Energy giant bp has made an announcement regarding their investment of £4 million (USD$5 million) in a startup called Dynamon, which specializes in solutions for fleet decarbonization. As part of this collaboration, bp will be working closely with Dynamon to optimize electric vehicle (EV) fleets and create an enhanced offering for their customers.
Dynamon, established in 2015 and headquartered in Southampton, focuses on providing fleet management solutions to various entities such as fleets, original equipment manufacturers (OEMs), charging infrastructure providers, vehicle leasing operators, and telematics companies. Their primary goal is to accelerate the adoption of electric vehicles, lower operational expenses, and enhance fleet efficiency.
At the core of Dynamon’s services is their flagship software solution, known as ZERO, which utilizes sophisticated predictive analytics. This empowers fleet managers with valuable insights to aid in the planning of the EV transition, selecting the most suitable electric vehicles, designing and implementing efficient grid and charging infrastructure, conducting cost analyses, determining optimal electricity pricing plans, and evaluating public charging infrastructure options.
Gareth Burns, Vice President of bp ventures, said:
“Faster adoption of lower carbon energy and mobility solutions will help drive bp towards meeting its ambition to become a net zero company by 2050 or sooner and helping the world get to net zero. We’re very excited to be investing in Dynamon, an EV fleet software business deploying software as a service and data science to help the commercial transport industry transition to lower carbon energy fleets.”
According to bp, the funding, part of Dynamo’s Series A round, will be used to expand and commercialize Dynamon’s platform and operations in Europe and into North America.
Angus Webb, CEO of Dynamon, said:
“Alongside the investment, Dynamon and bp have signed a commercial agreement to utilise ZERO, or similar tools. Working together will help bp pulse to diversify its fleet proposition and further develop its premium customer offer, providing customers with support as they increasingly look to adopt EV solutions.”
Stefan von Dobschüetz, General Manager for bp pulse Europe, added:
“Dynamon’s simulation and data analytics tools offer those companies unique fleet-specific insights to help identify the optimum EVs and charging infrastructure to replace existing combustion engine vehicles. This agreement between bp and Dynamon makes the tools available to our bp pulse customers and provides a range of options and solutions to effectively manage and enhance their EV fleet.”