What is Ubitricity?
Ubitricity operates at the intersection of utility technology and urban infrastructure, providing a proprietary mobile charging system that simplifies the deployment of EV charging points. Unlike traditional, capital-intensive charging stations, Ubitricity utilizes a smart charging cable that integrates metering and billing technology directly into the user's mobile electricity contract. This innovation allows for the installation of low-profile charging spots on existing infrastructure, such as streetlights and bollards, effectively turning urban environments into a distributed network of energy access points. By minimizing installation costs and maximizing utility, the company addresses the primary barriers to EV adoption in dense urban settings.
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 Motor Co., Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and battery-powered equipment.
EDF
Electricite de France (EDF) is a major French utility company that produces, markets, and distributes electricity and energy eco-efficiency services.
Siemens
Siemens AG is a global technology powerhouse focused on industry, infrastructure, transport, and healthcare, specializing in resource-efficient factories and smart grids.
What's next for Ubitricity?
With this major enterprise-level funding, Ubitricity is poised to accelerate its international expansion and deepen its integration with municipal energy grids. The strategic focus will likely shift toward scaling its hardware-as-a-service model, fostering deeper partnerships with utility providers and automotive manufacturers to standardize its mobile charging protocol. As the company matures, the emphasis will remain on enhancing its digital transaction platform, ensuring seamless interoperability between vehicle owners and energy suppliers. This phase of development is critical for establishing Ubitricity as the backbone of urban electric mobility, effectively bridging the gap between legacy power distribution and the future of sustainable transportation.
See full Ubitricity company page
