Automotive giant Ford acquires Electriphi

Automotive giant Ford, which has recently increased its investments in electric vehicles, has now announced that it will acquire Electriphi, a charging management and fleet monitoring service company.. Including Electriphi in its plans to invest $30 billion by 2025, Ford announced that the acquisition will take place at the end of June.

Make charge management easier

Ford started working on electric commercial vehicle technology in Europe since 2018. Ford has announced that it will launch the Electric Minibus E-Transit later this year.. He announced that the F-150 Lightning model, which then entered the electric pick-up segment, will be sent to customers in the spring of 2022.. These steps are reinforced by the announcement that it will acquire the charging management and fleet tracking services company Electriphi, to facilitate charge management in its commercial customers’ electric vehicle (EV) fleets. “>40 percent will be electric models

The acquisition, which was part of a plan to invest more than $30 billion by 2025, will be completed by the end of June. Aiming that 40 percent of its automobile production will consist of electric models by 2030, Ford did not disclose the details of the purchase.

From San Francisco-based Electriphi, founded in 2018 It aims to generate revenue of more than 1 billion dollars until. This company will be included in the newly created Ford Pro business unit for the electric Transit van and F-150 Lightning Pro model with its 30-person team.. Thus, Ford will facilitate charging management for commercial customers who choose to drive purely electric vehicles..

Continue to serve other target customer base

Ford’s other Its likely goal is to build the software for E-Transit and Lightning Pro, while continuing to serve Electriphi’s customer base as well.

Ford Pro CEO Ted Cannis said: “With the acquisition, we will increase the experience for commercial customers and become a solution source for charging with the existing advanced technology IP in the Ford Pro electric vehicle and services portfolio.”

Leave a Reply

Your email address will not be published. Required fields are marked *