Portfolio News | 10 June 2021

DKV acquires SET Ventures portfolio company GreenFlux

RATINGEN, GERMANY – June 10th, 2021 – European mobility service provider DKV acquires GreenFlux, the leading European software platform provider for electric vehicle (EV) charging. This represents a further step in DKV’s efforts to support fleet drivers and their organisations as they switch to lower-carbon transport and provides strong synergies with DKV’s existing mobility support applications. This acquisition marks DKV’s further expansion into the fast-growing e-mobility charging market and will provide critical competencies, helping DKV to further scale their overall EV charging offer across Europe.

“I am very proud that we have expanded our EV capabilities to this extent and thus provide more services to our customers’ e-fleets throughout Europe”, says Marco van Kalleveen, CEO at DKV Mobility. “This dynamic growth shows that electromobility is developing at a rapid pace throughout Europe. In this context, we want to drive the transition towards a more sustainable future of mobility”.

Explaining why DKV is the ideal company to support GreenFlux’s growth strategy, Floris van den Broek, CEO of GreenFlux, says, “Over the past ten years, GreenFlux developed its software platform for EV charging, expanded its reach into 28 countries, and in 2021 was awarded a Financial Times FT-1000 position for fast growth. We look forward to taking the next step by being part of the DKV Mobility Group”. GreenFlux’s offering includes a complete range of solutions for charge point and mobility service operators, enabling core, hardware-independent EV smart charging capabilities such as charge point and charge card management, roaming, payments and charge duration transaction processing.

A leader in the international electric vehicle market since 2011, GreenFlux offers a complete solution for managing electric vehicle charging infrastructure. GreenFlux supports energy companies, network operators, automotive industry parties, fleet owners, and payment providers to remotely manage charge stations, process transactions, and intelligently manage the charging process. GreenFlux is active in twenty-one countries across five continents and has powered over 1 billion electric kilometres through its platform.

DKV Euro Service has been one of the leading mobility service providers for the logistics and transport industry for over 85 years. From cashless en route supply at over 230,000 cross-brand acceptance points to toll collection and VAT refunds, DKV offers a comprehensive range of services for optimizing and managing vehicle fleets throughout Europe. DKV Euro Service is part of DKV Mobility with over 1,200 employees. In 2020, the Group achieved a transaction volume of EUR 9.3 billion and was active in 45 countries. Currently, more than 5.1 million DKV CARDs and on-board units are in use with over 250,000 contractual partners. In 2020, DKV CARD was named the best brand in the fuel and service card category for the 16th time in a row.

Since 2007, Amsterdam-based SET Ventures has invested in European technology companies that impact the future of the energy system. SET Ventures focuses broadly on innovative energy generation, energy distribution and storage and energy efficiency. SET Fund III provides early growth-stage capital to ventures that shape the energy system transition through smart software and services-based business models.

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