ABB E-mobility Invests in YKC Charging Pre-C Round


Mohit Kamboj

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.