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TowTimes.com - Ford Acquires Electriphi for Charging and Energy Management


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Ford™ has announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford focusing on commercial customer productivity and developing advanced charging and energy management experiences.

“While more commercial vehicle customers are considering all-electric vehicles, charging management remains a hurdle to mass adoption,” states a Ford media release. “Ford Pro plans on leveraging its leadership position in the commercial vehicle market, its vehicle offerings and Electriphi’s technology to help customers with this transition.

“’As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they’re powered up and ready to go to work every day,’ said Ford Pro CEO Ted Cannis. ‘With Electriphi’s existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a single-source solution for fleet-depot charging.’”

Ford Pro estimates that the depot charging industry will grow to over 600,000 full-size trucks and vans by 2030. This acquisition supports Pro’s target to capture over $1 billion of revenue from charging by 2030.

The Electriphi acquisition comes as Ford prepares for the launch of all-electric versions of the Transit van and F-150 pickup. Ford will start shipping E-Transit to customers later this year; F-150 Lightning Pro will be available in spring 2022.

“Customers have been clear – electrification of their fleets is inevitable, with significant economic and sustainability benefits. They now need solutions that enable a seamless transition to electric vehicles,” said Electriphi CEO and co-founder Muffi Ghadiali. “Our synergies with Ford Pro will supercharge this transition. We’ll delight customers by helping them reap the benefits of electrification, so they can focus on what matters most – running their businesses effectively.”

Electriphi’s charging platform will complete the charging ecosystem services for commercial customers, including employee home charging, public charging and e-telematics solutions. Customers in North America can sign up for Electriphi charge management services now at electriphi.ai. Ford Pro plans on making these services available in Europe at a later date.

The Electriphi acquisition is expected to close this month. Terms are not being disclosed. Morgan Stanley & Co. LLC is serving as Ford’s financial advisor in connection with this transaction.

For more information visit fordpro.com.

http://feeds.feedburner.com/~r/Towtimes/~4/S1LflGXSBik

View the full article and more on TowTimes.com

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