Sweden's e-mobility cluster is expanding rapidly and the latest international investment of 25 million euros comes from the Italian vehicle supplier Zapi Group and its subsidiary Inmotion Technologies, a leading specialist in the manufacture of inverters.
- Close collaboration between R&D, strategic purchasing and production are prerequisites for creating a cost-effective product. The Stockholm region offers great opportunities to find the right skills and partners, as well as proximity to our customers in the commercial vehicle sector, says Mattias Nubäck, CEO, Inmotion Technologies.
- The new manufacturing facility in Tyresö will be highly automated and will enable us to reduce transport and delivery times and improve our sustainability performance, Nubäck continues.
Sweden's largest factory for inverters in e-mobility
Inmotion Technologies’ and Zapi Group's decision to invest in an advanced manufacturing facility for inverters was announced today, 10 February, on site in Tyresö, approximately 20 km south of central Stockholm. Construction will begin immediately, and the new facility is expected to open in mid-2023.
The press conference was attended by Business Sweden's CEO Jan Larsson and Anna Hallberg, the former Minister of Foreign Trade and responsible for Nordic Affairs.
- I warmly welcome Inmotion Technologies’ and Zapi Group's investment in Sweden's largest production facility for inverters. This advanced facility will bring key competencies to the supply chain and open new opportunities for co-innovation. The announcement is further proof of the international attractiveness of Sweden's rapidly growing ecosystem for e-mobility, says Jan Larsson, CEO, Business Sweden.
- We show the world that the green transition creates jobs and growth. Not in the future but here and now. I am delighted to welcome another strategic investment from a leading international provider of electrification solutions. Once again, Sweden shows its leading position in electrification. The government will continue to support the prominent Swedish electrification cluster, says Anna Hallberg.
A key component in electric powertrains
Inverters play an important role in the e-mobility supply chain as they convert direct current to alternating current in electric vehicle powertrains. Inmotion Technologies developed its first AC inverter for forklift trucks in 1996 and market demand is now rapidly increasing in all customer segments.
Inmotion's sales are expected to more than double and reach 100 million euros by 2026. The expansion in Sweden helps to meet the increasing demand from vehicle manufacturers and OEMs of commercial machinery across Europe. The company plans to recruit 100 highly qualified operators, software engineers and other skills needed for production, testing and logistics.
Taking sustainability to new heights
Inmotion's parent company Zapi Group will strengthen its sustainability work with its investment in Sweden. In addition to benefiting from an electricity grid with the EU's highest share of renewable energy, the 6,000 m2 production building in Tyresö will be equipped with solar panels and geothermal heating.
The Swedish localisation of the facility also means that Inmotion Technologies can co-create innovations and quickly upgrade its products together with Sweden's world-leading commercial vehicle manufacturer.
- The demands are increasing on our ability to provide advanced customised products and shorter lead times. By locating our new facility in Stockholm, we can ensure that our innovations continue to develop in line with the latest trends in the e-mobility sector, concludes Mattias Nubäck.