News | Sustainable Solutions | Apr 19th 2023

Vitol launches UK based e-fleet company VEV

Electric charging unit

Vitol today announces the launch of VEV, a UK based e-fleet company. VEV offers organisations comprehensive and strategic e-fleet solutions, designed to cater for their current and future fleet needs. The solution encompasses the planning and delivery of the electrification of the fleet, as well as ongoing fleet management services.

VEV facilitates the roll out of a cost-effective fleet transition, including the building of charging infrastructure, supply of electric vehicles, software and data platforms, flexible charging solutions, energy and storage and flexible payment options.

Mike Nakrani, CEO of VEV, said: “Responsible companies are looking to electrify their fleets, and reduce emissions. The process can be complex and costly and we aim to address that.

“Every fleet is unique, which is why a bespoke offering that considers business needs and understands each company’s transition is essential. Our customers can leverage our expertise and benefit from going electric sooner.”

Chris Bake, member of the executive committee, Vitol said: “Vitol is investing in the energy transition. To date we have committed over $2 billion to sustainable projects and we are continuously looking to deploy our capital and expertise to transitioning the transport sector. VEV is a key pillar to decarbonising commercial fleets in the UK.”

VG Mobility, also owned by Vitol, operates 400 electric buses and has installed more than 200 150kw chargers for its partners.

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