Ford acquires Electriphi as it prepares to woo EV fleet customers

Ford has two electric vehicles in the pipeline - the E-Transit Truck and the F-150 Lighting Pro - for commercial customers. With the takeover of the battery management and fleet monitoring software start-up Electriphi, the automaker is rounding off its future EV business.


Ford has two electric vehicles in the pipeline —  the E-Transit cargo van and F-150 Lighting Pro —aimed at commercial customers. Now, the automaker is rounding out its future EV commercial business with the acquisition of battery management and fleet monitoring software startup Electriphi.

Terms of the acquisition weren't disclosed. Ford is betting that the software developed by the three-year-old San Francisco startup will help it capture more than $1 billion in revenue just from charging by 2030. Ford Pro has financial ambitions beyond charging. The business unit said it expects to generate $45 billion in revenue from hardware and adjacent and new services by 2025 — up from $27 billion in 2019.

Electriphi, along with its 30-person team, will be folded into the newly minted Ford Pro business unit, which is focused on providing services to commercial customers of its electric Transit van and F-150 Lightning Pro pickup truck. Ford will start shipping E-Transit to customers later this year. The F-150 Lightning Pro, a commercial variant of the all-electric Lightning pickup truck, is expected to come to market in spring 2022.

“As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they're powered up and ready to go to work every day,” said Ford Pro CEO Ted Cannis. “With Electriphi's existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a sin ...

Read original at TechCrunch

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Ford acquires Electriphi as it prepares to woo ... startup Electriphi. Terms of the acquisition werent disclosed. Ford is ... for fleet-depot charging. Electriphi launched in 2018 when ... transition is happening.' Ford first approached Electriphi in early 2021. ...
... DETROIT Ford Motor Co. on Thursday said it is acquiring Electriphi, a fleet ... the acquisition will allow Ford to offer commercial fleet ... set of charging solutions." Ford believes it can increase ... charging at the workplace. Electriphi is based in California ...


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