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The Mobility House Sells North American Business to PowerFlex

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The Mobility House Sells North American Business to PowerFlex
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The Gist

“The Mobility House has sold its North American business to PowerFlex in a share exchange deal, becoming a minority shareholder in the company. This acquisition strengthens PowerFlex's position in intelligent charging for school buses, public transport, and fleet depots, including The Mobility House's charging and energy management system, ChargePilot.”

The Mobility House has announced the sale of its North American business to PowerFlex, a subsidiary of EDF Renewables North America, in a deal that sees The Mobility House become a minority shareholder in PowerFlex. This strategic move is set to bolster PowerFlex's presence in the intelligent charging sector, particularly for applications such as school buses, public transport, and fleet depots.

Key Insights

The acquisition includes The Mobility House's US subsidiary and its charging and energy management system, ChargePilot. By integrating these assets, PowerFlex aims to enhance its capabilities in providing comprehensive charging solutions. The deal underscores the growing importance of intelligent charging infrastructure in supporting the widespread adoption of electric vehicles across various sectors.

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