Abb E Mobility plans to increase its investment in Chargelab, a provider of electric vehicle (EV) charge point management software, to €4 million. This is double the amount the company invested in the startup in 2018.
The move comes as part of Abb E Mobility's strategy to provide a one-stop-shop solution for EV charging, from hardware and software to installation and maintenance.
Chargelab's software is used byEV charge point operators to manage a network of charge points, and by drivers to find and pay for charging. The company's products are currently used in over 25 countries.
Abb E Mobility's investment will help Chargelab to accelerate the development of its products and expand its sales and marketing activities. The two companies will also work together to develop new EV charging solutions.
- Abb E Mobility is a subsidiary of engineering group ABB.
- The company provides EV charging solutions, including hardware, software, installation and maintenance.
- Abb E Mobility has invested €2 million in Chargelab so far.
- EV charge point operators use Chargelab's software to manage a network of charge points, and drivers to find and pay for charging.
- The company's products are currently used in over 25 countries.