Business payment processor Fleetcor has acquired Plugsurfing, a software provider for electric vehicles and charge point networks, for an undisclosed amount.
Plugsurfing’s proprietary EV charging network in Europe has more than 300,000 charge points, which comprises of almost 80% of all charge points in Europe. In addition to tariff information and payment for EV charging, it also enables charge point operators to manage their hardware efficiently.
“The acquisition demonstrates Fleetcor’s commitment to developing world-class EV solutions for our thousands of commercial fleet customers, including access to European EV roaming capabilities and software applications for drivers and fleet managers,” said Tom Rowlands, global managing director of EV at Fleetcor. “We’re excited to have Plugsurfing join the Fleetcor family.”
Under Fleetcor, Plugsurfing intends to drive its growth, make further investments in its products and services, expand existing partnerships and customer relationships, and expand into new segments.
Tatu Kulla, CEO of Plugsurfing said: “We’re thrilled to bring a boost to the electric future in Europe through our acquisition by Fleetcor.
“With their distribution and resources, we can scale our Plugsurfing platform to better serve existing and future customers on the EV journey that will continue to evolve over time. We’re excited about the prospects for continuing to help usher in an EV future.”
Since its founding in 2012, Plugsurfing has processed about 20 million charging sessions and has been at the forefront of consolidating and simplifying the European EV ecosystem.