On February 1, 2023, ABB E-mobility Holding AG closed the transaction. The company received approximately CHF 525.5 million in the transaction with CHF 325.5 million in its final and closing tranche. The transaction included participation from new investors, Porsche Automobil Holding SE, BeyondNetZero, GIC Private Limited and Just Climate LLP.

The transaction was raised at a post money valuation of CHF 2,500 million.