What is Ubitricity?
Ubitricity operates at the intersection of smart grid technology and urban infrastructure. By decoupling the metering and billing technology from the charging station itself and embedding it into a proprietary smart cable, the company has effectively lowered the barrier to entry for EV charging deployment. This innovation allows for the transformation of existing urban assets, such as streetlights and bollards, into functional charging points. By leveraging mobile electricity contracts, Ubitricity provides a seamless, transparent user experience that simplifies the transition to electric transport for both municipalities and private consumers. Its market position is defined by its ability to offer low-cost, high-scalability solutions that integrate directly into the existing built environment, effectively bypassing the high capital expenditure typically associated with traditional charging station rollouts.
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 Siemens, Honda, and EDF
Key Investors in Ubitricity
Siemens
A global technology powerhouse specializing in industrial automation, infrastructure, and energy systems, providing the technical backbone for large-scale digital transformation.
Honda
A multinational automotive and mobility conglomerate with a strategic interest in advancing the electrification of transport and battery-powered equipment.
EDF
A major French electric utility company focused on power generation, distribution, and the development of energy-efficient services for the global market.
What's next for Ubitricity?
With this major enterprise-level funding, Ubitricity is poised to expand its footprint across international markets, focusing on the integration of its smart charging technology into broader smart city ecosystems. The strategic alignment with global industrial leaders suggests a roadmap centered on scaling manufacturing capabilities and deepening partnerships with utility providers. As the global energy transition accelerates, Ubitricity is well-positioned to capitalize on the increasing demand for ubiquitous, low-profile charging infrastructure, potentially shifting its focus toward data-driven energy management services that optimize grid load and consumer electricity consumption patterns.
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