What is Ubitricity?
Ubitricity is pioneering a novel approach to electric vehicle charging infrastructure with its innovative Mobile Charging System. The company's core technology lies in its smart charging cable, which integrates all metering and billing functionalities, allowing users to leverage their existing mobile electricity contracts. This discreet, low-profile charging solution minimizes installation costs and enables deployment in a wide array of locations, from streetlights to bollards. Ubitricity's user portal provides transparent transaction data, managing charging and billing processes efficiently. The company's focus on scalable and adaptable charging solutions positions it as a key player in addressing the growing demand for accessible EV charging.
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 Honda, EDF, and Siemens
Key Investors in Ubitricity
Honda
Honda, a multinational conglomerate known for its automotive and motorcycle manufacturing, has invested in Ubitricity, indicating a strategic interest in the burgeoning electric vehicle charging sector.
EDF
EDF, a major European energy provider involved in electricity production and distribution, has backed Ubitricity, suggesting a synergy in energy solutions and EV infrastructure development.
Siemens
Siemens, a global technology powerhouse focused on industry, infrastructure, and transport, has provided investment to Ubitricity, highlighting the company's alignment with smart infrastructure and sustainable mobility solutions.
What's next for Ubitricity?
The recent major strategic investment in Ubitricity signals a strong vote of confidence in the company's technology and market strategy. This capital infusion is expected to accelerate the expansion of its charging network and further refine its smart charging solutions. With a clear focus on integrating charging infrastructure into existing urban environments, Ubitricity is poised to capitalize on the global transition to electric mobility, potentially driving significant growth and market penetration in the coming years.
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