FLEETCOR Technologies, Inc., a leading global business payments company, has announced the acquisition of Plugsurfing, a leading European electric vehicle (EV) software and network provider, and invests in Zap-Map in the UK.
Ron Clarke, FLEETCOR CEO, said: “We’re building a broad set of EV assets to not only support our fleet clients’ needs for public and at-home charging but also to enter completely new electric vehicle customer segments with original equipment manufacturers (OEMs) and charge point operators (CPOs).”
Plugsurfing, which was founded in 2012, has developed a proprietary electric vehicle charging network in Europe. It has over 300,000 charge points, or nearly 80 percent of all charge points in Europe, along with a mobile app that provides access to charge point locations and easy payment. Plugsurfing serves EV manufacturers, CPOs and fleets with its software and network solutions.
FLEETCOR has also invested in Zap-Map, the UK’s leading EV search and pay mapping service. Zap-Map provides electric car drivers in the UK with software to locate, plan, and pay for EV charging. Zap-Map has 350,000 registered users and over 95 percent of the UK’s public charge points on its network.
FLEETCOR invested £5.3 million in Zap-Map, which also completed a £9 million Series A fundraising back in August. Good Energy also invested a further £3.7 million valuing the company at £26.3 million.
Alan King, FLEETCOR global fleet group president, said: “We’ve integrated Zap-Map’s software and EV network into our UK commercial fleet solution to seamlessly serve our clients as they transition to mixed fleets.”