Categoría: Influencers

NEW YORK, March 4, 2021 /PRNewswire/ — The latest CEPRES Private Capital Market Outlook highlights the impacts of COVID-19 and offers an economic review of 2020, an analysis of the last quarter of the year, and insights for 2021.

The 4% GDP expansion in Q4 was driven by increases in consumer spending, exports, non-residential fixed investment, residential investment, and inventories. However, GDP expansion was still weighed down by declines in government spending at the federal, state, and local levels. Specifically, consumer spending increased by 2.5%, exports rose by 22% and gross private domestic investment surged by 25.3% while government spending contracted by 1.2% that was primarily due to an 8.4% decline in non-defense spending.

US buyout investment volume rose by almost 40% QoQ and YoY, making Q4 2020 one of the strongest quarters in terms of equity value invested in buyout transactions. In terms of venture capital, US investment volume during the last quarter of 2020 declined by 10% QoQ, but remained ahead of the same quarter in 2019 by almost 20%. Despite any setbacks in investment activity resulting from Covid-19 lockdowns and economic recessions, the overall growth of the private markets asset class over the past two decades is clear, as an analysis of Median Deal Gross IRR demonstrates. As the asset class matures, it should be expected to continue to grow over the next 10 years.

As for the economic outlook on 2021, CEPRES expects that this will depend on the progress made toward wide-spread COVID-19 vaccinations.

The full report is available to CEPRES subscribers: https://www.cepres.com/latest-intelligence

All analysis is generated from investment and portfolio due diligence conducted on the CEPRES Platform by investment counterparties, based on actual transactions. More information and further detailed analysis is available to CEPRES clients and upon request.

Commentary:
«Moving into Q1, investors should be aware that political and public health conditions will have a direct impact on Private Markets. In the US, transportation assets, social infrastructure assets, and clean technologies are a common theme across strategies, due in part to federal promises to invest in infrastructure and renewable energy. However, any increases in spending will be largely dependent on the wide-spread availability of vaccines.»

Dr. Daniel Schmidt, Founder & CEO, CEPRES.

About CEPRES
CEPRES is the leading Invest-tech and Data Company for Private Markets. Through our digital solutions we deliver the highest quality investment data and innovative analytics that empowers investment professionals to achieve better investment outcomes. CEPRES was the first to provide look-through analysis and the first to deliver multi-factor forecasting models for private equity funds. Today thousands of LPs and GPs connect and securely exchange investment data via CEPRES in the largest private market network in the world. Now encompassing over 8,400 funds and 86,000+ PE-backed companies worth $32 trillion USD.

CEPRES combines an award-winning, highly intuitive investment decision platform with the most secure digital investment network and a team of industry experts to provide an ecosystem to empower private market professionals. While maintaining full confidentiality and control of their data, CEPRES clients have access to a unique range of market intelligence and corresponding tools, streamlining Portfolio Building, LP Due Diligence, Portfolio Monitoring, Deal Comp analysis, and more—all, in one secure, customizable environment.

For further information visit www.cepres.com.
For more information or to schedule an interview contact us:

Tel: +49 (0) 89 232 495 610
304404@email4pr.com

 

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SOURCE CEPRES

SAN FRANCISCO, March 4, 2021 /PRNewswire/ — Volta Industries, Inc. (Volta), an industry leader in commerce-centric electric vehicle (EV) charging networks, announced today that it has named Julie Rogers as Chief People Officer. Rogers previously led the People function at Komodo Health, a healthcare data insights platform.

In her new role, Rogers is responsible for leading Volta’s people function, including scaling culture, designing organizational structure and implementing leading practices. Reporting to Scott Mercer, Founder and CEO of Volta, she will provide strategic direction and expertise for the full scope of the HR function.

Rogers brings more than 25 years of diverse People, Leadership and Talent Development experience in high-growth technology, sales and retail industries. Most recently, she led the global People functions at Komodo Health, Culture Amp, and Atlassian. She is an advisor for early-stage companies in the peopletech space, and actively supports, advocates for, and invests in female-founded and -led businesses.

«Julie’s experience leading companies through periods of high growth while creating an environment for employees to excel will be imperative as we accelerate our business plan,» said Scott Mercer. «As Volta continues to evolve, the key to our success is our people. Julie’s talent for establishing best practices and gaining insights into what motivates and attracts talent will be a tremendous asset to our leadership team.»

Volta’s EV charging business model is unique to the market. Centered around evolving spending habits caused by the move to electric vehicles, Volta is transforming the fueling infrastructure by building charging networks in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations. Volta’s charging stations feature large eye-catching digital displays that function as a sophisticated media network, providing brands a way to reach millions of shoppers moments before they enter a store. These sponsor-supported charging stations provide energy to customers who are able to plug in their vehicles where and when they shop. Volta’s business partners who choose to have Volta charging stations installed report an increase in spend, dwell time and engagement on site. Currently located in 23 states and over 200 municipalities, Volta’s approach has gained significant acceptance and penetration in the market. 

«I am excited to join a company that is reimagining the way people interact with our fueling infrastructure. Volta’s mission and culture provide a unique environment for individuals who want to have a direct impact on this revolution, while contributing to their own professional growth and development. I look forward to advancing our business mission through the People lens,» said Rogers.

About Volta

For over a decade, Volta has been building a nationwide electric vehicle charging network to drive the world forward. Named after Alessandro Volta, the inventor of the electric battery, Volta’s award-winning charging stations benefit brands, consumers, and real-estate locations by providing valuable advertising space to businesses and free charging to drivers. Strategically located in places where consumers already spend their time and money, Volta’s chargers are among the most used electric vehicle charging stations in the United States.  Headquartered in San Francisco, Volta is bringing to communities the means of building a sustainable fueling network for the 21st century. To learn more, visit www.voltacharging.com.

In February 2021, Volta and Tortoise Acquisition Corp. II (NYSE: SNPR), a publicly traded special purpose acquisition company with a strategic focus on energy sustainability and decarbonizing transportation, announced they entered into a business combination agreement. Upon the closing of the transaction, which remains subject to customary closing conditions, the combined entity will be named Volta Inc. and remain on the New York Stock Exchange under the new ticker symbol «VLTA».

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SOURCE Volta

TORONTO, March 4, 2021 /PRNewswire/ — Worksport Ltd (OTC: WKSP) (or the «Company») is announcing that following the success of their previously oversubscribed Regulation-A public offering, the Company has received over US$2,300,000 from investors who have exercised their warrants. Having close to 20% of outstanding warrants exercised in such short order following the closeout of the offering again signals the strong interest and support from Worksport’s dedicated investors and shareholders alike.

This additional influx of capital will go to work towards its strategic North American and Chinese manufacturing investments as well as in the development of its TerraVis™ solar tonneau cover system and TerraVis COR™ mobile energy storage system (ESS). 

«We would like to take this second opportunity to again express our sincere gratitude by thanking those who invested, continue to share our vision of a bright future, and managed to exercise their warrants in a quick turnaround,» said Worksport CEO Steven Rossi.  «We are in the midst of a major growth period for the Company as we continue to receive this additional working capital that will all but ensure the realization of both the TerraVis™ tonneau cover system and its allied TerraVis COR™ mobile energy storage system to market.  As was stated earlier this week, the Company is deep in discussions with high profile market players as strategic means for rapid & sustainable growth.  Worksport has a myriad of amazing developments in the works and will be updating shareholders on several projects as they become material.» 

Investors are reminded that they may redeem their warrants anytime within a period of 12 months from the time of their investment at a price of 20 cents ($0.20) per share.  Worksport strongly encourages investors to exercise their warrants before they expire, especially as they are currently in the money as of the time of this writing.  Warrant redemption can be executed directly with Worksport by emailing the completed warrant redemption form (previously emailed to them) to Faran Ali at fali@worksport.com. They may also call 1 (888) 506-2013 or (917) 793-1634 for assistance through the process.

To stay up-to-date on all the latest Worksport news… investors, shareholders, and supporters are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com and www.goterravis.com. Worksport will continue to update investors, shareholders, and supporters to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.

About Worksport Ltd.

Worksport Ltd. (currently OTCQB: WKSP) develops and manufactures high quality, modular, attractively priced tonneau covers and solar-powered systems for light-duty trucks such as the Sierra, Silverado, Canyon, RAM, Ford F-Series, et al. and consumer adventures & emergency/ disaster-recovery purposes, where portable energy is a necessity. The modular, redefining Worksport TerraVis™ tonneau cover system is being mindfully designed for the jobsite contractor and off-road, light-duty trucker – for work and play – to sustainably supply extra energy for those additional miles.  Its allied TerraVis COR™ mobile energy storage system (ESS), expected to launch by end of 2021, will be another redefining product targeted for vacationers, second-home owners, and campers.  Plans are also being constructed to address the dire adoption & scaling needs of the EV markets with grid micro-charging stations to provide convenience and efficiency in recharging to smaller form-factor EVs.  For more information, please visit www.worksport.com and www.goterravis.com.

Connect with Worksport:

LinkedIn

Facebook

Twitter

Instagram

Forward-Looking Statements
This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Company estimates, forecasts, and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd.’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. 

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SOURCE Worksport

SEATTLE, March 4, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The median home-sale price in urban areas nationwide rose 15.9% year over year to $292,263 in the four weeks ending February 21, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. This compared with a 15.5% increase to $332,291 for homes in suburban neighborhoods and a 14.3% increase to $284,593 for those in rural neighborhoods.

Although price growth is just slightly higher for homes in urban areas than the two other neighborhood types, it marks the first time since March 2020 that home-price growth in urban areas has surpassed that of suburban and rural places.

While suburban and rural homes are still hot, housing market data is illustrating renewed homebuyer interest in urban areas as coronavirus vaccines deliver hope for a return to an urban lifestyle. Price growth in urban areas is near a record high, while rural price growth reached a peak of 17.9% in October and has declined since then.

Homebuyer interest in rural areas spiked at the beginning of the pandemic in April when city life ground to an abrupt halt and remote work and homeschooling became commonplace, and the rural housing market remained hot through the summer and fall.

«For all the talk of an urban exodus, the housing market in cities is as hot as we’ve ever seen it, especially for single-family homes,» said Redfin Chief Economist Daryl Fairweather. «There are plenty of buyers out there with deep pockets who are coming out ahead financially during the pandemic. They want a house with lots of space while they are still working from home, but they also want to live in a walkable area near urban amenities as shops and restaurants reopen. Those wealthy buyers are willing to pay high prices to have it all.»

Baltimore, Detroit and Cleveland, all relatively affordable metro areas, are helping drive national urban price growth. Home prices in urban parts of Baltimore were up 37.8% to $180,938 in the four weeks ending February 21, the highest growth of the 50 largest U.S. metros. Prices in urban Detroit were up 37.7% to $78,990, and they were up 33.4% to $103,875 in Cleveland. 

On the other end of the spectrum, urban price growth is slowest in expensive metros. Home prices in urban parts of San Francisco, the only place where urban prices dropped in the four weeks ending February 21, declined 1.4% to roughly $1.3 million. Prices in urban parts of New York rose just 2.2% to $664,350, the smallest growth of any metro, followed by a 5.5% increase to $475,321 in Washington, D.C.’s urban areas. The suburban neighborhoods in all three of those metros are experiencing bigger price growth: 7.1% in San Francisco, 13.5% in New York and 8.3% in Washington, D.C.

Nationwide, price per square foot has been growing fastest in urban areas since the beginning of February. Like overall price growth, it’s the first time that has happened since before the pandemic. The median price per square foot of homes in urban areas rose 17.9% in the four weeks ending February 21, compared with 15.9% for suburban neighborhoods and 15.5% for rural neighborhoods. The fact that price per square foot is growing fastest in urban areas is an indication that homebuyers are placing a premium on space inside cities.

Prices are rising faster for single-family homes in urban areas than single-family homes overall. Price per square foot for single-family homes inside cities nationwide rose 16% year over year in January, compared with a 14% increase for single-family homes in metro areas, which include suburbs, rural areas and cities. Condos in metro areas saw price per square foot rise 6% year over year, and condos in cities experienced 4% growth.

«During the summer and fall, buyers were searching for more indoor and outdoor space, even if it meant moving out past the suburbs. But I think we’ve passed the peak of that trend and people are starting to come back to the city,» said Seattle Redfin agent Bliss Ong. «The hottest areas are residential neighborhoods inside city limits. Buyers aren’t necessarily looking for condos downtown, but some of them are placing a premium on walkability and proximity to shops and restaurants again.»

Growth in pending sales in urban areas surpasses suburbs

Pending home sales were up 25% year over year in urban areas in the four weeks ending February 21, compared with 20.8% in suburban areas and 32.1% in rural areas. Growth in pending sales—an indicator of current homebuyer interest—in urban areas started to outpace that of suburban areas since the beginning of February, a reversal from the trend since at least the beginning of the pandemic.

Closed home sales were up slightly in all three neighborhood types in the four weeks ending February 21: 4.7% in urban areas, and 3.6% each in suburban and rural neighborhoods.

Home supply dropped by double digits in urban, suburban and rural neighborhoods

The total number of homes for sale in urban areas fell 21% in the four weeks ending February 21, compared with a 42.9% in suburban neighborhoods and a 46.6% drop in rural areas. There’s a severe shortage of homes for sale throughout the country, regardless of neighborhood type.

New listings of homes for sale were down 5.2% in urban areas over the same time period, the biggest drop since June. Meanwhile, new listings declined 13.7% in both suburban and rural neighborhoods.

Homes in suburban areas are selling fastest, and median days on market have fallen by double digits in all three neighborhood types

The typical home in an urban area spent 38 days on the market before going under contract in the four weeks ending February 21, versus 31 days in suburban areas and 42 days in rural areas.

Homes in urban areas are selling 16 days faster than a year ago. Homes in suburban neighborhoods are selling 24 days faster than last year, and in rural areas they’re selling 35 days faster.

Homes in all three neighborhood types hit record lows in terms of days on market in the fall before swinging slightly upward over the last three months.

Metro areas with highest and lowest price growth for urban areas

 

To read the full report, including charts and methodology, please visit: https://www.redfin.com/news/urban-price-growth-surpasses-suburban-rural

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 95 markets in the United States and Canada. Since our launch in 2006, we have saved our customers nearly $1 billion and we’ve helped them buy or sell more than 310,000 homes worth more than $152 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

 

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SOURCE Redfin