Switch secures investment from ABB E-mobility to advance electric vehicle charging solutions.
ABB E-mobility backed the London-based deep-tech start-up to support the development of open-source charging software.
Switch develops a digitally integrated charging ecosystem for electric vehicles using advanced communication standards. The London based firm provides software platforms designed to remove fragmentation across charging networks.
ABB E-mobility has made a minority investment in London-based deep-tech start-up Switch. The transaction brings together Switch and market leader ABB E-mobility to advance a connected charging ecosystem for electric vehicles.
Switch offers an embedded charger operating system and a cloud-based management platform built on open communication protocols. The funding will support the continued development of its open-source stack and charger-agnostic platform across various markets.
From the founder
"Both ABB E-mobility and Switch are dedicated to levelling the barriers that are fragmenting the EV charging space. This helps to really boost customer convenience, and to maximize charging network utilisation and the ticket size of business models. We will continue to innovate and operate as an independent entity and look to expand our partnerships along the entire EV charging value chain."
Marc Mültin
CEO & founder at Switch
Investor perspective
"The integrated Switch system, combined with our smart and connected charging solutions, has exceptional potential to fix and restructure the EV charging ecosystem. Our vision, drawn from experience in the mobile communications domain, crosses industry barriers for best-in-class reference design of a vertically integrated EV charging solution. Marc and his team are trailblazing the field with their sophisticated software offering built on forward-looking protocols."
Daniel Alarcon-Rubio
Chief Digital Officer, ABB E-mobility
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Expand into international markets