Fleetcor buys EV charging software firm

Global business payment firm Fleetcor has acquired cloud-based digital EV charging software platform, Mina.

The move follows a two-year partnership and will provide domestic charging software for commercial fleets in the UK.

The deal gives parent firm Allstar the ability to offer a charging solution that captures, calculates and pays for business-use charging at home, directly to the energy provider, Mina Homecharge.

Branded as Allstar Homecharge, the solution aims to allow commercial fleet operators to replace complex reimbursement processes for domestic charging and provides a controlled and streamlined alternative.

The purchase follows the firm’s recent acquisition of Plugsurfing and Zap-Map, which both complement the company’s on-the road fuel and EV network.

Better way

Alan King, Group President, Global Fleet at Fleetcor, said: “Our goal is to provide companies of all sizes with a better way to pay. In the fleet space specifically, this acquisition means that our customers can now benefit from a full suite of comprehensive payment and reporting solutions for on-the-road and home charging regardless of whether they operate ICE, EV, or mixed fleets.”

Tom Rowlands, Global MD of EV solutions at Fleetcor, said: “Unifying Mina with Fleetcor enables us to roll out this market-leading home charging solution more easily and quickly, not just in the UK, but also take it to other geographies.”

Ashley Tate, CEO and Co-Founder of Mina, added: “In less than three years we’ve seen Mina grow from an idea to enabling some of the largest fleets in the UK to transition to EVs. None of this would have been possible without the support from Fleetcor, who have believed and invested in Mina since we first came under their radar back in 2021. I’m extremely excited to continue this journey with the Fleetcor team.”

Image courtesy of Mina

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