While the specific percentage of shares repurchased was not disclosed, ABB E-mobility continues to hold a significant stake in InCharge Energy. This deal gives InCharge more decision-making power over its future business operations.

Rich Mohor takes over from former CEO and co-founder Cameron Funk, who has transitioned to the role of Executive Board Chair.

The company used the 2024 ACT Expo to announce the appointment of Nikolas Runge as the new Chief Technology Officer (CTO). Runge will be responsible for scaling the engineering and product development teams to bring further innovation to its product range. The company rolled out 4,300 chargers in 2023 and the Board plans to build on this success.

Called ‘Turnkey Solutions’, the new service pairs signed-up customers with their local Volvo Trucks dealer, who will help them to set up their own charging infrastructure.

As part of the agreement struck between the two companies, Quanta Services will help Navistar customers to assess their EV charging requirements and will provide them with engineering, construction and maintenance services.

Automated technology specialist ABB Ltd of Zürich, Switzerland, has announced the acquisition of a 60% stake in commercial EV charging firm InCharge Energy, based in Santa Monica, California, USA. The transaction builds on ABB’s initial investment as part of Series A venture capital funding in InCharge.