VW’s Elli exits charging hardware and seeks investors
The Volkswagen subsidiary is ending wallbox and Flexpole production to focus on fleet cards, energy tariffs and V2G services.
Elli, Volkswagen Group’s charging and energy subsidiary, will significantly scale back its hardware business and is opening itself to external investors, CEO Giovanni Palazzo told electrive in an interview.
The company is ending production of its Flexpole battery-buffered fast chargers in Hanover and discontinuing its AC wallbox, with remaining stock to be sold. It will also stop installing charging infrastructure for fleets, handing planning, construction and maintenance to external partners. The phase-out is due to be completed by the end of 2027. “There will be no impact whatsoever on the use or application of the devices already sold,” Palazzo said.
Several companies have expressed interest in stakes or closer strategic cooperation, although nothing has been finalised. The aim is to scale internationally faster and enter new markets.
Elli will focus on its mobility service provider business, including fuel and charging cards and fleet management, supported by the integration of LogPay’s fuel card business for mixed fleets.
In energy, it plans dynamic tariffs and bidirectional charging. A vehicle-to-grid (V2G) offer launches in November with The Mobility House and lets customers earn up to €720 a year. “We believe that V2G could be a real game-changer,” added Palazzo.
