The Mobility House sells North American business
EDF's American subsidiary PowerFlex is acquiring The Mobility House North America in a share exchange: The Mobility House's American company will merge into PowerFlex, while the German tech company will become a minority shareholder in PowerFlex.
The Mobility House is continuing its restructuring. We recently reported on the completed sale of its fleet division, The Mobility House Solutions, to Edenred. The company is now also restructuring its North American business: PowerFlex, a subsidiary of EDF Renewables North America and ultimately French energy group EDF, is acquiring The Mobility House’s US subsidiary. At the same time, The Mobility House will retain an indirect presence in North America by investing in PowerFlex and becoming a minority shareholder.
The Mobility House spent several years attempting to establish itself in the USA and Canada, primarily as a specialist in depot charging. However, like many competitors, it was affected by the politically driven slowdown in the e-mobility rollout in the USA. The Mobility House describes the transaction as another consistent step in the company’s strategic realignment.
According to the partners, PowerFlex currently manages more than 70,000 charging points in the US and has installed over 500 MW of commercial solar capacity and more than 50 MWh of battery storage. The EDF subsidiary also has a strong position in the North American market for large commercial fleets.
PowerFlex takes over ChargePilot in North America
PowerFlex develops integrated charging, solar and battery storage systems. By acquiring The Mobility House North America, the company aims to strengthen its position in intelligent charging for school buses, public transport and fleet depots, while adding expertise in integrating electric vehicles into energy systems. The deal also includes ChargePilot, The Mobility House’s charging and energy management system, which PowerFlex will continue to develop in the US and Canada. In Europe, ChargePilot is now marketed by Edenred following its acquisition of The Mobility House Solutions.
In North America, ChargePilot currently manages over 100 megawatts of charging capacity for more than 150 fleet operators in the USA and Canada. The Mobility House North America is also implementing seven vehicle-grid-integration projects with electric school buses across several US states.
The Mobility House describes the transaction as another consistent step in the company’s strategic realignment: “In the future, The Mobility House will concentrate its operational resources and technology development even more strongly in Europe, where it will focus on the energy business with vehicle-to-grid and vehicle-to-home applications. The focus is on the aggregation and optimisation of vehicle and stationary batteries on the energy markets.” The recent sale of the Solutions division was justified on the same grounds.
The Mobility House retains stake in North American business
“With PowerFlex, this business will have the reach, resources, and complementary capabilities it needs for the next phase of growth,” said Thomas Raffeiner, Founder and CEO of The Mobility House. “We are therefore contributing our North American business to a larger platform and will remain involved in its development as a shareholder.”
At the same time, Raffeiner and his team aim to further sharpen The Mobility House’s focus on our European energy and V2G/V2H business.
“This is the right platform to further scale our business and vehicle grid integration in North America,” said Gregor Hintler, CEO of The Mobility House North America.
For customers and partners of The Mobility House North America, existing contracts, services and contacts will remain unchanged. CEO Gregor Hintler will move to PowerFlex and continue working with existing customers and partners.