're going to meet any 97 00:04:43,360 --> 00:04:46,170 Doug McNamee: of our goals that the state governments have set and 98 00:04:46,170 --> 00:04:48,299 Doug McNamee: JOLT wants to be a part of that in building 99 00:04:48,350 --> 00:04:51,670 Doug McNamee: up our network to about 5,000 chargers. So at the moment, 100 00:04:51,730 --> 00:04:56,350 Doug McNamee: we have, I think it's 18 or 19 fast chargers in Adelaide. We've just 101 00:04:56,350 --> 00:04:59,820 Doug McNamee: built our first two Sydney chargers, which are live in 102 00:04:59,820 --> 00:05:02,000 Doug McNamee: New South Wales in Sydney. And by the end of 103 00:05:02,000 --> 00:05:03,969 Doug McNamee: the year, we hope to get up to 25 fast 104 00:05:04,000 --> 00:05:06,640 Doug McNamee: chargers in Sydney and be the largest fast charging network 105 00:05:06,640 --> 00:05:08,239 Doug McNamee: here and in South Australia. 106 00:05:08,610 --> 00:05:11,880 Sean Aylmer: Presumably the future is about fast charging because people will 107 00:05:11,880 --> 00:05:13,729 Sean Aylmer: want to do it in 15 minutes rather than half 108 00:05:13,730 --> 00:05:15,839 Sean Aylmer: an hour or whatever it takes. Those numbers you are 109 00:05:15,839 --> 00:05:20,440 Sean Aylmer: talking about, are you forecasting that they will grow substantially, presumably, 110 00:05:20,850 --> 00:05:24,349 Sean Aylmer: in coming years as EVs become a more regular part of 111 00:05:25,100 --> 00:05:25,620 Sean Aylmer: the Australian landscape? 112 00:05:25,990 --> 00:05:29,350 Doug McNamee: Yeah look, we're an infrastructure business. Infrastructure takes time. So 113 00:05:29,350 --> 00:05:33,299 Doug McNamee: we're going hard now, but I guess the landscape is 114 00:05:33,300 --> 00:05:38,109 Doug McNamee: for an exponential change. Essentially with electricity or the transition 115 00:05:38,110 --> 00:05:42,720 Doug McNamee: to zero emissions transport, you're essentially unwinding a hundred years of 116 00:05:42,720 --> 00:05:45,370 Doug McNamee: investment in oil and gas, and you've got to do 117 00:05:45,370 --> 00:05:48,029 Doug McNamee: it all in less than 10 years. So the scale 118 00:05:48,029 --> 00:05:52,429 Doug McNamee: of the challenge is significant. Governments globally have set out 119 00:05:52,430 --> 00:05:55,599 Doug McNamee: net zero targets and goals, and to get anywhere near 120 00:05:55,600 --> 00:05:59,099 Doug McNamee: that level of infrastructure in the ground, we have to 121 00:05:59,100 --> 00:06:01,810 Doug McNamee: start building now. And so we know that the back 122 00:06:01,810 --> 00:06:04,520 Doug McNamee: half of the 2020 decade is going to see an 123 00:06:04,520 --> 00:06:08,320 Doug McNamee: exponential shift in transition to EVs. And so, you're going to 124 00:06:08,320 --> 00:06:12,670 Doug McNamee: need to have that infrastructure in the ground from 2024, 2025 onwards. 125 00:06:13,120 --> 00:06:15,250 Sean Aylmer: Okay. Doug, stay with me. We'll be back in a 126 00:06:15,250 --> 00:06:15,339 Sean Aylmer: minute. 127 00:06:20,600 --> 00:06:24,680 Sean Aylmer: I'm speaking to Doug McNamee, founder and CEO of JOLT Charge. 128 00:06:25,240 --> 00:06:28,690 Sean Aylmer: As an infrastructure company, you are trying to cover a 129 00:06:28,690 --> 00:06:32,070 Sean Aylmer: vast land. So you're saying, you're in Adelaide and Sydney, 130 00:06:32,350 --> 00:06:34,990 Sean Aylmer: but presumably, at some point, this infrastructure has to roll 131 00:06:34,990 --> 00:06:37,750 Sean Aylmer: out in regional areas, obviously in the other main cities 132 00:06:37,750 --> 00:06:41,020 Sean Aylmer: as well, and all points in between. How difficult is that? 133 00:06:41,180 --> 00:06:43,230 Sean Aylmer: Not just for JOLT, it's for everyone, obviously. 134 00:06:43,540 --> 00:06:47,380 Doug McNamee: Yeah. Look, it's really difficult. And so I think there's 135 00:06:47,380 --> 00:06:49,840 Doug McNamee: a couple of things in our favour collectively as a 136 00:06:50,130 --> 00:06:52,820 Doug McNamee: species and a nation is that the grid is already there. 137 00:06:53,110 --> 00:06:56,000 Doug McNamee: So being able to leverage infrastructure that was already built 138 00:06:56,000 --> 00:07:01,169 Doug McNamee: and repurposing it for EV charging is something that's going to really be advantageous. 139 00:07:01,560 --> 00:07:04,290 Doug McNamee: What we do at JOLT, is we actually work within 140 00:07:04,540 --> 00:07:08,380 Doug McNamee: existing networks of infrastructure to repurpose that for EV charging. So 141 00:07:08,380 --> 00:07:12,970 Doug McNamee: our partnership with Ausgrid essentially takes existing energy distribution equipment 142 00:07:12,970 --> 00:07:15,460 Doug McNamee: and then also puts EV charging into that. And we 143 00:07:15,460 --> 00:07:18,890 Doug McNamee: think that that is a shortcut because it allows us 144 00:07:18,890 --> 00:07:22,660 Doug McNamee: to be able to put chargers on streetscapes that don't 145 00:07:22,660 --> 00:07:26,081 Doug McNamee: need to have more furniture, more things put in there. 146 00:07:26,081 --> 00:07:26,350 Sean Aylmer: Yep. 147 00:07:26,630 --> 00:07:28,640 Doug McNamee: And we can also go straight to where the power 148 00:07:28,640 --> 00:07:30,900 Doug McNamee: is, which is one of the biggest challenges for EV charging 149 00:07:30,910 --> 00:07:35,070 Doug McNamee: as well. Often when you're looking at placing high powered, 150 00:07:35,070 --> 00:07:38,010 Doug McNamee: fast charging in locations where there's no power, some of 151 00:07:38,110 --> 00:07:40,760 Doug McNamee: the biggest costs are actually bringing that level of energy 152 00:07:40,760 --> 00:07:43,360 Doug McNamee: there and the relevant equipment that you need to do that. 153 00:07:43,790 --> 00:07:45,660 Sean Aylmer: There's not many industries where you can see the future 154 00:07:45,660 --> 00:07:49,390 Sean Aylmer: as well as you can around EVs and Europe, and 155 00:07:49,540 --> 00:07:52,570 Sean Aylmer: now the US under Joe Biden is certainly pushing that way. 156 00:07:52,800 --> 00:07:58,130 Sean Aylmer: Australia doesn't have a government roadmap, at least, notwithstanding industry. BlackRock, 157 00:07:58,130 --> 00:08:00,550 Sean Aylmer: for example, truly believes in it because they're investing in it. 158 00:08:00,890 --> 00:08:04,380 Sean Aylmer: Has the government done enough to provide that roadmap, to actually 159 00:08:04,380 --> 00:08:07,590 Sean Aylmer: make it easier for people like you to be part 160 00:08:07,790 --> 00:08:11,180 Sean Aylmer: of the economy and install the chargers and move the 161 00:08:11,180 --> 00:08:15,650 Sean Aylmer: country towards decarbonisation? I'm not trying to get you political here, 162 00:08:15,650 --> 00:08:18,750 Sean Aylmer: because whether Scott Morrison is right or wrong or the 163 00:08:18,810 --> 00:08:21,980 Sean Aylmer: Nationals or Labor, so that's not the point. It's more the idea 164 00:08:22,070 --> 00:08:24,010 Sean Aylmer: that you got certainty over regulation. 165 00:08:24,500 --> 00:08:28,340 Doug McNamee: Look, it's a great question. There's been some significant milestones 166 00:08:28,340 --> 00:08:31,150 Doug McNamee: over the last 12 months with South Australia, Victoria and 167 00:08:31,190 --> 00:08:34,920 Doug McNamee: New South Wales, all coming out with very clear roadmaps 168 00:08:34,920 --> 00:08:37,840 Doug McNamee: to EV adoption and some targets that go along with 169 00:08:37,840 --> 00:08:41,720 Doug McNamee: that. I think, as a private sector operator, we believe 170 00:08:41,720 --> 00:08:44,250 Doug McNamee: that the consumer will be the one that's going to 171 00:08:44,250 --> 00:08:47,920 Doug McNamee: lead this transition. And what we know is that desirability 172 00:08:47,920 --> 00:08:52,170 Doug McNamee: for purchasing of electric vehicles is exceptionally high and that 173 00:08:52,230 --> 00:08:56,250 Doug McNamee: the growth of EV sales month over month is significant. 174 00:08:56,250 --> 00:08:59,290 Doug McNamee: And at the end of the day, government is very 175 00:08:59,290 --> 00:09:02,679 Doug McNamee: much about creating a regulatory framework for investment, but it's 176 00:09:02,679 --> 00:09:05,480 Doug McNamee: the consumer that's really going to drive that change. And 177 00:09:05,480 --> 00:09:08,900 Doug McNamee: so we know that those fundamentals are there. And so 178 00:09:09,040 --> 00:09:11,460 Doug McNamee: we know that government will catch up if they haven't 179 00:09:11,460 --> 00:09:14,280 Doug McNamee: already done so, but they've done some really good things 180 00:09:14,280 --> 00:09:15,410 Doug McNamee: over the last 12 months. 181 00:09:16,720 --> 00:09:17,910 Sean Aylmer: Okay. But investors are obviously interested in it though. 182 00:09:18,840 --> 00:09:22,770 Doug McNamee: Yeah, absolutely. And why shouldn't they be? We've had, as I 183 00:09:22,770 --> 00:09:25,410 Doug McNamee: was saying before, it's this huge transition. It's a multi- 184 00:09:25,410 --> 00:09:28,620 Doug McNamee: trillion dollar opportunity, not just within the EV sector, but 185 00:09:28,850 --> 00:09:34,570 Doug McNamee: within green hydrogen, shipping, aviation, everything is going to change 186 00:09:34,570 --> 00:09:37,579 Doug McNamee: to a ow carbon alternatives over the next 15 years. 187 00:09:37,580 --> 00:09:40,010 Doug McNamee: And so getting at the forefront of that within the 188 00:09:40,010 --> 00:09:43,730 Doug McNamee: transport sector is one opportunity, but investors should be really 189 00:09:43,730 --> 00:09:47,439 Doug McNamee: excited about this. This is a huge growth opportunity, both for Australia, 190 00:09:47,730 --> 00:09:50,980 Doug McNamee: but also for the individual players within each of the industries. 191 00:09:51,220 --> 00:09:53,790 Sean Aylmer: So what is the plan for JOLT? Do you establish 192 00:09:53,790 --> 00:09:55,319 Sean Aylmer: in Australia then shift overseas? 193 00:09:55,690 --> 00:09:59,840 Doug McNamee: Yeah, absolutely. We're opening an office in London and in 194 00:09:59,840 --> 00:10:02,800 Doug McNamee: Toronto in the coming months. And we're excited about the 195 00:10:02,800 --> 00:10:06,109 Doug McNamee: opportunities that we see in the US and in Asia. So we're 196 00:10:06,110 --> 00:10:07,990 Doug McNamee: very much at the start of our journey, but we 197 00:10:07,990 --> 00:10:11,010 Doug McNamee: are looking overseas as well as the opportunities within the 198 00:10:11,010 --> 00:10:14,040 Doug McNamee: geographies that we don't operate within, in Australia as well. 199 00:10:14,630 --> 00:10:17,120 Sean Aylmer: Are those geographies overseas and Europe, I'm thinking, because there is 200 00:10:17,429 --> 00:10:19,670 Sean Aylmer: so many people in a smaller landmass, parts of Asia 201 00:10:19,670 --> 00:10:21,819 Sean Aylmer: as well, easier than Australia? 202 00:10:22,230 --> 00:10:24,449 Doug McNamee: I wouldn't say that. I would say they're different. 203 00:10:24,600 --> 00:10:24,790 Sean Aylmer: Yep. 204 00:10:25,120 --> 00:10:29,410 Doug McNamee: Where JOLT specialises is in urban charging in dense environments. And so, 205 00:10:29,670 --> 00:10:32,750 Doug McNamee: although Australia's really big, we're doing the same sort of 206 00:10:32,750 --> 00:10:34,950 Doug McNamee: charging that they would do in cities in Europe and in 207 00:10:34,950 --> 00:10:40,380 Doug McNamee: the US. I think every jurisdiction has its advantages and disadvantages, 208 00:10:40,380 --> 00:10:43,610 Doug McNamee: depending on what's going on. The US maybe has a 209 00:10:43,610 --> 00:10:46,850 Doug McNamee: fairly homogenous customer base, but then they have very different 210 00:10:46,850 --> 00:10:50,319 Doug McNamee: regulatory environments, state to state. I think in Europe, there's 211 00:10:50,390 --> 00:10:55,900 Doug McNamee: some really strong political guidance and framework and opportunities to, 212 00:10:56,200 --> 00:10:59,559 Doug McNamee: I guess, invest underneath that is an advantage as well. 213 00:10:59,559 --> 00:11:03,809 Doug McNamee: So everywhere, in our minds, we look at the opportunity as a 214 00:11:03,809 --> 00:11:07,650 Doug McNamee: young company would. And we see lots of opportunity, is 215 00:11:07,650 --> 00:11:08,449 Doug McNamee: how to sum that up. 216 00:11:08,809 --> 00:11:10,469 Sean Aylmer: Well, good luck with it, Doug. Thank you for talking 217 00:11:10,470 --> 00:11:11,240 Sean Aylmer: to Fear and Greed. 218 00:11:11,450 --> 00:11:11,930 Doug McNamee: Thank you, Sean. 219 00:11:12,280 --> 00:11:15,500 Sean Aylmer: That was Doug McNamee founder and CEO of JOLT Charge. 220 00:11:15,500 --> 00:11:17,610 Sean Aylmer: This is the Fear and Greed Daily Interview. Join me 221 00:11:17,610 --> 00:11:20,209 Sean Aylmer: every morning for the full Fear and Greed podcast, with 222 00:11:20,210 --> 00:11:22,309 Sean Aylmer: all the business news you need to know. I'm Sean 223 00:11:22,309 --> 00:11:23,420 Sean Aylmer: Aylmer. Enjoy your day.