What’s Happening: InductEV, formerly known as Momentum Dynamics, is moving to a new headquarters facility located at 660 Allendale Road, King of Prussia, PA. The 50,600 square foot space will provide expanded office and engineering facilities, enabling the company to build a state-of-the-art lab and innovation center as it ramps up production to meet increasing customer demand.
Why It Matters: The relocation signifies the company’s strong growth and commitment to staying at the forefront of innovation in the electric vehicle (EV) charging industry. The new headquarters is designed with the needs of a rapidly growing company in mind and will help InductEV attract top talent, improve efficiency, and foster collaboration among its teams.
- InductEV’s new location offers a modern, energy-efficient mixed-use facility, with more office and research and development space, open areas for collaboration, larger engineering labs, and improved amenities.
- Barry Libert, Chairman and CEO of InductEV, highlighted the importance of the move, stating it is crucial for the company to keep up with the rapidly growing demand for their products.
- Patti Rensel, Chief People Officer at InductEV, emphasized the need for a facility that could grow with the company, providing a safer and healthier environment for their world-class team.
- Chuck Russell, President and COO of InductEV, noted that the new space is already making a significant difference in how efficiently and effectively the team can respond to new growth opportunities in both charging systems and infrastructure services.
Bottom Line: InductEV’s move to a larger and more advanced headquarters reflects its expanding market presence and underscores the company’s dedication to innovation and growth. The new headquarters will help InductEV meet the rising demand for its products and services, attract top talent, and continue to build momentum with customers and partners. Recent successes, including a strategic partnership with ChargePoint and the invalidation of six WiTricity patents, further demonstrate InductEV’s position as a leader in the wireless EV charging industry.