Sweden’s e-mobility cluster is expanding fast with the latest international investment of EUR 25 million coming from the Italian automotive supplier Zapi Group and its subsidiary Inmotion Technologies, a leading specialist in inverter manufacturing.
“Having close collaboration between R&D, strategic purchasing and production is a pre-requisite for achieving a cost‐effective product. The Stockholm region offers strong opportunities to find the right skills and partners, as well as close proximity to our customers in the commercial vehicles sector,” says Mattias Nubäck, CEO, Inmotion Technologies.
“The new manufacturing facility in Tyresö will be highly automated and allows us to reduce transport, cut delivery lead times and improve our sustainability performance,” Nubäck continues.
Sweden's largest factory for e-mobility inverters
The decision by Inmotion Technologies and Zapi Group to invest in an advanced manufacturing facility for inverters was announced today, February 10, on site in Tyresö, some 20 km south of central Stockholm. Construction will begin immediately and the new facility is expected to open in mid 2023.
The press event was attended by Business Sweden’s CEO Jan Larsson and Anna Hallberg, Sweden’s Minister for Foreign Trade and Nordic Affairs.
“I warmly welcome Inmotion Technologies and Zapi Group’s investment in Sweden’s largest production facility for inverters. This advanced plant will add key capabilities in the supply chain and unlocks new opportunities for co-innovation. The announcement further demonstrates the international attractiveness of Sweden’s rapidly growing ecosystem for e-mobility,” says Jan Larsson, CEO, Business Sweden.
Anna Hallberg, Minister for Foreign Trade and Nordic Affairs, comments:
“We are showing the world that the green transition creates jobs and growth. Not in the future, but here and now. I am delighted to welcome yet another strategic investment by a leading international supplier of electrification solutions. Again, Sweden is showing its leading position within electrification. The government will continue to support the outstanding Swedish electrification cluster.”
A key component in electric drivetrains
Inverters play an essential role in the e-mobility supply chain as they convert direct current to alternating current in drivetrains for electric vehicles. Inmotion Technologies developed its first AC inverter for forklifts in 1996 and market demand is now accelerating rapidly in all customer segments.
Inmotion’s sales are forecast to more than double and reach EUR 100 million by 2026. The expansion in Sweden will help meet rising demand from vehicle manufacturers and commercial machinery OEMs across Europe. The company plans to recruit 100 skilled operators, software engineers and other competences needed for production, testing and logistics.
Taking sustainability to new heights
Inmotion’s parent company Zapi Group will gain a new level of sustainability with its investment in Sweden. Apart from benefiting from an electricity grid with the EU’s highest share of renewable energy, the 6,000 sqm production building in Tyresö will be equipped with solar panels and geothermal heating.
In addition, the Swedish localisation of the plant means that Inmotion Technologies can co-innovate and rapidly upgrade its products together with Sweden’s world-leading commercial vehicle manufacturers.
“Requirements are increasing on our ability to provide advanced customised products and shorter lead times. By locating our new facility in Stockholm, we can assure that our innovations keep evolving in lockstep with the latest trends in the e-mobility sector,” concludes Mattias Nubäck, CEO, Inmotion Technologies.
For further information, please contact:
Business Sweden's press service: firstname.lastname@example.org, +46 8 588 66 007
About Inmotion Technologies
Inmotion Technologies is a leading supplier of inverters, electric motors and industrial power electronics owned by Zapi Group, an Italian specialist in motion control for battery and hybrid-powered vehicles. The company currently has 124 employees in Tyresö south of Stockholm, Sweden, as well as manufacturing and product development centres in the US, Japan, China and South Korea.
Founded in 1967, Inmotion Technologies has long-standing experience of large scale production of both high and low voltage products. To date, the company has supplied several million inverters to vehicle customers around the world ranging from golf carts and forklifts to city buses, cars, trucks and construction equipment.