🏆 Deal of the Week · CW 6/2023
ABB E-mobility raised CHF 325 million in a Private Equity round at a post-money valuation of CHF 2.38 billion, in what the company described as the second and final round of its pre-IPO private placement. The round was backed by four investors: Beyond Net Zero, GIC, Just Climate, and Porsche Automobil Holding. The deal was recognised as Deal of the Week for KW 6/2023 on Venionaire DealMatrix.
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 spans three distinct capital categories: sovereign wealth (GIC, Singapore's government investment corporation), climate-focused growth equity (Beyond Net Zero and Just Climate), and strategic industrial capital (Porsche Automobil Holding). This mix is notable because it combines patient, long-horizon capital with a direct automotive OEM link, signalling both financial conviction and supply-chain alignment ahead of a potential IPO.
What does ABB E-mobility do?
ABB E-mobility designs and manufactures EV charging infrastructure for commercial, fleet, and public applications. Its flagship products include the Terra 360, marketed as the world's fastest AC/DC charger — capable of fully charging an electric vehicle in under 15 minutes while serving up to four vehicles simultaneously — and the OM X-Series, a megawatt-scale depot charging solution optimised for autonomous and commercial fleets operating around the clock. The business draws on more than a decade of EV charging expertise within the ABB group, with roots traceable to 2010, though ABB E-mobility was incorporated as a standalone legal entity in Q1 2022. It is headquartered in Zurich, Switzerland.
ABB E-mobility valuation & multiples
No verified multiples figures were supplied for this deal. Once revenue and EBITDA disclosures become available ahead of the anticipated IPO, standard EV/Sales and EV/EBITDA benchmarks for the EV charging and autonomous-vehicle infrastructure sector will apply. Readers can explore current sector-level trading and transaction multiples on the Venionaire DealMatrix Autonomous Vehicles sector multiples pages.
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, representing the second and final tranche of its pre-IPO private placement, announced in early 2023 (KW 6/2023).
What is ABB E-mobility's valuation?
ABB E-mobility was valued at CHF 2.38 billion on a post-money basis at the time of this Private Equity round.
Who invested in ABB E-mobility?
The four investors in this round were Beyond Net Zero, GIC, Just Climate, and Porsche Automobil Holding.
When was ABB E-mobility founded and where is it based?
ABB E-mobility traces its origins to 2010 and is headquartered in Zurich, Switzerland, having been established as an independent legal entity in Q1 2022.
Source: original announcement — read the full report.