Ford acquires EV tech startup Electriphi to provide its F-150 Lighting Pro customers with seamless charging solutions
We’re currently on the cusp of the biggest energy transition in history: from oil to renewable energy which ushers in a new era of electric vehicle revolution. This transition is also disrupting the entire energy distribution value chain and the role of AI and machine learning technology in end-to-end energy management for over 100 million electric vehicles expected to hit the roads by 2030.
Last month, Ford announced the all-electric F-150 Lightning Pro, its first-ever all-electric F-Series truck purpose-built for commercial customers. The electric truck, which is scheduled for delivery in Spring 2022, comes at a starting price of $39,974 for the base model with 230 miles of range while the range-extender battery with 300 miles of range starts at $49,000.
As part of its effort to provide its EV fleet customers with seamless charging and energy management, Ford announced today it has acquired Electriphi, a California-based tech startup and a provider of charging management and fleet monitoring software for electric vehicles. The total amount of the deal was not disclosed.
Ford said the acquisition will help the company accelerate its electric vehicle fleet adoption by offering commercial customers depot charging management together with vehicles like F-150 Lightning Pro and E-Transit van. The automaker said it plans to integrate Electriphi’s technology with Ford Pro services to develop the most advanced charging and energy management experiences for commercial customers
According to Ford, the depot charging industry is estimated to grow to over 600,000 full-size trucks and vans by 2030. This acquisition is part of Ford’s target to capture over $1 billion of revenue from charging by 2030.
“As commercial customers add electric vehicles to their fleets, they want depot charging options to make sure they’re powered up and ready to go to work every day,” said Ford Pro CEO Ted Cannis. “With Electriphi’s existing advanced technology IP in the Ford Pro electric vehicles and services portfolio, we will enhance the experience for commercial customers and be a single-source solution for fleet-depot charging.”
Founded in 2018 by Muffi Ghadiali and Sanjay Dayal, the San Francisco-based Electriphi provides software and services to simplify the transition to electric vehicle fleets while saving time and costs for customers. The company also develops end-to-end energy management and fleet operations software for light, medium, and heavy-duty commercial fleets.