ABB

ABB is a global technology leader in power and automation technologies. Established in 1988, it operates in around 100 countries, offering digital solutions for industries such as robotics, smart grids, renewable energy, marine vessels, and motors. ABB Ventures, its business-led venture capital arm founded in 2009, invests in breakthrough technology companies aligned with ABB's goal of writing the future of industrial electrification and automation.

Franziska Bossart

Investor

Malin Carlstrom

Investor

Kurt Kaltenegger

Vice President

Craig McDonnell

Business Line Managing Director

Mike Mustapha

President

Mads Moeller

Head of Ventures Electrification, Group VP

C P Vyas

Vice President

Morten Wierod

CEO

Past deals in Electric Vehicle

GO TO-U

Venture Round in 2025
GO TO-U develops a platform for managing electric vehicle (EV) charging. It enhances the EV charging experience by offering features like advance booking of charging stations, access to facilities during charging, and increasing traffic at charging locations, thereby maximizing efficiency and profitability for charge point operators.

DG Matrix

Seed Round in 2025
DG Matrix is a company that specializes in innovative energy storage and solar solutions aimed at promoting the electrification of various sectors, including electric vehicles. Their offerings include single-unit L3 DC fast charging technology, designed for efficient and optimized charging solutions. DG Matrix focuses on integrating its technologies with microgrids and energy infrastructure to provide effective services for electric vehicle charging, fleet charging, and power electronics. By prioritizing reduced material usage and a smaller ecological footprint, the company aims to achieve significant emissions reductions on a large scale, making electrification more accessible and affordable for clients.

Aurora Motors

Acquisition in 2024
Aurora Motors specializes in manufacturing and distributing premium electric motors, shaft mounts, and related products. With multiple facilities across North America, the company serves both domestic and international markets. Aurora Motors offers a wide range of motor types, including vertical hollow and solid shaft, stainless steel, horizontal, and fire protection motors, as well as shaft mount reducers and various other specialized motors. The company is committed to meeting industry standards and customer demands, focusing on quality, efficiency, and competitive pricing. Aurora Motors prioritizes maintaining strong, personal relationships with its customers, ensuring responsive service and effective problem-solving.

Morrow Batteries

Venture Round in 2023
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.

PAYUCA

Series A in 2023
PAYUCA develops digital infrastructure management tools for residential and office buildings. Their platform includes a mobile app for short-term garage access, digital keyless entry for long-term parkers, and a dashboard for managing access and revenue, enabling property owners to optimize parking use and automate operations.

Morrow Batteries

Venture Round in 2022
Morrow Batteries is a manufacturer focused on producing cost-effective and sustainable battery cells to facilitate the green energy transition. The company specializes in developing industrialized graphene-enhanced lithium-sulfur batteries, which significantly enhance performance while minimizing environmental impact. By prioritizing sustainability and efficiency, Morrow Batteries aims to provide clients with innovative solutions that contribute to a more sustainable energy future.

ChargeLab

Series A in 2022
Founded in Toronto in 2015, ChargeLab develops a hardware-agnostic platform that transforms existing electric vehicle (EV) charging stations into smart, user-friendly networks. It caters to various clients such as the Government of Canada, multi-national REITs, parking operators, and property managers.

InCharge Energy

Acquisition in 2022
InCharge Energy, Inc. is an energy solutions company based in Irvine, California, focused on accelerating the electrification of the transportation industry. Founded in 2018, it specializes in providing consulting services and turnkey commercial electric vehicle (EV) infrastructure solutions tailored for private and public commercial fleets, electric vehicle original equipment manufacturers, ride-share operators, municipalities, and owners of commercial and residential facilities. The company offers comprehensive and scalable e-fleet solutions that include financing options to help clients minimize project costs and maximize available credits and incentives. InCharge Energy aims to streamline the deployment of electric vehicle charging systems, enabling clients to save both time and money while transitioning to electric mobility.

GO TO-U

Funding Round in 2021
GO TO-U develops a platform for managing electric vehicle (EV) charging. It enhances the EV charging experience by offering features like advance booking of charging stations, access to facilities during charging, and increasing traffic at charging locations, thereby maximizing efficiency and profitability for charge point operators.

Enervalis

Series A in 2020
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

FreeWire

Series B in 2020
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

InCharge Energy

Series A in 2020
InCharge Energy, Inc. is an energy solutions company based in Irvine, California, focused on accelerating the electrification of the transportation industry. Founded in 2018, it specializes in providing consulting services and turnkey commercial electric vehicle (EV) infrastructure solutions tailored for private and public commercial fleets, electric vehicle original equipment manufacturers, ride-share operators, municipalities, and owners of commercial and residential facilities. The company offers comprehensive and scalable e-fleet solutions that include financing options to help clients minimize project costs and maximize available credits and incentives. InCharge Energy aims to streamline the deployment of electric vehicle charging systems, enabling clients to save both time and money while transitioning to electric mobility.

Numocity

Seed Round in 2020
Numocity is a company specializing in the integration of automobile, energy, and digital technologies to enhance electric mobility. It offers a cloud-based middleware platform that provides "Energy as a Service," supporting both fixed electric vehicle (EV) chargers and battery-swappable solutions. The platform is designed to assist oil marketing companies, power utility firms, fleets, and automotive original equipment manufacturers in building, operating, and monetizing electric mobility services. Additionally, Numocity's software suite focuses on optimizing the user experience within the EV charging ecosystem by facilitating the discovery and access of charging stations, comparing charging rates, and enabling asset tracking for EV owners. This comprehensive approach aims to simplify the transition to electric mobility for consumers and businesses alike.

ChargeDot

Acquisition in 2019
ChargeDot is a Chinese e-mobility solution provider specializing in vehicle-charging technology. The company develops and supplies both AC and DC charging stations, along with a comprehensive software platform that enhances the charging experience for electric vehicle manufacturers and their customers. ChargeDot's smart charging stations can be operated through a secure smartphone application, allowing clients to offer improved charging solutions that cater to the needs of electric vehicle users.

Enervalis

Venture Round in 2017
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

RGM - Rail vehicle power business

Acquisition in 2012
RGM - Rail vehicle power business

Epyon

Acquisition in 2011
Epyon provides advanced ultra-fast charging solutions for electric vehicles which are used in critical business processes such as material handling, delivery of goods and transportation of people. Their fast charging solutions based on advanced lithium-ion battery technology enable electric vehicles to run 24 hours per day with an occasional recharge in 15 minutes during mandatory lunch- or coffee brakes.

ECOtality

Venture Round in 2011
ECOtality designs, manufactures, and commercializes electric vehicle charging systems and energy storage solutions globally. Its primary offerings include the Blink line of charging stations for passenger vehicles, Minit-Charger systems for industrial applications, and power solutions such as solar panels and battery packs. The company also provides testing services, engineering consulting, and operates Fuel Cell Store, an online marketplace for fuel cell products.
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