
innolectric
Power electronics and communication for EV charging.
EUR | 2017 |
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Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
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innolectric AG is a German company that develops and manufactures components for electromobility, with a focus on power electronics and charging communication. Founded in 2016 as a spin-off of a developer of automotive test systems, the company became independent in 2018. In 2023, innolectric entered into a strategic partnership with Bel Fuse Inc., a global supplier of electronic components, to enhance its market position.
The company's core products include On-Board Chargers (OBCs) and DC Charging Controllers, which are designed for commercial and heavy-duty electric vehicles. The On-Board Charger is a compact unit that enables both AC and DC charging, supporting various international standards like CCS1, CCS2, and NACS. The DC Charging Controller acts as a communication interface between the vehicle and the charging infrastructure for DC fast charging. innolectric's products are used in diverse sectors including construction, agriculture, marine applications, and airport ground support vehicles. The business model is centered on selling these hardware components to vehicle manufacturers, offering customization services to adapt products to specific client needs, and providing engineering consulting.
All development, from software to hardware and mechanical design, is conducted in-house at its Bochum, Germany headquarters. This vertical integration allows for rapid prototyping and customization. The company's CEO is Tim Karcher. In February 2023, Bel Fuse acquired a minority stake in innolectric for an undisclosed amount, a move intended to help innolectric scale by leveraging Bel's customer base and global reach.
Keywords: On-Board Charger, DC Charging Controller, EV charging components, power electronics, charging communication, electromobility, commercial electric vehicles, heavy-duty EV, AC/DC charging, CCS charging, NACS charging, ISO 15118, vehicle-to-grid, V2G, silicon carbide technology, fast charging, e-mobility solutions, automotive test systems, Bel Fuse partnership, Tim Karcher.