Electric vehicle (EV) charge point operator (CPO), Believ, has acquired the assets of Switch EV, a business specialising in cloud-based charge point management, for an undisclosed sum.
The deal, says Believe, will give it flexibility in meeting the future EV infrastructure needs of fleets, local authorities, landowners and drivers.
Switch EV’s scalable platform has been designed to provide real-time charger data to support CPOs in increasing uptime and reducing operating expenses through proactive monitoring and predictive maintenance.
The software-as-a-service (SaaS) business’ expertise will also support the development of Believ’s EV driver app.
Believe explains that the acquisition enables it to roadmap future data management functionality, such as energy trading and vehicle to grid capabilities.
It also means Believ will be able to quickly respond to and build charge point management and usage functionality in response to future market needs.
Guy Bartlett, Believ CEO, said: “Convenience and seamless experience is how we are going to persuade more drivers to make the transition. More EV drivers on the road helps us deliver on our mission for cleaner air for all.
“We are excited for the opportunities ahead and the role we will play in supporting EV uptake.”
As part of the acquisition, Switch EV founder and CEO, Marc Mültin, and four key members of the engineering team have joined Believ, bringing their expertise to further strengthen innovation and future strategies.
Mültin said: “We bring decades of experience, and being co-authors and trainers of global charging communication standards helps to ensure the very best levels of data communication functionality.
“We want EV drivers to experience a smooth and efficient charging process.
“With improved communication between vehicles, charge points and our cloud-based platform, we will help Believ make it easier for users to interact with the network, paving the way for a more efficient and connected charging ecosystem.”
Believ is funded by Liberty Global Ventures and Zouk Capital, the manager of the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF).
It partners with sister company Virgin Media O2 in the deployment of charging infrastructure.
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Gareth has more than 20 years’ experience as a journalist having started his career in local newspapers in the 1990s. Prior to joining Fleet News in 2008, he worked in the public sector as a media advisor and is currently news editor at Fleet News.
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