Flexible Power Systems raises £2.7 million to bring electric fleet management platform to market – Charged EVs

baua

Flexible Power Systems raises £2.7 million to bring electric fleet management platform to market – Charged EVs


UK-based electric fleet software developer FPS has received a combination of equity investment and a £1.49-million loan from national innovation agency InnovateUK to advance the commercialization of its FPS Operate EV and charger management platform for commercial vehicle fleets and expand its use range. 

FPS Operate was originally developed for the van and transport refrigeration fleets of UK retail company John Lewis and UK supermarket chain Waitrose. It is slated for commercial truck deployment by summer 2024. The platform integrates and operationalizes charge points, vehicles, building energy management and logistics software systems. The data is used for automated vehicle-task matching, smart charging, uptime reporting and management, and increasing EV ROI.

“Many fleets are only now getting to grips with significant challenges like power availability, variable range and increased scheduling complexity that can come with an EV transition. We began investing in FPS Operate to provide fleet operators with the solution to address them,” said Allan Gray, Chief Financial Officer at FPS.

Source: FPS



Honda City Sport vs Volkswagen Virtus GT Line: Which stylish sedan offers better value

The Honda City Sport Edition starts at ₹14.89 lakh, while the Volkswagen Virtus GT Line…

New-gen Mahindra Bolero Neo spotted ahead of launch

The new Mahindra SUV features a distinctive grille and resembles the Land Rover Defender. It…

Volvo XC60 becomes brand’s bestselling car of all time, 2.7 million units sold

Volvo has sold over 2.7 million units of the XC60 in its lifetime, surpassing the…