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

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