Ford to buy electric vehicle charging management platform Electriphi

Ford Motor said on Thursday it would buy Electriphi, which provides charging management and fleet monitoring software for electric automobiles.

The decision comes as part of the automaker’s plan to electrify 40% of its automobiles by 2030.

Founded in 2018, Electriphi’s platform helps track the real-time status of automobiles, chargers, and maintenance services, other than providing fleet electrification.

It has 33 employees across 3 locations and $3.5 million in total funding.

Ford did not share the terms of the deal, which is expected to close this month and would permit the automaker to offer depot charging solutions for consumers making the switch from fossil fuels to electric batteries.

Electriphi’s charging management platform will be a part of Ford Pro, according to its CEO Ted Cannis. Ford Pro is the automaker’s new unit for focusing on commercial and government customers.

“By including Electriphi’s existing advanced technology in the Ford Pro electric vehicles and services offering, we can improve the commercial customer experience and become a single-source solution for fleet depot charging challenges,” said Cannis.