ABB E-Mobility Scales Up Investment In Software Provider Chargelab

ABB E-mobility announced a new investment into EV charging software provider ChargeLab. Co-ordinated through ABB EL Ventures, the investment forms part of ChargeLab’s $15-million Series A financing. ABB E-mobility first partnered with ChargeLab in 2020.

This investment, along with a new commercial partnership to develop next-generation software solutions for ABB charging stations, will focus on expanding ABB’s e-mobility product suite in the United States, Canada, and other strategic geographies.

ChargeLab network services already run on top of ABB’s charging solutions, the Terra DC and Terra AC wallbox, using the Open Charge Point Protocol (OCPP). ChargeLab’s software empowers fleets, building operators, and utilities to deploy large networks of EV chargers. Its API-first architecture makes the platform more modular and scalable than competitors. Key capabilities of the ChargeLab platform include automated monitoring of EV chargers, pricing and access rules, EV driver payment processing, and electrical load balancing.

EV charging in the next decade will be about scale. ABB is synonymous with excellence at scale. The EV charging industry is working to improve reliability and convenience. This partnership is not about improving EV charging for a few EV drivers, it’s about leveling up this industry for millions.

—Zak Lefevre, co-founder and CEO of ChargeLab

In addition to this financing, ABB and ChargeLab have signed a partnership agreement to develop next-generation software solutions for ABB charging stations. ABB and ChargeLab both remain firmly committed to the Open Charge Point Protocol (OCPP) and interoperability.

ABB has sold more than 680,000 electric vehicle chargers across more than 85 markets—more than 30,000 DC fast chargers and 650,000 AC chargers, including those sold through Chargedot.

ChargeLab’s Series A was led by King River Capital, with Construct Capital, Root Ventures, and other investors participating alongside ABB EL Ventures. This $15-million Series A follows a $4.3 million Seed round last year. ABB is ChargeLab’s largest strategic investor, complementing the tech industry expertise brought by ChargeLab’s other investors who previously held leadership roles at Uber, Apple, Square, and Google.

 

https://www.greencarcongress.com/2022/05/20220520-abb.html

Comments

One response to “ABB E-Mobility Scales Up Investment In Software Provider Chargelab”

  1. Extended Opportunity Avatar
    Extended Opportunity

    Hey Guys,

    Warning: From February 2024, all existing email autoresponders will become obsolete!

    In fact, if you want to send marketing emails, promotional emails, or any other sort of emails starting in February 2024, you’ll need to comply with Gmail’s and Yahoo’s draconic new directives.

    They require regular marketers like you and I to setup complex code on sending domains… and existing autoresponders like Aweber and GetResponse are not helping: they’re requesting you do all the work, and their training is filled with complex instructions and flowcharts…

    How would you like to send unlimited emails at the push of a button all with done-for-you DMARC, DKIM, SPF, custom IPs and dedicated SMTP sending servers?

    What I mean by all of that tech talk above, is that with ProfitMarc, we give you pre-set, pre-configured, DONE-FOR-YOU email sending addresses you can just load up and mail straight away.

    We don’t even have any “setup tutorials” like other autoresponders either, because guess what: we already did all the setup for you!

    All of our built-in sending addresses and servers are already pre-warmed with Gmail and Yahoo and they’re loving us: 99% inbox rate is the average!

    ⇒ Grab your copy here! ⇒ https://ext-opp.com/ProfitMarc

Leave a Reply

Your email address will not be published. Required fields are marked *