FLEETCOR® Invests in UK Electric Vehicle Re-Charging Software Company
London, UK – 6 April, 2021 – FLEETCOR® UK today announced it has made a minority investment in Mina, a cloud-based digital software platform that simplifies charging and payments management for commercial fleets with electric vehicles (EVs).
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 can provide the Mina solution to commercial fleet customers transitioning to EV.
“FLEETCOR is in the business of solving and simplifying complex payment and logistics problems for customers of all sizes, industries and locations with innovative products and services. The move to EVs is just the latest business challenge facing commercial fleets,” said Alan King, FLEETCOR Group President, Europe & Australasia. “With EV adoption accelerating across the UK and Europe, Mina’s solution provides an effective and efficient means of tracking charging, simplifying payments and streamlining reimbursement, initially for our UK customers for EV charging needs, regardless of location.”
“By 2025, 75 percent of all EVs will be owned by businesses. For drivers, their homes will be an important location to charge vehicles. Most fleet operators want to support home charging, but are challenged in how best to handle driver reimbursement,” said Ashley Tate, Mina co-founder and CEO. “Our award-winning technology offers businesses the simplest solution.”
FLEETCOR UK, which has Allstar Business Solutions®, Keyfuels®, The Fuelcard Company®, epyx® and r2c® among its UK brands, has already begun answering the needs and supporting UK businesses to transition to full electric or hybrid company 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 partnered with eight leading EV charging providers, including Chargepoint services, ESB Energy, Engenie, and Source London, to create the one of the largest multi-branded EV fuel networks in the UK. It now provides fleet operators and drivers with access to more than 3,700 charging points across 1,500 locations throughout 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’s home reimbursement solution to Allstar’s Home & Work Charging solution gives customers the ability to reimburse for their employees’ home charging directly, accurately and automatically to their utilities. This combined with Allstar’s 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 holistic EV charging for Home and Work, Mina’s solution will play a pivotal role in simplifying charging management and payment for fleets. Allstar can now offer the best of Fuel cards and market leading EV solutions for Fleets.
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.
Mina is an award winning Electric Vehicle (EV) charging payment startup with a mission to make EV charging radically simple. Mina has the UK’s only charging solution which allows fleet vehicles to be charged at home, crediting payment for the drivers’ energy used directly to their energy supplier. This makes paying for EV charging accurate and easy for employers and employees. For more information, please visit www.mina.co.uk
Jim Eglseder, 770-417-4697
Chad Corley, 770-729-5021
Scott Girling-Heathcote, +44 (0)7718 190451