PowerFlex, the U.S. subsidiary of EDF Renewables North America, is acquiring The Mobility House’s North American business through a share-exchange transaction that will expand its electric vehicle charging and energy-management activities.
Under the agreement, The Mobility House’s U.S. business will be merged into PowerFlex, while The Mobility House will receive an equity interest in PowerFlex and become a minority shareholder. The transaction forms part of The Mobility House’s broader restructuring and strategic shift toward its European energy business.
The Mobility House has spent several years developing its presence in the United States and Canada, with a focus on depot charging, fleet electrification and energy management. The company said the transaction will allow the North American business to operate within a larger platform with broader resources and capabilities.
PowerFlex Expands Fleet Charging Capabilities
PowerFlex currently manages more than 70,000 charging points in the United States and has installed more than 500 MW of commercial solar capacity and over 50 MWh of battery storage.
The acquisition is expected to strengthen PowerFlex’s position in intelligent charging for school buses, public transportation and commercial fleet depots. It will also add capabilities related to integrating electric vehicles with wider energy systems.
The transaction includes ChargePilot, The Mobility House’s charging and energy-management platform. PowerFlex will continue developing and operating ChargePilot in the United States and Canada.
ChargePilot currently manages more than 100 MW of charging capacity for more than 150 fleet operators across the two countries. The Mobility House North America is also involved in seven vehicle-grid-integration projects using electric school buses in several U.S. states.
The Mobility House Focuses on Europe
The transaction is part of The Mobility House’s efforts to concentrate its operational resources and technology development on Europe.
The company plans to focus more heavily on energy-related applications, including vehicle-to-grid (V2G) and vehicle-to-home (V2H) technologies. Its strategy also includes aggregating and optimizing vehicle and stationary batteries for participation in energy markets.
The Mobility House recently completed the sale of its fleet division, The Mobility House Solutions, to Edenred as part of the same broader strategic realignment.
Thomas Raffeiner, founder and chief executive of The Mobility House, said the North American business would benefit from PowerFlex’s scale while The Mobility House would remain involved through its minority ownership position.
“With PowerFlex, this business will have the reach, resources, and complementary capabilities it needs for the next phase of growth,” Raffeiner said.
Existing Customer Relationships to Continue
The companies said existing contracts, services and customer relationships of The Mobility House North America will remain unchanged following the transaction.
Gregor Hintler, chief executive of The Mobility House North America, will join PowerFlex and continue working with existing customers and partners.
The deal gives PowerFlex additional capabilities across EV charging, fleet energy management and vehicle-grid integration, while allowing The Mobility House to maintain an indirect presence in the North American market through its minority stake.
For The Mobility House, the transaction further aligns its business around European energy-management activities and the development of V2G and V2H applications.
