Gilbarco Veeder-Root invests in charging manufacturer Tritium

Tritium

Gilbarco Veeder-Root, a provider of technology for retail and commercial fueling operations (and a division of Fortive Corporation), has made a minority investment in charging manufacturer Tritium.

DC fast charger manufacturer Tritium was established in 2001, and now has installations in 26 countries.

Gilbarco Veeder-Root will sell all Tritium solutions, including Veefil-PK high power charging (HPC) systems. The Veefil-PK boasts a smaller footprint than other HPCs on the market, and features a liquid cooling system that’s designed to minimize wear on internal parts and ensure an optimal charger lifetime.

“Gilbarco Veeder-Root’s interest in Tritium further validates Tritium’s capabilities and technology expertise in the EV space,” said Tritium founder and CEO David Finn. “This investment also sends a strong message to the industry about the future of EV charging in the retail fueling and convenience market.”

“Our partnership with Tritium is the logical next step in our history of evolving our business portfolio to address progressive customer needs,” said Martin Gafinowitz, Senior VP of Fortive. “This investment provides early and judicious entry into a market with a growing need for rapid charging, which is one of the top barriers to EV purchase.”

 

Source: Tritium