AGGREGATES BUSINESS: Holcim and Magment partner on concrete EV charging solutions

Concrete Plants, Equipment & Applications / August 3, 2022

By Liam McLoughlin

The partnership will develop Magment’s magnetisable concrete technology for road surfaces. Image: Magment

Holcim has made a financial investment in German-based magnetisable concrete startup Magment, expanding their existing collaboration in road-based electric vehicle (EV) charging solutions.

Building materials provider Holcim says the two companies have jointly developed a concrete formulation enabling wireless inductive charging technology. Possible applications include roads that can charge electric vehicles while in motion, or warehouses and factories where robots can be continuously recharged. 

Edelio Bermejo, head of Holcim’s global innovation centre, commented: “Holcim and Magment share a common goal: to accelerate our world’s transition to net-zero through innovative and sustainable solutions. By 2040 virtually every new car sold globally will be electric. We are excited to combine our magnetisable concrete with Magment’s technology in order to enable vehicles to charge as they move.”

Magment founder and CEO Mauricio Esguerra added: “We are excited to reinforce our partnership with Holcim and welcome them as a cornerstone investor. Our work together will help advance inductive charging infrastructure to reinvent the way electric vehicles are charged, making it seamless, convenient and sustainable.”

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