ABB

ABB is a global leader in power and automation technologies, providing a comprehensive range of products, systems, solutions, and services aimed at enhancing industrial efficiency and reliability. The company's power division focuses on power transmission, distribution, and automation for various utilities and industries, while its automation segment caters to diverse sectors through measurement, control, protection, and process optimization solutions. ABB operates in approximately 100 countries and offers innovations in areas such as smart grids, robotics, renewable energy, and electric mobility. Additionally, ABB Ventures, the company's corporate venture capital arm, invests in breakthrough technology companies that align with ABB's focus on industrial electrification and automation. This strategic approach supports ABB's commitment to advancing technologies like industrial IoT, AI, and energy transition.

Malin Carlstrom

Head of Ventures, ABB Electrification

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

Chao Wu

Vice President and Head of Group Investment and Portfolio

Past deals in Electrical Equipment

ChargeLab

Series A in 2022
ChargeLab is the Android of EV charging. We don’t build EV chargers, but our hardware-agnostic platform runs on the world’s most popular EV chargers. Once connected, our software makes any EV charger smarter and easier to use.

Natron Energy

Series D in 2020
Natron Energy is an energy storage company that develops sodium ion battery solutions leveraging Prussian Blue electrode materials. Natron’s battery products are based on a unique Prussian Blue chemistry and can integrate into a wide variety of energy storage applications, ranging from critical backup power systems to EV fast charging and behind-the-meter applications.

Atom Power

Series B in 2020
Atom Power designs and manufactures a suite of intelligent products including a circuit breaker, distribution panel, and software that enables complete control and customization of electrical infrastructure for commercial and industrial applications. Atom Power’s product suite includes a circuit breaker (Atom Switch), distribution panel (Atom Panel), and software (Atom OS) that can intelligently control the flow of electricity to and from buildings and things. It was founded in 2014 and is based in Charlotte, North Carolina.

FreeWire

Series B in 2020
FreeWire Technologies, Inc. specializes in mobile electric vehicle (EV) chargers and battery-integrated charging solutions. Founded in 2014 and based in San Leandro, California, the company produces various models, including the Mobi Charger series, which caters to different charging needs with options for manual operation and semi-autonomous functionality. FreeWire's flagship product, the Boost Charger, connects to existing low-voltage utility services and provides high-power charging without requiring significant grid upgrades. This innovative technology allows for ultrafast EV charging, making it suitable for diverse applications, including commercial customers, fleets, and retail locations. FreeWire has established partnerships with major companies and is actively deploying its solutions across the U.S. and internationally, including a collaboration with bp pulse in the UK. By offering clean and efficient power alternatives, FreeWire aims to support the transition away from fossil fuels and enhance the EV charging infrastructure.

Cylon Controls

Acquisition in 2020
Cylon is an electronic manufacturing platform that provides smart energy solutions for businesses. It includes Cylon Controls UnitronUC32, best in class HVAC control, flexible lighting control and extensibility to include ancillary building services. This is combined with real-time information on building conditions and powerful energy management delivered by Cylon Active Energy. Cylon was founded in 1985.

InCharge Energy

Series A in 2020
InCharge Energy, Inc. is a California-based energy solutions company focused on accelerating the electrification of the transportation industry. Founded in 2018, the company offers consulting services and turnkey commercial electric vehicle (EV) infrastructure solutions tailored to the needs of private and public commercial fleets, electric vehicle original equipment manufacturers, ride-share operators, municipalities, and both commercial and residential facility owners. InCharge Energy provides comprehensive, scalable e-fleet solutions, including financing options to reduce project costs and maximize available credits and incentives, ultimately helping clients save time and money while implementing tailored electric vehicle charging systems.

Atom Power

Series A in 2017
Atom Power designs and manufactures a suite of intelligent products including a circuit breaker, distribution panel, and software that enables complete control and customization of electrical infrastructure for commercial and industrial applications. Atom Power’s product suite includes a circuit breaker (Atom Switch), distribution panel (Atom Panel), and software (Atom OS) that can intelligently control the flow of electricity to and from buildings and things. It was founded in 2014 and is based in Charlotte, North Carolina.

GE Industrial Solutions

Acquisition in 2017
A GE heritage business, Industrial Solutions' story starts 130 years ago with GE's founder, Thomas Edison. Today, Industrial Solutions' engineers and employees embody his entrepreneurial spirit to create innovative, end-to-end product and service solutions. They enable customers in more than 60 countries, across various industries, to overcome their electrical distribution and power challenges.

Atom Power

Series A in 2017
Atom Power designs and manufactures a suite of intelligent products including a circuit breaker, distribution panel, and software that enables complete control and customization of electrical infrastructure for commercial and industrial applications. Atom Power’s product suite includes a circuit breaker (Atom Switch), distribution panel (Atom Panel), and software (Atom OS) that can intelligently control the flow of electricity to and from buildings and things. It was founded in 2014 and is based in Charlotte, North Carolina.

ELBI Elektrik

Acquisition in 2013
ELBI Elektrik designs and manufactures electrical wiring accessory products for the Turkish market, and exports to Eastern Europe with its own local sales organization.

Power-One

Acquisition in 2013
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

Thomas & Betts

Acquisition in 2012
Thomas & Betts is a designer and manufacturer of electrical and electronic connectors and components, serving a wide array of markets including industrial, construction, retail, utility, and communications. The company operates through three primary segments: Electrical, Steel Structures, and Heating, Ventilation, and Air-Conditioning (HVAC). Its products are marketed to original equipment manufacturers, utilities, and end-users, and are also distributed through various channels such as mass merchandisers, catalog merchandisers, and home improvement centers. Headquartered in Memphis, Tennessee, Thomas & Betts is known for its extensive line of electrical components aimed at meeting the needs of both construction and OEM markets.

Newave Energy Holding

Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.

Envitech Energy

Acquisition in 2011
Envitech Energy supplies rail electrical equipment and solutions for urban transportation applications.

Trasfor

Acquisition in 2011
Trasfor is a producer of dry-type transformers and inductors for low-voltage and medium-voltage applications.

Lorentzen & Wettre

Acquisition in 2011
Lorentzen & Wettre specializes in the manufacturing and supply of equipment designed for quality control, measurement, and process automation in the pulp and paper industry. The company provides a range of products, including automated fiber and pulp analysis devices, consistency transmitters, moisture sensors, and laboratory testing instruments for paper. Additionally, Lorentzen & Wettre offers automated paper testing systems and industry-specific services, catering to the needs of paper mills and enhancing their operational efficiency.

Baldor Electric

Acquisition in 2011
Baldor Electric, a division of ABB, specializes in the manufacturing of mechanical power-transmission equipment. The company offers a range of products including industrial electric motors, mechanical power transmission products, drives, and generators. By focusing on power and automation solutions, Baldor Electric serves various sectors such as utilities, industries, and transportation, helping customers enhance their operational efficiency while reducing environmental impact. With a strong commitment to innovation and quality, Baldor Electric plays a significant role in the global market for electric power solutions.

Kuhlman Electric Corp.

Acquisition in 2008
Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

Vectek Electronics

Acquisition in 2008
Vectek Electronics engages in designing, manufacturing, and marketing industrial power control equipment.
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