FLEETCOR acquires electric vehicle charging expert Plugsurfing

Fleet fuel card giant FLEETCOR Technologies has announced major investments in two electric vehicle charging companies.

The US-based commercial payment company has purchased electric vehicle charging platform Plugsurfing for 75 million eurosand last month invested £5.3m [EUR 6.1m] in Zap Mapwhich provides UK electric vehicle drivers with software to locate, plan and pay for electric vehicle charging.

300,000 charging stations

Plugsurfing has over one million users, who use the app and associated RFID card or key to locate and then pay for charging at over 300,000 public charging stations across Europe.

In Germany, Plugsurfing customers benefit from fixed rates of €0.48/kWh for AC charging and €0.64/kWh for DC charging, regardless of the network, as well as €0.89/kWh at Ionity chargers.

The company, which launched in Berlin in 2012, also provides white-label solutions to automakers so they can provide their electric vehicle customers with charging solutions on nearly 80% of chargers on the continent. Additionally, Plugsurfing allows charging station operators to accept various payment options.

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plugsurfing extension

Tatu Kulla, CEO of Plugsurfing, said, “FLEETCOR is a perfect next step for the company as it will further focus on our product roadmap, provide complementary capabilities for customers and partners, and give us the opportunity to expand faster and more broadly across market segments and geographies.

For FLEETCOR, the acquisition helps bridge the gap between its traditional fossil fuel card business and the world of electric vehicles, as its fleet customers transition to zero-emission vehicles.

Ron Clarke, President and CEO of FLEETCOR, said, “We are building a wide range of electric vehicle assets to not only meet the needs of our fleet customers for public and home charging, but also to penetrate entirely new electric vehicle customer segments. with OEMs and CPOs (charging station operators).

Zap Map

In the UK, Zap-Map has 350,000 registered users and over 95% of UK public charging stations on its network.

Alan King, President of FLEETCOR’s Global Fleet Group, said, “We have integrated Zap-Map’s electric vehicle software and network into our UK commercial fleet solution to seamlessly serve our customers when transition to mixed fleets. »

Image: Plugsurfing

Mary I. Bruner