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Fleetcor acquires Mina
Date: Thursday, February 2, 2023 | Author: Sean Keywood
Business payment company Fleetcor has announced the acquisition of EV charging software platform Mina.
Fleetcor, parent company of fuel card provider Allstar, said the deal came following a successful investment and two-year partnership.
It includes the Mina Homecharge tool, also branded as Allstar Homecharge, which allows accurate fleet reimbursement for at-home EV charging by drivers.
The deal further expands Fleetcor’s EV portfolio following its acquisition of Plugsurfing, and investment in Zap-Map.
Fleetcor group president for global fleet Alan King said: “Our goal is to provide companies of all sizes with a better way to pay.
“In the fleet space specifically, this acquisition means that our customers can now benefit from a full suite of comprehensive payment and reporting solutions for on the road and at home charging regardless of whether they operate ICE, EV, or mixed fleets.”
Fleetcor global president of EV solutions Tom Rowlands said: “After working closely together with Mina for two years and seeing first-hand how the solution makes home charging simple, fair and secure for both employees and companies that operate some of the largest fleets in the UK, I am excited to officially welcome the Mina team to Fleetcor.
“Unifying Mina with Fleetcor enables us to roll out this market leading home charging solution more easily and quickly, not just in the UK, but also take it to other geographies.”
Mina CEO and co-founder Ashley Tate said: “In less than three years we’ve seen Mina grow from an idea, to enabling some of the largest fleets in the UK to transition to EV.
“None of this would have been possible without the support from Fleetcor, who have believed and invested in Mina since we first came under their radar back in 2021. I’m extremely excited to continue this journey with the Fleetcor team.”
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