What is Ubitricity?
Ubitricity specializes in developing innovative and scalable charging infrastructure solutions for electric vehicles. Their core technology is a smart charging cable that integrates metering and billing capabilities, allowing users to leverage existing mobile electricity contracts. This approach enables the deployment of discreet, low-profile charging spots that can be installed virtually anywhere, including streetlights, walls, or bollards, minimizing installation costs and maximizing accessibility. The company's user portal provides transparent transaction data, with Ubitricity managing the charging and transaction processes.
How much funding has Ubitricity raised?
Ubitricity has raised a total of $22.4M across 1 funding round:
Unspecified
$22.4M
Unspecified (2019): $22.4M with participation from EDF, Honda, and Siemens
Key Investors in Ubitricity
EDF
EDF, a major energy provider, likely brings significant expertise in electricity distribution and grid integration, crucial for scaling charging infrastructure.
Honda
Honda's involvement suggests a strategic interest in the future of electric mobility and potential synergies with automotive manufacturing.
Siemens
Siemens, a technology powerhouse, offers deep insights into industrial infrastructure, smart grids, and digital solutions, aligning with Ubitricity's technological focus.
What's next for Ubitricity?
The substantial enterprise-level funding Ubitricity has garnered suggests a strong trajectory towards scaling its operations and expanding its market reach. This strategic investment is likely to fuel further technological development, enhance manufacturing capabilities, and accelerate the global rollout of its unique charging solutions. The company is well-positioned to capitalize on the growing demand for accessible and cost-effective EV charging infrastructure, potentially solidifying its position as a leader in the sector.
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