Element Fleet Management collaborates with industry leaders ChargePoint and WEX to provide access to nationwide EV charging and simplified billing
This solution will simplify the experience of managing mixed fleets as clients gradually transition from ICE to EV
TORONTO, October 13, 2021 – Element Fleet Management Corp. (TSX: EFN) (“Element”), the largest pure-play automotive fleet manager in the world, today announced its relationship with industry leaders ChargePoint and WEX to provide Element clients with access to ChargePoint’s growing nationwide charging network. This strategic relationship provides a consolidated billing system for charging and fueling across client fleets, integrated with Element’s advanced analytics and dashboard reporting platform.
“This relationship demonstrates Element’s ongoing leadership in fleet electrification. We know fleet managers will be challenged with a mix of internal combustion (IC) and electric vehicles (EV’s) as they gradually electrify their fleets, and this agreement will help minimize the administrative burden for fleet and charging expenses, while providing the same in-depth reporting, expertise and analytics our clients enjoy today,” said Chris Gittens, Executive Vice President of Strategic Relationships for Element. “Today’s announcement is another step in building a comprehensive offering to address all our clients’ charging needs inclusive of home, public and depot charging to drive even greater fleet efficiencies.”
“ChargePoint is making the transition to electrification seamless for fleets with take home and on-route charging solutions. We make the charging experience simple and easy for the driver and our robust software including advanced analytics and reporting gives fleet managers the tools and visibility they need,” said Rich Mohr, VP of Fleet Solutions at ChargePoint. “Our partnership with Element and WEX is a major step in helping fleets prepare for the electric future.”
WEX’s technology will help to enable seamless direct integration of fuel and charging data into Element’s billing system allowing for consolidated reporting, visibility and financial controls for fleet managers. Bernie Kavanagh, Senior Vice President and General Manager of Large Fleet at WEX said, “As a global leader in the commercial fleet industry, we understand the challenges fleets face in trying to manage these ‘mixed fleets’ and we are proud to be working alongside Element and ChargePoint to deliver end-to-end solutions that help fleets with the adoption of electric vehicles.”
About Element Fleet Management
Element Fleet Management (TSX: EFN) is the largest pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients – corporates, governments and not-for-profits – across North America, Australia and New Zealand. Element enjoys proven resilient cash flow, a significant proportion of which is returned to shareholders in the form of dividends and share buybacks; a scalable operating platform that magnifies revenue growth into earnings growth; and an evolving capital-lighter business model that enhances return on equity. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition and maintenance to accident recovery and remarketing. Clients benefit from Element’s expertise as the largest fleet solutions provider in its markets, offering unmatched economies of scale and insight used to reduce fleet operating costs and improve productivity and performance. For more information, visit www.elementfleet.com.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 98 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. www.chargepoint.com
About WEX
WEX (NYSE: WEX) is a leading financial technology service provider. We provide payment solutions to businesses of all sizes across a wide spectrum of sectors, including fleet, corporate payments, travel and health. WEX has offices in 14 countries and employs approximately 5,200 people around the world. Learn more at LinkedIn, Facebook, Instagram, Twitter, and our corporate blog. For more information, visit www.wexinc.com.
Contact:
Element Fleet Management
Samantha Ouimet
Vice President, Communications
416-417-1272
souimet@elementcorp.com
Forward-Looking Statements
This press release includes forward-looking statements regarding Element and its business. Such statements are based on the current expectations and views of future events of Element’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements, including, among others, statements regarding Element’s improvements to run-rate profitability; enhancements to clients’ service experience and service levels; enhancement of financial performance; improvements to client retention trends; reduction of operating expenses; increases in efficiency; Element's dividend policy and the payment of future dividends; transformation of its core business; creation of value for all st
