CompleteCar

Volkswagen invests in Hubject

Cross-manufacturer e-mobility platform, Hubject, welcomes the Volkswagen Group as its newest shareholder.

What's the news?

Volkswagen has become the latest investor in Hubject, a cross-manufacturer 'e-mobility' platform. Hubject GmbH was founded in 2012 to connect charging station operators and e-mobility service providers with electric car drivers. The idea is to encourage motorists to switch to battery power with a comprehensive charging infrastructure and simple international payment system. Almost 40,000 charge points on three continents are already available on this platform.

The founding shareholders BMW, Bosch, Daimler, EnBW, innogy and Siemens welcomed the Volkswagen Group's participation in the project. Investment in the platform is a demonstration of Volkswagen's commitment to bringing e-mobility to the mass market.

As part of its 'TOGETHER - Strategy 2025' the Volkswagen Group plans to launch 30 new electric vehicles by the year 2025. Thomas Sedran, Head of Group Strategy at Volkswagen AG said: "We have set our sights on becoming a globally leading provider in the field of sustainable mobility. With our investment in Hubject we are supporting the digital transformation and making an important contribution to the transition to the era of e-mobility".

Christian Hahn, CEO of Hubject GmbH, commented: "We now have seven strong shareholders from three sectors of industry, which gives us the ideal basis for systematically pursuing our growth course in e-mobility. We are excited about this future-oriented collaboration together with the Volkswagen Group. And we remain open to welcoming further new international shareholders in the future."

USEFUL LINKS

Written by
Published on December 16, 2016