🏆 Deal of the Month · February 2023
ABB E-mobility raised CHF 325 million in a Private Equity round at a post-money valuation of CHF 2.38 billion in February 2023. The round was the second and final tranche of a pre-IPO private placement. Four institutional investors participated, with Beyond Net Zero, GIC, Just Climate, and Porsche Automobil Holding collectively anchoring the raise.
ABB E-mobility — key deal facts
| Company | ABB E-mobility |
| Founded | 2010 |
| Headquarters | Zurich, Switzerland |
| Amount raised | CHF 325M |
| Valuation | CHF 2.38B |
| Round | Private Equity |
| Investors | Beyond Net Zero (https://beyond-net-zero.com/) GIC (https://www.gic.com.sg/) Just Climate (https://www.justclimate.com/) Porsche Automobil Holding (https://www.porsche-se.com/unternehmen/ueber-uns/) |
| Sectors | Autonomous Vehicles |
Who invested in ABB E-mobility?
The investor syndicate comprises Beyond Net Zero, GIC, Just Climate, and Porsche Automobil Holding. The mix is notable for spanning a sovereign wealth fund (GIC, Singapore), two climate-focused growth vehicles (Beyond Net Zero and Just Climate), and a strategic automotive holding company (Porsche Automobil Holding). Strategic and financial capital from four distinct investor categories in a single pre-IPO round signals broad institutional conviction in the EV charging infrastructure segment.
What does ABB E-mobility do?
ABB E-mobility designs and manufactures electric vehicle charging infrastructure for passenger cars, commercial fleets, electric buses, and heavy trucks. Its product portfolio includes the Terra 360 fast charger — capable of simultaneously charging up to four vehicles — and the OM X-Series, a megawatt-scale distributed charging system optimised for depot and autonomous-vehicle applications. The parent company ABB entered the electromobility market in 2010, and ABB E-mobility was legally separated as a standalone entity in the first quarter of 2022 ahead of a planned IPO. The company is headquartered in Zurich, Switzerland, and is led by Chief Executive Officer Michael Bueltmann.
ABB E-mobility valuation & multiples
No existing multiples analysis was provided for this deal. Once EV/Sales and EV/EBITDA reference ranges are established for ABB E-mobility, they will be published here. Readers seeking current benchmark ranges for the EV charging and autonomous vehicles sector are invited to explore the relevant sector multiples pages on DealMatrix.
Frequently asked questions
How much did ABB E-mobility raise in its Private Equity round?
ABB E-mobility raised CHF 325 million in a Private Equity round completed in February 2023.
What is ABB E-mobility's valuation?
ABB E-mobility was valued at CHF 2.38 billion at the time of this Private Equity round.
Who invested in ABB E-mobility?
The four investors were Beyond Net Zero, GIC, Just Climate, and Porsche Automobil Holding.
When was ABB E-mobility founded and where is it based?
ABB's electromobility activities date to 2010, with ABB E-mobility established as a separate legal entity in 2022 and headquartered in Zurich, Switzerland.
Source: original announcement — read the full report.