 Oh well, what's up money geeks Mr V here. Welcome to another video guys. So into this video We are going to talk about ticker symbol XL So XL fleet in fact, that's the name of the company is a company that just recently Know started trading publicly through a merger, you know, I didn't cover that merger here on the channel So but after really looking into this company I want to make sure that I give you guys the opportunity to decide if you want to invest in the company Or not because I think the business model is really interesting and Should have a really huge play in the direction of what we call electric vehicle Revolution so we're gonna talk about that in today's video But before we get started guys, if you're new to the channel, we took about how to earn money How to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell to you Don't miss out on new content. So basically what these guys do is it's kind of what I call clean energy Company, but what they do is they don't go into the business of actually manufacturing their own trucks or event they simply retrofit their solution into pre-existing trucks like the Ford F-150 the Chevy trucks and also some other vans that you see out there in the marketplace So I think it's brilliant and in that way, they don't have to worry about You know trying to design a new car or new truck or new van All you have to do is bring what you have to us Retrofit a solution into it and you are off to the races, which I think is smart because if you think about it today We're not just gonna just get away from fossil fuel overnight We still have a long ways to go and if you look at most of the trucks that are out there on the road today They are still gasoline and so we start converting those Vans or trucks into a semi electric. I think there is a huge market for that So if you look at some of the solutions here, so let's just walk through it So they have their XL hybrid so the XL hybrid system delivers a 25 percent mile per gallon Increase and a 20 percent reduction in co2 emission for class 2 the 6th fleet that is brilliant So 20 percent reduction in co2 that's awesome compared to what we have today And you have the XL plug-in so the XL plug-in system installs Simulously on to the Ford f-150 key here is the Ford f-150. That's the number one Selling truck in America today pick up truck in America today So the fact that they they can retrofit that into that f-150 it means they are on to something good here So the Ford f-250 pickup trucks as well Delivering a 50 percent Mouth per gallon increase and a 33 percent reduction in co2 emission that is massive So I'm really sorry. I'm really liking what I'm seeing here X and then you have the XL link excellent lane provides fleet with addition actionable intelligence on their vehicle electrification matrix, so I think XL in is just some of the Software's on tools that they provide may have the XL green XL green provides a suit of charging and power solutions to support fleet electrification So again if they also start creating your own charging stations They could be competing with companies like bling and charge point who knows but in the meantime What we see right now is that they can take pre existing Vans and trucks and convert them to Hybrid or electric vans and trucks, which is great So look at just kind of a small summary here 2.5 million plus gallons of fuel saved so far 25,000 plus metric tons of co2 reduced and 20,000 plus hours of driver productivity at it So that's pretty good. And then look at some of your partners here. They have Yale Verizon They have FedEx and some really big names out there that are currently working with them again If you can see here, they have their Chevy truck. They have Delivery vans in and then oh, I mean like pretty much Vans bosses in these are these are things that we use on a daily basis So the fact that these guys are really going in and turning these pre-existing vehicles into Hybrid is it's a business model that it's going to be around for a long time because again like I said It's going to take a minute before we completely transition into Electric vehicles. So what we have to do the trucks that we have today we can start converting them So again, it's you're talking about 10 15 20 30 years before we can do a full transition So these guys are going to be around for for that long. So again, that's pretty much their business model I personally read when I looked at the company. I like exactly what I see The fact that these guys are not going out there and trying to reinvent the wheel They're just looking what is there and retrofitting the solution into it to me That's the key for this company to succeed and to be profitable. So I really like it as to when we were doing This video guys right here guys Excel fleet is currently trading at twenty nine dollars So if you see like when they did that debut after the merger it popped all the way to 35 and then kind of pull back now It's sitting somewhere around twenty nine dollars. So I'll still be watching to see maybe around that 20 25 26 price point. I will start going into this one and picking up some positions Again always try to wait for some of this pullback because what usually happens is that after every merger The stock price will kind of just you know skyrocket and then set it down People's take profit and they'll pull back down you can get in and then hold it long-term and write that momentum all the way So give this one a little bit of time to kind of pull back a little bit and give us a good entry point again I really like 25 26 dollar price point to get into this one and again If he doesn't come back then there you can start buying a little bit up there at about 28 Start putting in order pick up a few shares and then slowly add as if the price goes down So dollar cost average your way down. So again guys that is it for this video I just want to make sure that I cover Excel fleet here because it's an electric Vehicle stock, but the way they go about with your own business model a little bit different from all the other ones That we've seen here in the market where they're trying to start and build the electric vehicles from scratch These guys are just basically retrofitting into existing vans and trucks and buses which makes them already steps ahead So if you look at companies like Nicola where they're trying to make everything from scratch these guys are not there So I think this is brilliant. So let me know in the comment section What you think about Excel fleet and also do you have in your portfolio if not What do you think about your business model and so if you're new to the channel guys We talk about how to end money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell too You don't miss out on new content. And also if you're looking to get started with investing guys We both is currently doing their promotion right now If you sign up and deposit hundred dollars to get full free stocks link in the description below And that's always guys always do your due diligence. Don't be a greedy savage. Stay motivated