Member Article

FLEETCOR® Makes follow on Investment into UK Electric Vehicle Charging Payments Company

FLEETCOR® UK today announced it has made a follow on investment into Mina®, a cloud-based digital software platform that simplifies home charging and payments management for commercial fleets with electric vehicles (EVs). This investment further bolsters the commercial partnership between the two companies and provides Mina with the capital to scale its product offering more quickly. It also improves access to home charging for existing FLEETCOR customers and fleets across the UK.

The Mina platform integrates with home and work charging points throughout the United Kingdom to accurately capture energy costs. Mina is the UK’s only EV charging solution which credits payment for the drivers’ energy used while charging at home for business purposes to their energy provider, eliminating cumbersome expense reimbursement processes. This makes paying for EV re-charging accurate and easy for employers and employees. By removing the payment complexities traditionally associated with expense reclaim and EV charging, FLEETCOR UK are actively providing the Mina solution under the Allstar HomeCharge brand to commercial fleet customers transitioning to EV.

“Since our initial investment in Mina, FLEETCOR has worked closely with Mina and existing customers to build out and trial an all-encompassing On-road and home EV charging and payment solution. This has helped businesses to simplify complex payment and logistics problems. We are seeing an increasing number of fleets beginning their transition to Mixed EV / fossil vehicles, and our innovative integrated product offering with Mina leverages our respective strengths and is proving to be a compelling proposition for our customers”, said Alan King, FLEETCOR Group President, Europe & Australasia.

“We’re very excited to receive further investment from FLEETCOR. We have been working closely over the last year to build an industry leading payment solution to enable businesses to pay for charging their EVs at home, work and on the road. Businesses are under increasing pressure to decarbonise their fleets and our award-winning technology offers businesses the simplest solution to solve the very complex challenge of paying to charge EVs. It’s clear the demand for Mina’s products is here today and growing. This investment enables us to meet that demand and scale at a significant pace.” said Ashley Tate, Mina co-founder and CEO.

FLEETCOR UK, which has Allstar Business Solutions®, Keyfuels®, The Fuelcard Company®, epyx® and r2c® among its UK brands, provides a comprehensive and market leading suite of fuel payment, expense management and fleet management solutions. These support business of all sizes, from sole traders to the UK’s largest leasing companies, regardless of whether they operate fossil fuel, electric or hybrid fleets, cars, vans or heavy goods vehicles.

On the road: Allstar launched the Allstar One Electric fuel card that enables fleet operators to manage all fuel types, whether traditional (petrol and diesel) or alternative, such as electric, hydrogen or hybrid, on one payment card. As part of this, Allstar has already partnered with ten leading EV charging providers, providing fleet operators and drivers with access to more than 5,300 charging points and more than 1,600 rapid charge point locations across the UK. And Allstar is not stopping there, as it is continually working to grow its electric charging network, easing access to charging points and lowering range anxiety.

Home & Work: Adding Mina Homcharge™to Allstar’s Home & Work Charging product gives customers the ability to pay for their employees’ home charging costs directly, accurately and automatically to their utilities. This combined with Allstar’s market leading on the road capabilities gives Fleet Managers access to a holistic EV solution to effectively manage their transition to EV. As Allstar continues to build out turnkey products for EV charging at Home and Work, Mina’s solution is playing a pivotal role in simplifying charging management and payment for fleets. Allstar continues to invest to offer the best of Fuel cards and market leading EV solutions for Fleets.

This was posted in Bdaily's Members' News section by Lilidh .