Tritium Rings Nasdaq Closing Bell in Honor of Listing
Australian EV charging startup Tritium DCFC Limited began trading on Nasdaq on January 14, 2022, following the close of its business combination with Decarbonization Plus Acquisition Corporation II. On the afternoon of January 27, Company management rang the Closing Bell at Nasdaq MarketSite in New York’s Times Square in honour of its listing on the exchange.
“We are pleased to celebrate this important milestone for Tritium here at Nasdaq,” said Jane Hunter, Tritium’s Chief Executive Officer. “The transport industry is being electrified, which means it is more important than ever for EV owners to have access to rapid, reliable charging infrastructure. We are proud to provide this networked infrastructure to our customers. As a public company, we expect to continue to expand our product suite and global footprint, which has already enabled more than 3.6 million high-power charging sessions across 41 countries—delivering over 55 GWh of energy. I want to thank the Tritium team and Board of Directors, our investors, our partners at DCRN and our transaction advisors for their support and dedication through this process.”
Tritium embodies the Australian technology success story, and emphasises why investment in similar startups is critical. Founded in 2001 by e-mobility pioneers Dr. David Finn, James Kennedy, and Dr. Paul Sernia, the company draws on two decades of power electronics experience in the renewable energy field, and has well and truly established itself as a global leader in the DC fast charging space for EVs.
Tritium will look to have its US manufacturing plant up and running before the end of September, as it seeks to rapidly expand following the on Nasdaq. The company has been affected by global pandemic-related supply issues, and a stateside factory will go a long way to calming investors’ nerves around the continuing global transport delays and semiconductor shortages. Tritium had $US2 million (AUD$2.7 million) sitting in ships off the Port of Long Beach in December, en route from Australia, unable to dock.