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İnci Holding invests in the technologies of the future

İnci Holding invests in the technologies of the future

23 September 2020

İnci Holding’s purchase of shares in the Series C Financing Round of Rhombus, a US technology company focusing on advanced charging systems for electric vehicle fleets and power storage, adds another one to its investments in technology. İnci Holding President Neşe Gök says, ‘Supported by global partnerships and in line with our vision and strategy, we maintain a solid performance in Industry 4.0 and digital transformation in our main operating areas even as we continue to invest in the technologies of the future.’

An innovative step from İnci Holding: continuing to parallel the transformation and changes in the automotive sector, this venerable Turkish institution has invested in Rhombus, a company focusing on the complex charging requirements of electric vehicle fleets. Rhombus operates in electric vehicle charging infrastructure, energy storage and microgrid applications. Transforming into opportunity the failure of existing power grids to support the charging requirements of electric vehicle fleets, the company anticipates further growth in the near future to match the expected rise in the electric vehicle market.

İnci Holding has joined the syndicate led by Emerald Technology Ventures, a prominent investor in technology since 2000, in the Series C Financing Round of Rhombus undertaken to enable the technology company to develop new products and open to new markets. With the purchase of Rhombus shares at the end of the financing round, İnci Holding has completed another investment in technology. İnci Holding President Neşe Gök says, ‘Supported by global partnerships and in line with our vision and strategy, we maintain a solid performance in Industry 4.0 and digital transformation in our main operating areas even as we continue to invest in the technologies of the future. In addition to this direct investment in Rhombus, we have also signed a framework cooperation agreement to make use of opportunities in the European market in this area.’

‘We grow stronger in our technology journey’

Gök continued, ‘Our first step into the worlds of technology and venture was in 2018 as we became a strategic investor Vinci Venture Capital, which is where we gained experience in the venture ecosystem, a business area we regard as having a great future. Leveraging this experience, we as İnci Holding have today made our first direct investment in technology.’

‘We will expand our potential’

Remarking on the development in İnci Group companies’ technological competence that will ensue from the synergy created by this new investment, Gök stated, ‘We are convinced that we will expand our potential, thanks to our deeply rooted past, our competence in the automotive supply sector and manufacturing resources. We hope this investment led by our vision in technology and the future will strengthen our country, sector and group.’

About Rhombus Energy Solutions:

Rhombus develops and manufactures next generation bi-directional electric vehicle charging infrastructure, high-efficiency power conversion systems and energy management system (EMS) software for vehicle-to-grid (V2G) capable electric vehicle fleet charging, energy storage and microgrid applications. The high reliability of our solutions is the result of decades of experience developing high power systems for a variety of applications and deployment scenarios, including UL-1741-SA system-to-grid solutions. For more information, please visit:

www.RhombusEnergy.com