Registering an out of state leased vehicle in California when you move here.

September 7, 2013

This is just a quick post to hopefully help others who also find themselves in a similar situation as I did, and have to register a car they leased in another state in CA when they move here.

I very recently moved from Boston, MA to Palo Alto, CA. My family moved with me and we brought our leased car(s) with us.

I knew that I would need to register my car in California, get new license plates and change my license. I spent a lot of time on the phone with the leasing companies, their finance departments, on CA DMV website, and even showed up at the DMV during a CA trip to see if I could get some arty around the process. Unfortunately there is scarily little available online (at least my experience) on how to register a car, that you may have leased in another state and hence are not the owner and title-holder, in CA.

Car lease companies actually gave me some if the most confusing information. They kept telling me to go to the DMV and ask them to contact the car lease company and request a copy of the original title. They told me there is a special firm for this at the Dmv but didn’t know its name/number, and i searched the DMV website but didn’t find any such form. I was told by the lease company that somehow once the DMV gets that information I will need to go back to the DMV and fill out the application forms etc. That process didn’t make enough sense to me – I just didn’t see how I could just show up and say “Hi Mr/Ms DMV: can you please, ummm, call my leasing company on this number and get whatever you need?” I didn’t want to waste a day at the DMV.

Anyways – I asked friends on FB and Twitter if they had any advice, and lo and behold, social media came to the rescue. A friend had gone through this process herself and guided me. It is actually quite simple. And it worked for me today. Here’s how it goes…

1. Have your out of state car registration document with you.
2. Make sure you get a smog check done and have the report with you. Cost me $34.99.
3. Ask your lease company to send a “limited power of attorney for registering car in another state” and a copy of the original title to your home address. Bring those with you.
4. Bring your out of state drivers license (and your passport if you also want your CA drivers license). By the way: you need to do all this within a few weeks of arriving in CA so start the process with your lease company even before you move.
5. Get an appointment in advance with the DMV by going online. It can be a zoo if you don’t have an appointment.

Once you get to the DMV, look for window that says “By Appointment”, and let them know you have arrived. They will give you applications to fill out and make you go outside to bring your car to the appropriate place for “Verification Check”. Basically somebody will walk around your car, peek under the hood, take mileage information etc and give you a filled out verification form.

Fill out the application for registering a car that you will be given (don’t worry about price of car, just guess, and write in “lease” since there is no option for that).

You will be given a ticket number, wait for your turn, go up to the designated window/desk, hand over the documents with the filled-in application form and you will soon have new number plates and registration documents in your hands. Fee is $241 and you can only pay in cash, check or Debit/ATM card. No credit card.

I also filled out my driver’s license application on the spot and paid the $32 fee. They needed to see my passport as a second form of ID. I didn’t have to take a driving test but did take a written exam. I had not prepared but thankfully I only got 3 answers wrong when I was allowed to have 6 wrong answers out of 36. I didn’t know better, but you would be better off grabbing a CA driver’s handbook (copies lying around DMV) and reviewing it for 30 minutes before the test. Smile for your photo as you will be stuck with it for a while.

Good luck!

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A new chapter in my life – investing in our future.

May 9, 2013

New-BeginningsI spent much of the day yesterday with Salman Khan of Khan Academy, walking around the MIT campus and at events geared towards raising awareness and funds for his amazing effort to democratize education for all people of the world.  It was nice for both of us to walk around the campus where we not only got educated and ‘grew up’, but also found our spouses and some life-long friends. At one point in his talk at MIT Sal said “I am having the time of my life. I am pursuing my passions”. I could not agree with him more. As an entrepreneur and an investor, I have been privileged to be able to do the same for the last 10 years of my life. A new chapter in that life begins today as I announce starting June I will join Lux Capital as a partner in their Palo Alto office to continue to do what I am passionate about: investing in our future.

Lux Capital is a NYC and Palo Alto based venture capital firm focused on founding, seeding and making early stage investments in emerging technologies. I have known Lux for many years, we have co-invested together in the past, and have spent a lot of time learning from each other about ideas, innovations and themes that would be considered extra-ordinary even for our innovative times. My partners at Lux – Josh, Peter, Rob and Adam – are entrepreneurs at heart who share my mission to partner with great entrepreneurs early to help them build great companies. As friends I have found them to be humble and genuinely nice people, and as professional colleagues I find them intellectually curious, rigorous and honest – ready to roll up their sleeves and do what it takes to help entrepreneurs achieve their successes. I am excited that with their help, and with the help of the rest of the awesome Lux team, I will be able to focus on identifying and leading early stage investments across Energy, Technology and Healthcare sectors.

We are living in extra-ordinary times where innovation is happening at an unbelievable pace across so many different disciplines. During the last 15 years that I have spent on academic campuses and then in the startup world I have witnessed ground-breaking work happening in areas such as genetics/genomics, synthetic biology, materials science, data analytics, informatics, communication and energy/climate sciences. As stated above, I want to invest in and build our future, utilizing breakthroughs across science/engineering disciplines, and not just software engineering, and coupling with business and marketplace innovations. I want to partner with entrepreneurs that are tackling big problems in commercially interesting ways. New materials, 3D printing, robotics, internet of things, sensing/imaging, big data, genomics, personal health, security, wearable computing, energy/cleantech and other areas…possibilities are endless. And Lux has a proven track record to think differently and invest in unconventional areas. With a new $245m fund, and now with a new partner, we are ready to double-down.

I have spent the last 15 years of my life in Boston and the transition to California will not be easy. But I also know I will keep coming back here to invest time and again. I continue to believe Boston is one of the most fertile grounds for innovation and startup talent. It has some of the world best universities, a self-replenishing student cohort that is unparalleled anywhere else in the world, and a thriving startup ecosystem in IT, energy and healthcare. General Catalyst is a great bi-coastal firm and I am sure we will continue to partner together on ambitious projects in the future as well. I want to thank GC for teaching me what I know of the VC business, and especially Hemant, Joel, David, Larry and others who have been great mentors and friends. Most importantly, I want to thank all the founders, CEOs, CTOs and other people in GC companies that I have invested in and been a part of at GC. You are heroes and no doubt will change the world! I will also stay involved as a co-founder and advisor to the ‘baller’ students at RoughDraft.vc and StartLabs. They make me proud.

I am humbly embarking on this journey of investing in big, bold ideas, and backing great entrepreneurs who are not shy to take on challenges worth committing 10+ years of their lives to. I am not looking to make momentum investments, but as my partners say, we want to invest in spaces where when we win, we win big!  I grew up in a middle class family in a relatively poor country. If anything I do can impact those billions of people who have even less than people around me growing up had, I will feel I did a good job. I have lots to learn and I look forward to this new chapter…


Obama to allow states to determine green house gas standards for automotive

January 26, 2009

In his first few days of being in Office, President Obama has already started to show signs of being progressive in his thinking around energy and environmental issues. We have seen early discussions on the potential stimulus bill (which could include significant monies for energy efficiency related projects), there are signs that an energy bill may get a new life, and now this news from his office: EPA is being instructed to move rapidly towards determining the future of Pavley waiver. This waiver would allow states like California to manage (and control) green house gas emissions from new light duty vehicles. This waiver was earlier disallowed by the EPA under the Bush administration.

If states are able to control greenhouse gases (i.e. if CO2 is considered a dangerous gas like the criteria pollutants NOx, SOx, CO etc), then automakers will be forced to not only sell smaller more fuel efficiency cars in these markets, but to also invest heavily in fuel efficient technologies to achieve profitability on smaller vehicles. If this waiver is allowed, there will certainly be a shift  in some states to smaller gasoline and diesel vehicles, natural gas engines, and increased  sales of hybrids. But this may also promote earlier commercialization of plug-in hybrids and full electric cars. Would the big car companies buy up VC funded smaller electric car manufacturers to put their vehicles on the road and capture CAFE benefits?

Report: Obama to Direct EPA to Move Swiftly on Pavley Waiver

(source: Green Car Congress)

Citing two unnamed Administration officials, the New York Times reported Sunday that President Obama will on Monday direct the EPA to move swiftly to reconsider an application by California and, by extension, 13 other states for a waiver to implement greenhouse gas standards on new light-duty vehicles (California AB 1493, the Pavley regulations).

Mr. Obama’s presidential memorandum will order the Environmental Protection Agency to reconsider the Bush administration’s past rejection of the California application. While it stops short of flatly ordering the Bush decision reversed, the agency’s regulators are now widely expected to do so after completing a formal review process.

In May, the California Air Resources Board issued an addendum to an earlier technical study that shows that California’s clean cars law (the Pavley regulations) could achieve 41% greater total reductions of greenhouse gases nationwide if implemented nationally compared to the recently proposed federal fuel economy standards by 2020. (Earlier post.)

The NY Times report also said that Obama will direct the Department of Transportation to finalize the rulemaking on Corporate Fuel Economy Standards for model years 2011-2015. Although DOT’s National Highway Traffic Safety Administration (NHTSA) had originally anticipated issuing the final rule prior to the end of year, the Bush Administration left office without finalizing the rulemaking. (Earlier post.)