Swiss multinational company ABB a reputed name in the power and automation sectors has formally launched its electric vehicle charger, Terra 360, which is not only the fastest but can also power up to four vehicles at a time, said a company press release.

As a manufacturing company, ABB has been offering infrastructure such as charging and electrification solutions for electric vehicles since 2010 and works with international charging operators such as Ionity, Electrify America, and Chargedot. It has already sold more than 440,000 AC chargers and 21,000 DC fast chargers in 88 markets, according to the press release.

“With governments around the world writing public policy that favors electric vehicles and charging networks to combat climate change, the demand for EV charging infrastructure, especially charging stations that are fast, convenient, and easy to operate is higher than ever,” said Frank Muehlon, President of ABB’s E-mobility Division. With the launch of the Terra 360 charger, ABB is floating its electric vehicle charging business valued at $3 billion, Reuters reported.