Switzerland-based industrial group ABB has provided $10m as private investment in a public equity to Nasdaq-listed Ecotality, which makes infrastructure to charge up electric cars.
ABB will also provide its electronics for Ecotality’s Blink charging stations (pictured). ABB will have two board members at Ecotality.
Brice Koch, head of ABB marketing and customer solutions, said: "The partnership brings together ABB’s experience in smart grids, renewable energy and reliable, efficient power networks, with Ecotality’s leadership in North America’s growing market for electric vehicle infrastructure."