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The VEV vision: enabling fleets to accelerate the electric transition
The electric vehicle revolution is coming fast – and commercial fleets must adapt quickly to thrive in the new era. Recognising this inevitability, global energy leader Vitol founded VEV in 2023 with an urgent mission – to help complex fleets electrify at pace.
“We saw an opportunity to accelerate the transition for operators who needed expert guidance,” explains VEV CEO Mike Nakrani. “Our integrated solutions empower fleets to transition from ICE to EVs profitably and efficiently.”
VEV developed an end-to-end model, starting with data-driven consultancy to analyse readiness. It then creates a phased, optimised rollout strategy, focusing on each customer’s operations and carbon reduction goals.
“We don’t take a one-size-fits-all approach,” says Nakrani. “Our customised roadmaps allow fleets to electrify faster, maximising TCO (total cost of ownership) benefits, while also ensuring resilience and uptime.”
The transition roadmap
VEV’s transition roadmap begins with a deep dive into the fleet’s vehicles, routes, driving patterns and operational requirements using telematics and proprietary analytics.
“Our algorithm assesses the electrification readiness of each vehicle,” explains Nakrani. “We determine which can be transitioned now with current EV tech, versus those that require alternative strategies such as faster charging, larger batteries or route optimisation.”
This analysis provides an honest picture of what’s achievable. “We won’t overpromise today’s EV capabilities,” promises Nakrani. “Our aim is designing the optimal transition plan for the fleet’s needs.”
VEV specifies the ideal EV models for each vehicle and designs the charging infrastructure required. Its control platform, VEV-IQ, monitors vehicles, chargers and energy to help managers optimise TCO.
“Our algorithm assesses the electrification readiness of each vehicle”
Financial incentives
Of course, cost is also a key consideration. Beyond environmental benefits, VEV highlights compelling financial incentives to electrify.
“We recently helped a client identify over £150,000 in potential savings through right-sizing battery capacity based on actual vehicle range needs,” says Nakrani.
The company’s solutions also address rising energy costs, including integrating on-site solar to offset EV charging needs. Smart battery storage optimises self-consumption and reduces grid dependence.
“Controlling energy costs is a major priority,” emphasises Nakrani. “We help fleets manage their power utilisation and spending effectively over the long term.”
Expert collaboration
VEV’s expertise is backed by the proven success of sister company VG Mobility in Colombia. VGM won a competitive tender to electrify public transit in Bogota, the world’s largest electric bus market outside China. It designed and implemented a project to transition over 400 diesel buses to electric, including deployment of 21 superchargers.
VEV is now leveraging insights gained from VGM’s pioneering bus electrification project to accelerate commercial fleet transitions in Europe. The companies share knowledge and capabilities under the Vitol Group umbrella.
The road to electrification has challenges but, with the right guide, fleets can navigate the journey successfully. “Our customised solutions will accelerate the electric future,” says Nakrani.
The path to progress
The road to electrification holds challenges, but with the right guidance, fleets can navigate the journey smoothly. As an industry leader forged with the mission to accelerate EV adoption, VEV is the ideal guide.
“We’re committed to advancing sustainability through science-based solutions,” explains Nakrani. “Our technology paves the way to a more prosperous, energy efficient future for fleets.”
With momentum building around e-mobility, the time is now for operators to embrace electrification. VEV’s customised approach makes transitioning strategically, profitably and rewardingly within reach.
“Collaborating with fleets to transform their operations is incredibly fulfilling,” remarks Nakrani. “We’re here to enable their success and progress on the electric journey.”
The environmental and economic incentives of fleet electrification are simply too great to ignore. As Nakrani states: “The electric future beckons. Together with our clients, VEV will get there faster.”
For fleet managers seeking the clearest route forward, VEV is the guiding light. Its expertise illuminates the path to a brighter, more sustainable tomorrow.
“We’re committed to advancing sustainability through science-based solutions”