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NGP Capital - Smart Cities 2018 - Paul Asel


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NGP Capital - Smart Cities 2018 - Paul Asel

  1. 1. NGP Capital Smart Cities: Building Partnerships, Attracting Investment October 2018 Paul Asel, Managing Partner, NGP Capital Twitter: @PaulAsel LinkedIn: Paul Asel
  2. 2. Proven Success $1B+ $1.2B AUM $350M Experienced Investors 2005 Global Perspective US, Europe, Asia one fund global reach Strong Portfolio In latest fund Stable, 13+ year partnership 80 companies including 7 $1 billion companies NGP Capital Overview
  3. 3. NGP Investments in Smart Mobility Smart Commute Smart Logistics (Meican)
  4. 4. Smart Cities essential to Smart Logistics & Commutes Smart Commute Smart Logistics (Meican) Government engagement vital to business success
  5. 5. Effective Smart Cities & Smart Mobility Partnerships & & & & &&
  6. 6. Smart Cities: a rapidly changing landscape Traditional Partnerships Negotiated – single party provider City subsidized – taxpayer funded Corporate sponsored & branded Collaborative – public private partnerships City decides extent & nature of service Long time to market: 2-4 years Small, limited scale: 26M shared US bike rides in 2016 New Approach Competitive – many companies vying for control  Uber v. Lyft & Lime v. Bird Transport operators pay – free to cities Transport operator sponsored & branded Disruptive – operator “demonstration projects” Residents decide – consumer driven Rapid response: companies opening cities weekly Massive scale: 1,000M shared bike rides in Beijing in 2018 6
  7. 7. Smart Cities: Reconciling City, Consumer & Operator Interest 7 Cities & Operators have a shared interest: City: welfare of city residents Operators: satisfied customers Shared transport is a win / win solution Healthy, green and low cost transportation enhancement Better use of resources: less congestion, reduced parking required Consumers win: faster, cheaper commutes Cities win: less congestion, higher public transport usage, more equitable transport options
  8. 8. U.S. Smart Cities Reimagined 8 Denser cores serving a broader metro area More equitable shared transport options = bikes, scooters, mopeds, cars, multi-passenger vehicles Higher shared/public transport use = less congestion, lower cost, faster commutes Parking coverage reduced from 25%+ to 5-10% of urban area = more green space City cores 2-3x more residents = more walkable, greater availability of services Distributed communities served by high speed rail = taps larger, more diverse talent pool Benefits to city residents Broader range of residential options: greener cities with less congestion Reduced average commute times saving 100+ hours per worker per year More equitable transport: lower cost commutes from 10-20% to 5-10% of annual income Smart logistics: higher availability of services & reduction of food deserts