ABB e-mobility has raised approximately CHF200 million via pre-IPO private placements, all aimed at furthering the company’s goals of building a zero-emission future, with smart, reliable, and emission-free EV charging solutions.
The private placement of newly issued shares was led by new minority stake investors and is expected to close during Q4 of this year.
The private placement saw participation from Interogo Holding, moyreal holding ag ("moyreal"), a Swiss single-family office with a long-standing history in the automotive industry and advised by Helvetic Trust AG, and ABB E-mobility Chairman, Michael Halbherr.
“We remain committed to our strategy to separately list our E-mobility business subject to constructive market conditions. Meanwhile, having Interogo Holding, moyreal, and Michael Halbherr as new co-shareholders in ABB E-mobility is a recognition of the company’s leading customer offering and market position,” commented ABB CEO Björn Rosengren. “The private placement underpins our joint commitment to ensure ABB E-mobility’s fast growth in order to remain best positioned to lead the sector in EV charging solutions.”
Since the beginning of the year, the company has scaled up its business activities, most notably through a number of acquisitions and investments, including In-Charge, Chargelab, and Numocity, as well as the opening of a production facility in Italy and a US market footprint expansion.
“We have followed the EV charging space for long time and are impressed by what the ABB E-mobility team has achieved. ABB E-mobility is well-positioned to support the transformation towards a more sustainable future. We look forward to working with the team and co-shareholders,” concluded Richard Silén, MD of IH Long-term Equity Advisors AB, the long-term equity arm of Interogo Holding AG.
Would you like to write the first comment?
Login to post comments