Inmotion Technologies expands together with property company Balder - creates Sweden's largest inverter factory for commercial vehicles
Inmotion Technologies in Tyresö, southern Stockholm, is expanding with a production facility of 6,000 sqm, in order to meet strong demand for the company’s products. Inmotion develops and produces power electronic products for electrified commercial vehicles. The construction of the new facility will start in February 2022 and the inauguration is planned for mid-2023. Property owner Fastighets AB Balder has together with Inmotion developed the new premises to be optimized for the needs of Inmotion.
Inmotion has worked with electrification of commercial vehicles for more than 30 years and are very well positioned when the electrified vehicle market is gaining momentum. To give perspective, companies like Scania and Volvo estimate that 50% of their vehicle sales in 2030 will be fossil-free.
“Large customers in the truck sector are moving ahead with electrification and this creates a strong demand for our products and services. It is very rewarding and stimulating to contribute with solutions to the climate crisis. Our products are a very important part of the electrical vehicles that accelerate the reduction of fossil fuel usage. Demand is very strong and we are in an incredibly expansive phase where we build Sweden's largest factory for vehicle-mounted inverters and power electronics,” says Martin Wennerblom, Marketing Director at Inmotion Technologies.
Since 2005, Inmotion Technologies has leased a 6,500 sqm facility in Tyresö from the property company Balder. The new factory will be adjacent to the existing premises and has been developed in close cooperation between the two companies.
“Inmotion Technologies is a long-standing and close partner to Balder and we are very happy to be part of their journey enabling their expansion. It is important for us as property owner and landlord to be responsive so that our customers thrive and have the opportunity to develop their business,” says Martin Ernstson, Head of Commercial at Balder.
Balder is the property owner and developer of the new 6,000 sqm facility, which will be environmentally certified according to Miljöbyggnad Silver. The building is designed with energy-saving features such as solar panels and a geothermal heating system. For staff and customers, a large number of vehicle chargers and bicycle chargers will be installed to facilitate commuting by electric car and bicycle.
The new production facility together with Inmotion's other related investments are estimated to create up to 100 jobs in five years' time and have the capacity to deliver equipment to at least 200,000 vehicles per year.
“The total investment now made is in the order of SEK 250 million. The expansion in Stockholm is expected to generate an annual turnover of almost one billion SEK within the next five years,” says Martin Wennerblom.
Construction starts in February 2022 and inauguration is planned for mid-2023. During the groundbreaking ceremony on February 10, representatives from Inmotion, Balder, Ministry of Foreign Affairs, Business Sweden and Invest Stockholm participated.
“I warmly welcome the investment by Inmotion Technologies and Zapi Group as they prepare to establish Sweden’s first production facility for e-mobility inverters for commercial vehicles. 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:
“Sweden’s mobility sector is helping Europe pioneer the shift to electric vehicles thanks to advanced skills and technologies and a thriving innovation environment. I am delighted to welcome this strategic investment by yet another leading international supplier of electrification solutions, which will bring more jobs, competence and greater opportunities for co-creation.”
Pictures
“Groundbreaking ceremony”: A common first sod for the new facility was taken by Jan Larsson, CEO Business Sweden, Staffan Ingvarsson, CEO at Stockholm Business Region AB, Anna Hallberg, Minister for Foreign Trade and Nordic Affairs, Mattias Nubäck, CEO at Inmotion, Martin Ernstson, Head of Commercial at Balder. Photo: John Stangdell
"Building sketch Inmotion Balder": The new facility of 6,000 m2 will be certified Miljöbyggnad Silver and inaugurated in summer of 2023.
For further information, please contact:
Eva Jonasson, Press Officer at Balder
eva.jonasson@balder.se, +46 (0)31 79 10 44
Martin Wennerblom, Marketing Director at Inmotion Technologies
martin.wennerblom@evs-inmotion.com, +46 (0)70 161 57 98
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Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties. Balder is one of the largest property companies on the Nordic market with properties also in Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 September 2021, the property portfolio had a value of SEK 179.2 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.
Inmotion Technologies AB is a global supplier of electric motors, motor control units and auxiliary electronic equipment for the industrial and commercial vehicles, with a focus on developing products for emission-free transport solutions. Inmotion delivers to OEM manufacturers of electric and hybrid vehicles such as buses, trucks, construction machinery, trucks and material handling systems. The corporate culture is characterized by innovation, technology and continuous improvements; the requirements for quality, reliability, delivery precision and cost efficiency are high. One of our core values is sustainability. Inmotion Stockholm currently employs about 200 people and is part of the Zapi Group, a fast-growing global leader in electrification of vehicles based in Italy. Zapi Group has approximately 1,450 employees and a turnover of over € 500 million and a total of 18 offices in 13 different countries.
