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Electreon Signs MoU to Acquire InductEV Assets, Uniting Wireless EV Charging Capabilities

The nonbinding deal still requires due diligence plus regulatory clearance before any combined platform moves forward.

Overview

  • Electreon agreed to a memorandum of understanding to purchase the assets of InductEV, a U.S. provider of ultra-fast, high-power static wireless charging for heavy-duty fleets.
  • The proposed tie-up would pair Electreon’s in-motion charging and high-power stationary solutions with InductEV’s ultra-fast static systems to cover use cases from passenger cars to autonomous trucks.
  • The companies cite a combined portfolio of roughly 400 granted and pending patents along with extensive field deployments.
  • Both firms work with major vehicle OEMs, which they say should speed integration of wireless charging into future platforms.
  • Electreon highlights cost-efficient manufacturing, international projects in nine countries, and its Flow software as enablers for scaling fleet electrification if the transaction is completed.