Investment group

– Macquarie Asset Management’s green investment group launches Fleete, an electric vehicle infrastructure business

September 08, 2022

Macquarie Asset Management’s Green Investment Group (GIG) has launched a new electric vehicle infrastructure business for electric utility vehicle operators. The new venture, Fleete, uses a charging-as-a-service model to help bus, truck and van operators accelerate their transition to electric vehicles.

Dan Bentham, CEO of Fleete

Fleete is a one-stop-shop, taking care of all charging infrastructure installation, management and financing, with no upfront costs. The company offers a flexible, technology-driven service that puts the customer at the center, using the latest charging infrastructure that can scale as their fleet of electric vehicles grows.

Mark Dooley, Global Head of Green Investment Group, said: “The massive shift to electric vehicles is now inevitable, the only question is how fast it will happen. GIG is here to make this transition happen as quickly as possible and we see commercial fleets as an opportunity to have a significant decarbonization impact in the near term.

“By creating Fleete, we aim to accelerate the transition to electric vehicles by enabling operators to immediately reap the benefits of going electric, while supporting the delivery of a smart, flexible and low-carbon energy system. .”

Dan Bentham, CEO of Fleete, said: “The deployment of electric fleet charging infrastructure is currently in its infancy, but demand is expected to grow exponentially. Fleete was created to support this large-scale transition to electric utility vehicles.

“Through a monthly subscription with no upfront cost, we put customers at ease as they transition to electric vehicles.
“All that [is] wrapped up in our global digital platform. This can only be done in a smart and connected way with a single point of service for our customers. It’s Fleete.

Fleete’s innovative subscription-based service installs high-power DC charging equipment, providing between 60kW and 600kW depending on each fleet’s needs, enabling efficient overnight charging and fast top-ups. This technology is provided by the market leaders in ultra-fast charging systems, potentially offering 100 km of range in 10 minutes.

The company will provide charging infrastructure solutions for three types of locations:

• Work with customers to deploy charging at large scale depots where vehicles are parked overnight

• For smaller customers, Fleete will build innovative hybrid hubs, working with a key customer to develop a charging infrastructure hub in cities, in locations such as shopping areas or car parks, which can be used by multiple fleets, with vehicles of all sizes, such as taxis and light commercial vehicles

• Intercity charging stations: support for truck and coach fleets by building fast charging stations near highways

As part of its service, Fleete will advise you on the layout, design, construction and operation of all types of sites, as well as on the choice of electric vehicles.

To minimize energy costs, Fleete customers will have access to the company’s proprietary software, which manages charging schedules – smart charging to take advantage of lower cost overnight rates for example – optimizing energy consumption and business spending while further reducing costs and carbon. It will also have significant benefits for power grids, helping them manage charging demand.

While accounting for less than 2% of vehicles on the road in Europe, buses and trucks accounted for 23% of road transport CO2 emissions in 2019, with vans accounting for 13% of road transport carbon pollution in the EU. EU.

Significant investments in charging infrastructure are needed to decarbonize the sector. EY predicts the continent will need 65 million electric vehicle chargers by 2035, requiring $134 billion in infrastructure investment. More than 3 million of these chargers will be in fleet centers.