EVBox acquires French fast charging station manufacturer EVTronic
With this acquisition, EVBox now has a global installed base of 60,000 charging points, including 700 fast charging (DC) stations.
Amsterdam, July 6th, 2018. EVBox, one of the leading global manufacturers of electric vehicle charging stations and charging management software, announces today the acquisition of French fast and ultra-fast charging station manufacturer EVTronic.
EVTronic designs, develops, manufactures, and markets a range of fast charging stations for electric vehicles, accompanied by a complete range of engineering services. In parallel, the company is also very active in the field of R&D, with a special focus on implementing new technologies, such as V2G (Vehicle-to-Grid).
Since its foundation in 2007, EVTronic has experienced strong and consistent growth, expanding its offering and services as the market for electric vehicle (EV) charging stations matures. EVBox had already been working with EVTronic to grow EVBox's fast charging (DC) portfolio on a global scale.
Signing the acquisition yesterday by EVBox CCO Peter van Praet, EVTronic Founder & President Eric Stempin and EVBox CEO Kristof Vereenooghe (left to right).
Because of us closely working together, we realized we shared a similar passion for technology and many of the same values. Our two organisations joining together allows us to benefit from economies of scale, significantly scale up our R&D, and increase our global footprint.
The number of electric vehicles on the road is growing rapidly. The latest estimates by Bloomberg show that EV sales are expected to surge to 30 million by 2030. With the global adoption of electric vehicles happening now, the demand for charging stations and related software and services is also vigorously increasing.
By adding EVTronic's fast and ultra-fast charging (DC) expertise to our own solutions, we can now offer our customers the full scope of electric vehicle charging. This means charging ranging from 3.7kW up to 350kW (both AC and DC), and offering charging solutions at home, at work, and in public. Because of our strong R&D focus, we will be able to develop the hardware and software that our customers need to charge anywhere, now and in the future.
All current EVtronic employees will join EVBox. EVTronic Founder & President Eric Stempin will join the EVBox Management Team as Chief Research Officer (CRO). He will be focusing on fast and ultra-fast chargers and setting up the EVBox Innovation Lab. The EVBox Innovation Lab will focus on R&D projects including V2G (Vehicle-to-Grid), wireless charging, energy storage and integration, and power electronics.
We are very excited to join the EVBox family. What started as a small business and entrepreneurial idea soon became a fast-growing business with strong presence in Europe, especially in France. We are very proud of the quality of our technology, as well as our commitment to helping customers charge quickly wherever they park. By joining EVBox, we hope to keep accelerating the transition towards sustainable mobility and impress customers with a complete solution, catering to the needs of all.
Global installed base of 60,000 charging points
With this acquisition, EVBox is adding the 700 fast charging stations already installed by EVTronic to its European network. EVBox continues to have the largest installed-base worldwide, now with 60,000 regular (AC) charging points and 700 fast (DC) charging points. Selected EVTronic DC chargers will receive EVBox branding.
Images for the press