Koch Industries has developed a partnership in EVBox Group, a pioneer in the development of electric vehicle charging station solutions. With that comes a vision to craft a mutually beneficial long-term relationship, said Koch Strategic Platforms Managing Director Jeremy Bezdek in a new interview with The Road to Autonomy podcast hosted by Grayson Brulte.
“We don’t view ourselves as commodity capital. We view ourselves as capital that brings capability,” said Jeremy, who leads KSP’s efforts on energy transformation, one of the group’s four focus areas. “The concept of mutual benefit is real. It is important to us. We have already started conversations around Koch about who may be able to provide capability to EVBox.”
There are already 13 companies within Koch looking at ways to help EVBox grow since announcing the partnership in February, Jeremy said, specifically with its rollout in the United States – from logistics to construction materials and more. That, he added, reflects the Koch Labs concept, in which external partners such as EVBox can develop and test their innovations at scale, and Koch businesses and employees can discover new ways to transform.
“With their footprint, their European leadership position, and quite frankly, our energy transformation vertical it made sense. It was a perfect fit for what we were looking for,” Jeremy said. “With the vision that Kristof had to do a U.S. rollout, we felt that our capability could be applied to help them. It was a perfect fit for us to invest.”
Joining Jeremy for the discussion, EVBox CEO Kristof Vereenooghe also shared his outlook on the U.S. market and developing a partnership with Koch. "Koch will also enable us to create success stories and build fit-for-purpose products while benefiting from their expertise in the U.S. markets and on a global scale," Kristof said.
KSP President David Park has also shared Koch’s Vision is guiding the partnership with EVBox. "Our investment in EVBox demonstrates Koch's continuous commitment to evaluating specific industries for potential investment opportunities, including the energy transformation space,” David told Mergers & Acquisitions.
Listen to the full podcast here.