Swiss company ABB acquires 72% stake in EV charging solutions startup Numocity
Shortpedia
Content Team
Image Credit: Inc42
Bengaluru-based Electric vehicle (EV) charging solutions startup Numocity said that Swiss technology company ABB’s e-mobility division has acquired a controlling stake in it. However, the startup didn’t disclose the acquisition cost. With this transaction, ABB will increase its shareholding in Numocity to 72% from 7% earlier, and would gain the right to become its sole owner by 2026.
