Volkswagen and Siemens invest in Electrify America’s ambitious growth plans

The Volkswagen Group and Siemens support the ambitious growth plans of Electrify America, LLC – the largest public ultra-fast charging network for electric vehicles from all vendors in North America. Volkswagen together with Siemens, the leading global technology company, is investing $450 million, valuing Electrify America at $2.45 billion. Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

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