ABB Ltd.’s electric-vehicle charging business has raised additional funds from minority investors including Porsche SE and General Atlantic in a second and final round before listing the division. The division, ABB E-Mobility, sold a 12% stake for 325 million Swiss francs ($355 million) to General Atlantic’s BeyondNetZero climate fund, Singapore’s sovereign wealth fund GIC, UK-based […]
ABB’s Electric-Vehicle Charging Business Valued at $2.6 Billion – EQ Mag
ABB Ltd.’s electric-vehicle charging business has raised funds from minority investors that value the company at about 2.5 billion Swiss francs ($2.6 billion). The division, ABB E-mobility, sold new shares for about 200 million francs to equity fund Interogo Holding AG, family office moyreal holding AG and ABB E-mobility Chairman Michael Halbherr, according to a […]
Japanese infrastructure company selects ABB’s Terra 184 electric vehicle chargers
ABB’s newly launched Terra 184 electric vehicle chargers have been selected by Japan’s e-Mobility Power (eMP) to modernize the infrastructure for the country’s electric vehicle market and accelerate the nation’s shift towards sustainable mobility. Financial details of the order were not disclosed. The project is part of a broader push in Japan to increase the […]