The Potawatomi Business Development Corp. (PBDC) has created a new business unit that will focus exclusively on researching and deploying offerings in the electric vehicle (EV) technology space. PBDC is actively establishing a set of commercially viable initiatives and products that may include partnerships, joint ventures and acquisitions.
Randy Mueller, CEO of PBDC, said the company will take a broad approach to its evaluation of market opportunities, including segments beyond charging and batteries.
“We are looking at enabling technologies such as merchandising applications, integration applications, software OEMs, and POS integration applications and integrators,” said Mueller. “This approach aligns well with other EV efforts the Forest County Potawatomi Community has already established.”
PBDC says it has noticed a growing need for electric vehicle technologies across its customers and subsidiaries and has positioned the new business unit to develop innovative solutions to meet this need. The organization plans on collaborating with strategic partners in the academic, industry, governmental and research sectors to build its platform of EV offerings.
“The Forest County Potawatomi Community has at its core an enduring commitment to the environment and building a sustainable and healthy world,” said Mueller. “We believe strategic investing in the electric vehicle ecosystem will build a long term and profitable high growth business for the Tribe while expanding their footprint and commitment to sustainability.”
The PBDC was formed in 2002 as the economic development and income diversification business of the Forest County Potawatomi Community. The organization is headquartered in Milwaukee. Resources generated by PBDC and its holdings help diversify the tribal economy that supports Forest County Potawatomi’s tribal government.