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18 JUNE 2021 AL CIRCLE

Ford to acquire Electriphi for seamless charging of electric vehicles

EDITED BY : HEENA IQBAL 2MINS READ

Ford has decided to acquire Electriphi to develop the most advanced charging and energy management experiences for commercial customers. The acquisition comes as Ford prepares for the launch of all-electric versions of two of commercial vehicles – the Transit van and F-150 pickup.

Electriphi is provider of charging management and fleet monitoring software for electric vehicles.

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“Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences,” Ford said.

 “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.”

The Electriphi acquisition supports Ford Pro’s target to capture over $1 billion of revenue from charging by 2030. The company will ship E-Transit to customers later this yearand F-150 Lightning Pro 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.”

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 “Ford Pro is focused on helping commercial customers work better and smarter, with greater productivity and connectivity backed by trusted durability,” said Cannis. “Bringing Electriphi on board is the last component to complete Ford Pro’s strategy to establish a commanding leadership position in the software space and build out our full-service stack to create an always-on relationship with the commercial customer.”

The acquisition is expected to close in June. Terms are not being disclosed.


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EDITED BY : HEENA IQBAL 2MINS READ

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