DETROIT, Oct. 28, 2021 – Ford Motor Company and Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, today announced the five startups that will participate in the inaugural cohort of the Mobility Studio – a new program focused on supporting the advancement of technologies, product collaborations and business models that drive a cleaner transportation future. The program lives within Michigan Central, a new mobility innovation district being developed by Ford. This is the second of two studios opening as part of the partnership announced in 2020 between Newlab and Michigan Central.

Newlab and Ford selected the following companies from a competitive pool of global applicants to participate in the Mobility Studio’s first cohort and help address major challenges faced by fleets as they consider transitioning to electric vehicles, such as connected fleet management, supporting drivers at home, multi-use charging hubs and vehicle-to-everything applications:

Fermata Energy: Fermata Energy provides a complete solution that lets electric vehicles receive power from and provide power back to the grid and to buildings by integrating software, hardware options and knowledge, turning electric vehicles into energy storage assets that combat climate change, increase resilience and dramatically lower cost of ownership.

Full press release posted on Ford Media Center.

About Fermata Energy

Park it. Plug it. Profit.TM Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase energy resilience, and reduce energy costs. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn.