ABB, a global leader in e-mobility, has recently announced its investment in YKC Charging’s pre-C round. This investment is part of ABB’s commitment to the development of the electric vehicle (EV) charging infrastructure.
YKC Charging is a Chinese EV charging company that provides charging solutions for both public and private EV charging stations. The company has developed a comprehensive charging platform that includes hardware, software, and cloud services. This platform is designed to provide a seamless charging experience for EV owners.
ABB’s investment in YKC Charging is part of its strategy to expand its presence in the Chinese EV charging market. The company has already established a strong presence in the European and North American markets, and this investment will help it to further strengthen its position in the Chinese market.
The investment will also help YKC Charging to expand its operations and develop new products and services. The company plans to use the funds to develop new charging solutions, such as wireless charging and mobile charging, as well as to expand its network of charging stations.
ABB’s investment in YKC Charging is a testament to the company’s commitment to the development of the EV charging infrastructure. This investment will help to accelerate the adoption of EVs in China, and will also help to reduce the environmental impact of transportation.
ABB’s investment in YKC Charging is a positive step towards the development of a more sustainable transportation system. This investment will help to ensure that EV owners have access to reliable and convenient charging solutions, and will help to reduce the environmental impact of transportation.
On July 28, ABB E-mobility officially announced its investment in YKC Clean Energy Technologies (YKC Charging) Pre-C round, and it would join hands with YKC Charging to build a charging network ecosystem in the future. YKC Charging will apply ABB E-mobility’s various AC and DC charging products to the expansion of its charging network more widely. The two parties will work together to promote the electrification of global transportation.
The partnership is part of ABB E-mobility’s global business expansion. With the help of ABB’s global influence and its own excellent charging platform and operational capabilities, YKC will also provide a wider range of charging services for the global market, further expanding the scope of operations and develop solutions for energy management and asset digitization for operators and electric vehicle owners.
As of June 2022, YKC Charging’s business has covered more than 360 cities across China, connected with more than 5,100 high-quality charging pile operators, and established cooperation with more than 500 charging pile enterprises, with over 240,000 charging terminals connected to its platform.
