ABB E-Mobility Valuation, Funding & Investors

ABB E-Mobility is valued at $2.9B as of February 2023.

Last ABB E-Mobility valuation

$2.9B

Undisclosed stage · Feb 2023

Last ABB E-Mobility funding round

$351M

Undisclosed stage · Feb 2023

Cumulative funding ABB E-Mobility raised

$351M

across 1 funding round

Key investors in ABB E-Mobility

  • GIC
  • Porsche SE
  • Just Climate
  • Beyond Net Zero
  • Michael Halbherr
  • Interogo Holding AG

ABB E-Mobility Overview

About ABB E-Mobility

ABB E-Mobility designs, manufactures, and sells electric-vehicle charging infrastructure, combining charging hardware with software for fleet, public, and commercial charging networks. The business, majority owned by ABB, has grown through acquisitions including In-Charge, Chargelab, and Numocity, and operates manufacturing facilities in Italy and the United States.


Founded

2010

HQ

SwitzerlandSwitzerland

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2.9B (Feb 2023)

ABB E-Mobility Valuation

ABB E-Mobility is currently valued at $2.9B, based on its undisclosed-stage round in February 2023.

The $351M round included Porsche SE, Beyond Net Zero, GIC and Just Climate.

ABB E-Mobility's valuation has grown 1.1x from $2.6B at its secondary sale in November 2022 to $2.9B in February 2023, across 2 priced rounds.

ABB E-Mobility valuation by funding round

ABB E-Mobility valuation by funding round
DateStageValuation
Feb 2023Undisclosed stage$2.9B
Nov 2022Secondary$2.6B

ABB E-Mobility Funding History

ABB E-Mobility has raised a total of $351M across 1 funding round, plus 1 secondary share sale.

ABB E-Mobility funding rounds

ABB E-Mobility funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2023Undisclosed stagePorsche SE; Beyond Net Zero; GIC; Just Climate$351M$2.9BABB E-Mobility, a global leader in electric vehicle charging solutions, completed the second and final round of its pre-IPO private placement on February 1, 2023, raising an additional CHF 325 million from new investors Beyond Net Zero (General Atlantic’s climate fund), GIC (Singapore), Just Climate (UK), and Porsche SE (Germany). This followed a first round in November 2022 of approximately CHF 200 million, bringing the total raised to about CHF 525 million. The second round involved issuing new shares representing approximately 12% ownership to these investors, with the first round ceding 8%, leaving ABB with around 80-81% ownership post-transaction. Proceeds are designated for executing ABB E-Mobility's growth strategy, including organic expansion and M&A in hardware and software for EV charging. The company has scaled through acquisitions like In-Charge, Chargelab, and Numocity, plus new manufacturing facilities in Italy and the US. ABB remains committed to a potential separate listing of E-Mobility under favorable market conditions, after postponing an initial Q2 2022 IPO plan. Later developments include ABB E-Mobility selling a majority stake in its ChargeDot AC charging JV to Dongguan Mentech in 2025, retaining 40%.
Nov 2022SecondaryMichael Halbherr; moyreal holding AG; Interogo Holding AG$207M$2.6BABB E-Mobility is a global leader in electric vehicle charging solutions, offering smart, reliable, and emission-free EV charging infrastructure. In November 2022, it completed the first round of a pre-IPO private placement, raising approximately CHF 200 million through the sale of newly issued shares to minority investors Interogo Holding AG, moyreal holding AG, and Michael Halbherr, implying a company valuation of $2,607.38 million. ABB retained a significant majority stake post-transaction, reported as 92% in some analyses. The funds supported ABB E-Mobility's growth strategy, including organic expansion and M&A in hardware and software, such as acquisitions of In-Charge, Chargelab, and Numocity, plus new production facilities in Italy and the US. This round preceded a second private placement in early 2023 raising an additional CHF 325 million from investors including GIC, BeyondNetZero, Just Climate, and Porsche SE for about 12% shareholding, conducted at the same valuation and terms, bringing total pre-IPO funds to CHF 525 million with ABB holding approximately 80%. The transactions positioned ABB E-Mobility for a potential IPO, later delayed.

Who has invested in ABB E-Mobility?

7 investors have backed ABB E-Mobility across its funding rounds, including GIC, Porsche SE, Just Climate, Beyond Net Zero, Michael Halbherr and Interogo Holding AG.


ABB E-Mobility Investors

Investors in ABB E-Mobility by funding rounds participated
InvestorHQRoundsRoleFirst check
Porsche SEGermanyStuttgart1ParticipantFeb 2023
Beyond Net ZeroUnited StatesNew York City, NY1ParticipantFeb 2023
GICSingaporeSingapore1ParticipantFeb 2023
Michael HalbherrGermanyGermany1ParticipantNov 2022
moyreal holding AGSwitzerlandBern1ParticipantNov 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by ABB E-Mobility

ABB E-Mobility has acquired 1 company to date.

Last acquisition by ABB E-Mobility was on May 25th 2022. ABB E-Mobility acquired Numocity for undisclosed valuation.


Latest Acquisitions by ABB E-Mobility

Numocity
Description
Numocity is a Gurgaon-headquartered platform providing middleware for electric vehicle charging and battery swapping services in India. The company enables oil marketing firms, utilities, fleets, and OEMs to deploy fixed chargers and swap stations. Numocity's Energy-as-a-Service model handles billing, monitoring, and monetization for urban mobility networks.
HQ CountryIndia
HQ City
Bangalore
Deal Date25 May 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by ABB E-Mobility

ABB E-Mobility has invested in 1 company to date.

Latest investment by ABB E-Mobility was on September 23rd 2025. ABB E-Mobility invested in k2-mobility in their $4M Seed round.


Latest Investments by ABB E-Mobility

k2-mobility
Description
K2 Mobility is a Vienna-based software provider for heavy vehicle fleet operators transitioning to electric mobility. Its PANION platform integrates real-time data from transport plans, vehicles, chargers, and energy grids to optimize charging schedules, reduce costs, and minimize downtime.
HQ CountryGermany
HQ City
Berlin
Deal Date23 Sep 2025
RoundSeed
Raised$4M
InvestorsJK Invest; Brandenburg Kapital; theDOCK; MobilityFund
Valuationundisclosed
EV/Revenue
EV/EBITDA

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ABB E-Mobility Competitors

ABB E-Mobility competitors include listed companies like Electreon Wireless and Nanjing Tanker, and private ones like Ample, Charge Amps, Swap and AMPECO.

Public and private companies comparable to ABB E-Mobility
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AmpleUnited StatesSan Francisco, CAPrivate--$1B-
Electreon WirelessIsraelIsraelPublicly listed$5M($33M)$233M-
Charge AmpsSwedenStockholmPrivate$26M-$137M5.3x
SwapIndonesiaJakartaPrivate--$76M-
AMPECOBulgariaSofiaPrivate--$65M-
Nanjing TankerChinaChinaPublicly listed$868M$295M$3.2B2.7x

ABB E-Mobility Public Comps

ABB E-Mobility is still privately-owned, but its public comps include Nanjing Tanker, Topaz Energy, Dorian LPG, Jiangxi Jovo Energy, Teekay Tankers, DHT Holdings, Dongfang Electronics Co, NGL Energy Partners, Gibson Energy and Genesis Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nanjing Tanker$868M$295M2.9x2.7x8.7x6.8x
Topaz Energy$233M-16.1x13.2x-13.8x
Dorian LPG$482M$281M5.8x5.0x10.0x7.6x
Jiangxi Jovo Energy$3B$289M1.0x0.9x10.1x8.5x
Teekay Tankers$952M$407M2.4x2.6x5.7x4.0x
DHT Holdings$498M$329M7.9x5.5x12.0x6.4x
Dongfang Electronics Co$1.2B$155M1.4x1.2x10.9x10.1x
NGL Energy Partners$3.2B$336M1.9x1.8x18.2x8.8x

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Common questions about ABB E-Mobility

When was ABB E-Mobility founded?ABB E-Mobility was founded in 2010.
Where is ABB E-Mobility headquartered?ABB E-Mobility is headquartered in Switzerland.
Is ABB E-Mobility publicly listed?No, ABB E-Mobility is a private, VC-backed company.
What is ABB E-Mobility's valuation?ABB E-Mobility was last valued at $2.9B in its undisclosed-stage round in February 2023.
How much funding has ABB E-Mobility raised?ABB E-Mobility has raised $351M across 1 funding round.
What was ABB E-Mobility's last funding round?ABB E-Mobility's last funding round was a $351M undisclosed-stage round in February 2023.
Who are ABB E-Mobility's investors?ABB E-Mobility's investors include Porsche SE, Beyond Net Zero, GIC, Michael Halbherr, moyreal holding AG, Interogo Holding AG and Just Climate.
Which companies are comparable to ABB E-Mobility?Companies comparable to ABB E-Mobility include Ample, Electreon Wireless, Charge Amps, Swap, AMPECO and Nanjing Tanker.
How many companies has ABB E-Mobility acquired?ABB E-Mobility has acquired 1 company, including Numocity.
How many companies has ABB E-Mobility invested in?ABB E-Mobility has invested in 1 company, including k2-mobility.
What was ABB E-Mobility's last investment?In September 2025, ABB E-Mobility invested in k2-mobility's $4M seed round alongside JK Invest, Brandenburg Kapital, theDOCK and 1 other investor.

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