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BMW invests in Canadian company involved in EV vehicles

By PetrolHead on 26 Jul 2012

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I've got a bit of business news to report. Looks like BMW has big plans for its 'i' sub-branding. The German automaker has recently invested in one Coulomb Technologies, a company based in California that provides electric-vehicle charging stations and software.

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Besides BMW, Coulomb technologies has development agreements with General Motors, Ford, Nissan and the luxury hybrid maker, Fisker.

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Coulomb's ChargePoint operates EV charging stations in more than 14 countries, including the US and provide EV customers, dealers and manufacturers with a range of cloud-based services. The services include charging station locations, payments processing and monitoring of energy use and costs.

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As you might be aware BMW will be launching its "i" sub brand that will focus solely on EV's starting next year starting with the battery-powered i3 city car.

Interestingly among the latest investors in Coulomb is Toyota TsushO, a member of the Toyota Group. Recently BMW and Toyota signed a MOU to co-develop cars, so is a Toyota based i3 or a EV Yaris or iQ on the way?

Time will tell.

electric car, other news, europe and 7 more...

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Written by PetrolHead
A passionate motoring enthusiast since little, Akram's articles gives alternative insights on the latest motoring news.

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