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Volkswagen takes stake in e-mobility service group Hubject
December 15, 2016 / 9:04 AM / a year ago

Volkswagen takes stake in e-mobility service group Hubject

FRANKFURT, Dec 15 (Reuters) - German carmaker Volkswagen has taken a stake in Hubject, which develops a standard payment method for electric charging stations, joining fellow carmakers, engineering groups and utilities that prepare for an expected e-car boom.

Hubject, which also counts BMW, Bosch, Daimler, Siemens, EnBW and Innogy among its owners, will also receive a fresh single-digit million euro funding round, co-Chief Executive Thomas Daiber said.

“That way we can better expand our business in the future,” he told Reuters on Thursday. (Reporting by Christoph Steitz; Editing by Maria Sheahan)

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