Ubitricity, developer of smart electric vehicle charging solutions has recently secured €20 million in a Series C funding round from existing shareholders including EDF and Next47 (venture capital arm of Siemens AG), and the Honda Motor Company.
A few days back, Honda purchased almost 15 per cent of the shares in the mobile metering startup Ubitricity. This investment could be a sign of Honda’s big plan on integrating ubitricity technology into its upcoming electric cars.