Dynamon, a Southampton, UK-based fleet optimization software provider, raised GBP4m in funding.
bp made the investment via bp Ventures and has signed a commercial agreement for Dynamon to optimize lower emission solutions for fleets and develop a premium offer for customers.
The funding forms part of the company’s Series A round, being raised to fully commercialize and scale up its platform and expand its operations in Europe and into North America.
Led by Angus Webb, CEO, Dynamon enables transport and logistics companies to adopt low carbon energy solutions such as electric vehicle (EV) charging infrastructure as they look to electrify their fleets by accessing to insights around new vehicle technology, including EVs. The software and analysis tools are deployed in many countries, and help businesses understand actions they can take to help decarbonize their fleets cost-effectively, improving research and trial time. The company’s software ZERO also helps to address these issues by developing solutions that could save energy and capital investment costs, including calculating the best options for adoption through planning for vehicles, charging infrastructure, energy costs, and operations analysis.
The company, which originated from Southampton University, following its work with Team GB to maximise its performance at the Olympic Games in 2012, works with the global transport sector providing solutions for direct fleets, leasing companies, OEMs, telematics firms, utilities consultants and charging infrastructure providers.
FinSMEs
03/08/2023