Just Climate invests in ABB E-mobility

Just Climate, an investment business created by Generation Investment Management to address the net-zero challenge at scale, has invested in ABB E-mobility, a Swiss-based specialist in EV charging solutions.
By James Foster February 9, 2023 Read time: 1 min
ABB E-mobility has sold more than one million EV chargers across more than 85 markets, over 50,000 DC fast chargers and more than one million AC chargers.
ABB E-mobility has sold more than one million EV chargers across more than 85 markets, over 50,000 DC fast chargers and more than one million AC chargers.

Around 24% of all emissions come from the transportation sector, according to the International Energy Agency (IEA), which has traditionally been hard to decarbonise. Just Climate's investment in ABB E-mobility will help decarbonise road transport by accelerating the deployment of its solutions ranging from smart chargers for the home to high-power chargers for highway stations of the future, solutions for electrification of fleets and opportunity charging for electric buses and trucks. Just Climate believes backing this business will have a significant impact on emissions abatement in a hard-to-decarbonise sector.

"We are delighted to see investors sharing our strong confidence and trust in the E-mobility business growth story,” said Björn Rosengren, CEO of ABB. “Furthermore, ABB remains committed to our strategy to separately list the business subject to constructive market conditions, while remaining the majority owner."