On June 17, 2021, Ford announced it is acquiring Electriphi, a California-based provider of charging management and fleet monitoring software for electric vehicles. Electriphi’s team and services will be integrated into Ford Pro – a new global business within Ford committed to commercial customer productivity and to developing the most advanced charging and energy management experiences. Wilson Sonsini Goodrich & Rosati represented Electriphi in the transaction.
The Electriphi acquisition comes as Ford prepares for the launch of all-electric versions of two of its most popular, high-volume commercial vehicles – the Transit van and F-150 pickup. Ford will start shipping E-Transit to customers later this year; F-150 Lightning Pro will be available in spring 2022.
Electriphi’s charging platform will complete the purpose-built, charging ecosystem services for commercial customers, including employee home charging, public charging, and e-telematics solutions. Customers in North America can sign up for Electriphi charge management services immediately; Ford Pro plans on making these services available in Europe at a later date.
The Electriphi acquisition is expected to close this month. Terms are not being disclosed. Morgan Stanley & Co. LLC is serving as Ford’s financial advisor in connection with this transaction.
The Wilson Sonsini team that advised Electriphi on the transaction includes:
Corporate
Bob O'Connor
Melissa Hollatz
Kathy Ku
Employee Benefits and Compensation
Madeleine Boshart
Mark Cornillez-Ty
Employment Litigation
Matthew Gorman
Technology Transactions
Audrey Garfield
Morgan Dudkewitz
For more information, please see Ford's press release.