On today’s show, Robert Leonard talks with Peter Cuneo and Avinash Rugoobur to discuss SPACs and its surge in popularity as well as the future of Electric Vehicles. Cuneo is the current Chairman of CIIG which is the SPAC acquirer of Arrival. He is most known as the former CEO of Marvel Entertainment and is the catalyst in taking it out of bankruptcy. After 10 years, eventually it was sold to the Walt Disney Company for $4.3 billion. A theme in his career has been service to public companies and public boards. He also has a business with his 2 sons where they invest venture capital for media and entertainment. He also serves on the board of the National Archives in Washington where he is the Chairman of the Development Committee. Rugoobur is the current President of Arrival. He was former Head of Strategy and M&A at GM Cruise. He started his career as an engineer with a background in mechtronics and computer science. He also created, with his three friends, a chocolate lounge, called Bliss Chocolates, in India, which was the first of its kind, that rapidly gained success in a short amount of time partnering up with brands like Louis Vuitton, Audi and others. He is also the Director and Co-Founder of Curve Tomorrow which takes medical research and translates it into products for doctors, nurses and patients. The key theme to his career is innovation, to be able to look ahead and recognize what was going to become and was going to be important to the people, the market and the world. IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:10:06 - What is a SPAC 0:11:44 - Why is there an increase in SPAC’s popularity especially during the current volatile economy 0:12:57 - Why did Arrival choose to go public through SPAC rather than a traditional IPO 0:30:00 - Why Electric Vehicles (EV’s) have become popular with investors lately 0:35:43 - The future of EV’s and the biggest barriers on its adoption 0:41:47 - What is the difference of Arrival and Tesla 0:44:50 - What is a Micro factory and how it works 0:50:40 - How to balance ESG principles with building a profitable business 0:54:34 - How Autonomous Driving is intertwined with EV’s and how they differ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM To access our show notes, courses or forums, go to https://www.theinvestorspodcast.com/millennial-investing/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ADDITIONAL INVESTING RESOURCES: Intrinsic Value Assessments: https://youtube.com/playlist?list=PL_xlkwLDH1F83cEZmzT-ZfCWcxpEzKQr- Millennial Investing Explained: https://www.youtube.com/playlist?list=PL_xlkwLDH1F-NVcnR47rMkT0ByTWQBvBf We Study Billionaires: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU Bitcoin Fundamentals: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ Millennial Investing: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W Real Estate 101: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn Asset Allocation Course: https://www.youtube.com/playlist?list=PL_xlkwLDH1F9coxc1aExB8xbw9daFDF6P ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/your-questions ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.