October 7, 2022

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All The Technology

How Re-Building Ukraine To Be A Technology Powerhouse Can Protect It Through The Future Of EV

The rebuilding of Ukraine may be a subject most people are not yet willing or wanting to talk about. We don’t really know when the conflict will come to an end or what is around this very sharp corner for the country. If any other major confits or wars over the recorded history of man have taught us anything, the rebuilding of a thriving society is the key to growth and prosperity for it’s future, like the trimming of plant life to help accelerate growth.

To build a new economy from the ashes of war takes a set of connected assets. What Ukraine becomes has yet to be determined. Will it become a split nation like post-war Korea with differing ways of governing? Or will if reunify as one stronghold with either western or European Union values or fall under Putin’s post USSR Russia? Only time will tell.

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One thing we do know is that Ukraine has the core assets to thrive if afforded the opportunity from this dark period. From a density of science-based undergraduates, a history of working as a key IP development arm for technology, defense (drones) and financial firms from Cisco to Microsoft and Samsung and a clearly different salary structure for technically skilled people (ten times more than the Ukrainian average salary). 50% of Israeli start-ups speak Ukrainian or Russian so funding that brain drain to stay in Ukraine will be key.

Strong, technology-based countries with unique IP being turned into products and services are increasingly protected in the long run against military incursions. There is also a large enough population in Ukraine to drive substantial changes in areas like energy independence as ideas like EV take off. The unique combinations or skills and experiences should enable Ukraine to take a significant leap in EV and the needed infrastructure to deliver a more seamless consumer experience.

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Some key elements of Vitaly’s EV perspectives in the US

· By 2027 60% of the US population will consider an EV. Price parity will drive success here (acquisition and running costs) and it is within reach when we get a to common $40,000 EV vehicle.

· Charging infrastructure one of the big concerns for customers even although there are twice as many public charging stations as gas stations in the US. 45k gas stations v 90k public charging now.

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· 98% of infrastructure is here – we just have bad habits that will take time to change. We need 350 Khw and some urban or rural areas are not going to be suited for the EV rollout yet.

Vitaly Golomb is a technology investment banker with over 20 years of experience as a venture-backed CEO, venture capitalist, M&A, and financing advisor. Before joining Drake Star, Vitaly was the Founder and Managing Partner at GS Capital and a Founding Partner at HP Tech Ventures, recognized as a Global Corporate Venturing Rising Star. He’s author of the bestselling book Accelerated Startup and has been ranked as one of the top mentors to a dozen global startup accelerators.

Drake Star is a leading mid-market global tech investment bank that has completed over 450 transactions. with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Dubai, and Singapore.

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