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19 Apr 2023

Vitol backed VEV launches its end-to-end fleet electrification solution

VEV Stand: F27
19th April 2023 London, UK: VEV, the e-fleet company backed by Vitol, today launches its end-to-end solution to the UK fleet and commercial vehicle sector.

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 
and includes 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 their business needs and understands their 
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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