ABB E-mobility Raises Approx. CHF200M in Pre-IPO Funding
ABB E-mobility, a Zurich, Switzerland-based provider of electric vehicle charging solutions, raised approximately CHF200M in Pre-IPO funding.
The private placement included participation from Interogo Holding, moyreal holding ag, Helvetic Trust, and Michael Halbherr.
The company intends to use the funds to continue the execution of its growth strategy, driven by both organic and M&A investments in hardware and software.
Led by CEO Björn Rosengren, ABB provides E-mobility smart, reliable & emission-free electric vehicle charging solutions. Since the beginning of the year, the company has scaled up its business, also through a number of acquisitions and investments, including In-Charge, Chargelab and Numocity, as well as the opening of a production facility in Italy and the US footprint expansion.