Published in: 2011 - A Review of Cleantech Equity Deals, January 2012
There were a host of deals in the EV charging infrastructure space in 2011 – sufficient for this sub-sector to merit its own section this year. Leading the pack – at least in terms of valuation – was the Better Place funding, which valued the company at $2.25 billion.
A major trend in evidence was the interest shown by industrial companies and telecommunications companies in the EV charging space. GE was amongst the new investors in Better Place, while other significant deals in 2011 included the ABB acquisition of Epyon (fast charging technology) and investment in ECOtality, the Qualcomm purchase of HaloIPT (inductive or wireless charging) and Toyota’s investment in WiTricity (wireless charging).
The equity deals were matched by a flurry of activity in terms of collaboration announcements. Non-equity deals during 2011 included:
Meanwhile, a consortium of major automotive manufacturers is developing a standard for EV fast-charging. The group, which intends to create a universal charging system which will be compatible with charging methods across Europe and the US, includes Daimler, Audi, Ford, GM and Porsche.