Fighting #RangeAnxiety… ChargePoint, one of the oldest and largest EV-charging networks, is juicing up to report tomorrow after posting ~60% quarterly revenue growth in June. It has 20K+ locations (think: Best Western lots). But it’s got competition from Tesla, whose superchargers make up 6 in 10 fast chargers in the US and Canada. ChargePoint recently said it’ll offer Tesla’s plugs in addition to the gov’t-backed Combined Charging System. Ford and GM said their new EVs will use Tesla’s standard, and ChargePoint doesn’t want to lose customers.
Oscar de la Rental… Rent the Runway reported rising revenue and slimmer losses in June as subscribers spent as much as $193/month to rent fits by Coach and J.Crew for work events and weddings. But competition’s nipping at its (high) heels: Urban Outfitters expects its rival subscription service, Nuuly, will turn a profit this year and eventually become a $1B biz. Though RTR is a decade older, newcomer Nuuly already has 150K+ subs — more than RTR had when it last reported. We’ll see if RTR gained momentum when it reports Friday.