Everlectric
Everlectric is a South African EV-as-a-Service provider founded in 2020 that bundles commercial electric vehicles, charging infrastructure, insurance, and fleet management software into a single monthly subscription for enterprise fleet operators across logistics, retail, pharma, and telecoms.
- Company typePrivate
- Founded2020
- HeadquartersPretoria, South Africa
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Everlectric does
Everlectric is a South African clean mobility company that delivers Electric Vehicles as a Service (EVaaS) to commercial fleet operators. Founded in 2020 by Ndia Magadagela, Paul Plummer, and Wesley van der Walt and headquartered in Pretoria with a Cape Town dealership opened in October 2025, the company bundles full-maintenance leasing of battery-electric commercial vehicles, depot and DC fast-charging infrastructure (60kW-240kW), insurance, telematics, and energy management into a single predictable monthly subscription. Its fleet spans multiple OEM brands including Maxus, BYD, JAC, Volvo, and Volvo Trucks, covering applications from compact EVs for field-service teams through light commercial vans up to 4-ton electric trucks, including a pharma-grade refrigerated panel van solution for cold chain logistics.
The company's underlying technology layer is the Everlectric Cloud, a fleet management platform that connects every vehicle and charger for live monitoring, remote charging control, smart scheduling, and automated reporting, with a Dynamic Charging Management system developed specifically to operate during South African load shedding conditions. Everlectric monetizes primarily through subscription and per-kilometre usage-based pricing across enterprise logistics, retail replenishment, pharmaceutical distribution, telecommunications, energy utilities, and waste management customers, with a reported TCO advantage of 15-27% versus diesel equivalents and over 11 million kilometres of commercial operation completed as of early 2026.
The company sells directly to enterprise fleet operators through field sales and a referral-driven motion, serving marquee clients including Woolworths, DSV, FedEx, DHL, UPD (Clicks Group), Vodacom, and Scatec, and operates more than 200 vehicles on South African roads. Strategic partnerships with King Price Insurance (commercial EV underwriting), Investec (fleet financing), and OEMs BYD, Maxus, JAC, and Volvo underpin the bundled offering. Everlectric remains privately held without disclosed institutional venture capital backing and has won multiple industry awards including the African Supply Chain Excellence Awards 2025 and the BMF Progressive Business Leader of the Year 2025.
Everlectric firmographics
Firmographics- Name
- Everlectric
- Legal name
- Everlectric
- Website
- https://everlectric.co.za
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Everlectric is a South African EV-as-a-Service provider founded in 2020 that bundles commercial electric vehicles, charging infrastructure, insurance, and fleet management software into a single monthly subscription for enterprise fleet operators across logistics, retail, pharma, and telecoms.
- Ownership category
- akta.pro rank
Everlectric industry classification
Industry- Product category
- Commercial EV Fleet Leasing
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric & Other Services Combined (4931)
- akta.pro primary industry
- EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF)
Keywords
Where Everlectric is headquartered
LocationHeadquarters
- HQ city
- Pretoria
- HQ country
- South Africa
- HQ region
- Africa
Offices2 records
Markets served
Everlectric business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- EV-as-a-Service (EVaaS) Subscription: All-inclusive monthly subscription covering vehicles, charging infrastructure, maintenance, insurance, electricity management, telematics, and energy reporting. Fleet operators pay a predictable monthly cost with no large upfront capital expenditure. Includes flexible vehicle access models and per-kilometre leasing options.
- Per-kilometre Leasing: Simple per-kilometre leasing with full support for commercial electric fleets, where costs are calculated based on vehicle usage rather than fixed monthly fees.
- Managed Services: Full-maintenance leasing, charging infrastructure installation and operations, and smart fleet management services bundled into the monthly offering. Includes hardware, installation, operations, and reporting for charging infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | All-inclusive EV-as-a-Service bundle |
| Subscription | Monthly | Compact EV category - competitive monthly operating cost |
| Unit Pricing | Pay-as-you-go | Per-kilometre leasing with full support |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Everlectric product offering
Product offeringCore offering
Everlectric provides Electric Vehicles as a Service (EVaaS), an all-inclusive monthly subscription bundling commercial battery-electric vehicles (vans and trucks), on-site and public charging infrastructure, full maintenance, insurance, telematics, and renewable energy management for commercial fleet operators. The offering is supported by the Everlectric Cloud platform, which provides real-time fleet visibility, smart charging scheduling, and route analysis, and includes specialized configurations such as pharma-grade solar-powered refrigerated panel vans.
Product overview
Everlectric delivers Electric Vehicles as a Service (EVaaS), a unified fleet electrification platform bundling full-maintenance leasing of battery-electric commercial vehicles, charging infrastructure, smart fleet management (Everlectric Cloud), insurance, and renewable energy into one predictable monthly subscription. The product portfolio spans multiple vehicle brands including Maxus (eDeliver vans, eTerron 9, eDeliver 75 truck), BYD (Atto 3, Dolphin, Dolphin Surf), JAC (1.9-ton and 4-ton trucks), Volvo (EX30), and Volvo Trucks, alongside DC charging solutions (60kW-240kW). The Everlectric Cloud platform provides telematics, remote charging control, live monitoring, and smart scheduling as the technology layer unifying the ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Vehicles as a Service (EVaaS) Full-maintenance leasing of battery-electric commercial vans and larger vehicles bundled with charging infrastructure, insurance, and fleet management into one predictable monthly cost. Targeted at commercial fleet operators seeking to electrify without upfront capex.
- Everlectric Cloud Smart fleet-management platform connecting every vehicle and charger for live monitoring, smart scheduling, real-time insights, automated reporting, and remote charging control. Provided to commercial fleet customers as the technology layer of the EVaaS subscription.
- Charging Infrastructure On-site AC chargers for overnight depot charging plus access to Everlectric and third-party public DC charging networks. Everlectric handles hardware, installation, operations, and billing as part of the EVaaS bundle.
- DC Chargers DC fast chargers available in 60kW, 120kW, 180kW, and 240kW configurations for public and depot charging deployment as part of Everlectric's charging infrastructure offering.
- Maxus eDeliver Vans (eDeliver 3, eDeliver 5, eDeliver 9) and eTerron 9 Maxus fleet-ready electric vans including eDeliver 3 Panel Van, eDeliver 3 Chassis Cab, eDeliver 5 Panel Van, eDeliver 9 Panel Van, and eTerron 9, offered through Everlectric's EVaaS subscription for commercial fleet use.
- Maxus eDeliver 75 (4-ton truck) 4-ton electric truck for urban distribution and heavier payload requirements, offered through Everlectric's EVaaS subscription.
- BYD (Atto 3, Dolphin, Dolphin Surf) BYD electric vehicles including Atto 3, Dolphin, and Dolphin Surf five-door sedans offered through Everlectric's EVaaS subscription for commercial fleet use.
- JAC Electric Trucks (1.9-ton and 4-ton) JAC electric trucks including 1.9-ton and 4-ton configurations offered through Everlectric's EVaaS subscription for commercial fleet operations.
- Volvo EX30 Volvo EX30 five-door sedan offered through Everlectric's EVaaS subscription for commercial fleet use.
- Volvo Trucks Electric truck options from Volvo Trucks offered through Everlectric's EVaaS subscription for heavy commercial fleet applications.
Quantifiable outcome
- 15% lower total cost of ownership compared to equivalent petrol or diesel vehicles
- +5 more outcomes
Companies that use Everlectric
Customer profileNamed customers16 records
Segments5 records
Ideal customer profiles3 records
Everlectric technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Everlectric partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- BYDcoreBYD Chairman Wang personally handed over the first 10 of many BYD electric vehicles to Everlectric co-founders. BYD is a global leader in electric mobility and is increasing activity in South Africa with new models like Dolphin Surf and Shark PHEV. Everlectric offers BYD vehicles including Atto 3, Dolphin, and Dolphin Surf through their fleet solutions.
- King Price InsurancecoreKing Price Insurance partnered with Everlectric as the first insurer in South Africa to cover a commercial fleet of EVs. This collaboration blends innovation with practicality to help make electric fleets mainstream. Insuring electric fleets required building a model around collaboration and data-sharing. King Price built a specialized model to cover EV fleets with reduced barriers to adoption.
- WoolworthscoreWoolworths partnered with DSV and Everlectric to launch a large-scale all-electric delivery fleet. The partnership has achieved over 5.3 million kilometres and 1,232 tonnes of carbon saved.
- DSVcoreDSV uses Everlectric EVs across Air & Sea and Road divisions. Partnership includes Nightwing operations with over 140,000 km (DSV Air & Sea) and 300,000 km (DSV Road Collect & Deliver).
- UPD (Clicks Group)coreUPD and Clicks Group, in partnership with Everlectric and Investec, launched South Africa's first zero-emission pharma-grade electric panel van fleet equipped with solar-powered refrigeration, transforming pharmaceutical logistics in Gauteng and Western Cape.
- FedExcoreFedEx operates electric delivery fleet through Everlectric with 1 million kilometres completed and 328 tonnes of carbon saved.
- VodacomminorVodacom uses Everlectric electric fleet for field operations with 11,000 kilometres completed and 3 tonnes of carbon saved.
- DHLcoreDHL operates Everlectric electric fleet for logistics with 1.4 million kilometres completed and 32 tonnes of carbon saved.
- MaxuscoreMaxus is a vehicle brand offered through Everlectric's fleet solutions, including eDeliver 3, eDeliver 5, eDeliver 9, eTerron 9, and eDeliver 75 4-ton truck.
- JACcoreJAC is a vehicle brand offered through Everlectric's fleet solutions, including 1.9 Ton Truck and 4 Ton Truck.
- VolvocoreVolvo is a vehicle brand offered through Everlectric's fleet solutions, including EX30 5 Door Sedan.
- Volvo TruckscoreVolvo Trucks is a vehicle brand offered through Everlectric's fleet solutions for heavier commercial transport.
Scale indicators9 records
Recent moves7 records
Expansion highlights7 records
Everlectric competitors and assessment
Company assessmentDirect peers
- Zenobē: UK-based company operating one of the largest commercial EV fleet and battery storage services in Europe. Directly comparable as an EV-as-a-Service provider bundling vehicles, charging infrastructure, and energy management for commercial fleets under long-term contracts.
- Octopus Electric Vehicles: UK-based EV leasing and fleet electrification business offering all-inclusive monthly subscriptions for commercial and consumer customers. Comparable business model — bundling vehicles, charging, maintenance, and energy into a single subscription — and a directly relevant benchmark for the EVaaS category.
- BasiGo: Kenya-based electric mobility company providing pay-as-you-drive electric buses and charging infrastructure for commercial transit operators in East Africa. Highly comparable as an African EVaaS operator targeting commercial fleets under subscription-based economics.
- Spiro: Pan-African electric motorcycle and battery-swap operator active across Kenya, Uganda, Rwanda, and Nigeria. Comparable as an African mobility-as-a-service player applying a subscription/usage-based model to electrify commercial transport fleets.
- Volta Trucks: European electric commercial vehicle manufacturer (and services provider) focused on urban last-mile delivery trucks. Comparable as a player serving the same commercial fleet electrification use case, though Volta Trucks is primarily an OEM with services vs. Everlectric's asset-light fleet operating model.
- Lightning eMotors: US-based provider of electric fleet vehicles, charging solutions, and mobile services for commercial fleets including delivery vans, shuttle buses, and trucks. Comparable as a full-stack commercial EV fleet solutions provider serving logistics, last-mile delivery, and transit customers.
- Arrival: UK-based electric vehicle manufacturer producing commercial vans and buses for last-mile delivery fleets. Comparable as a player targeting the same commercial EV fleet opportunity, though now primarily an OEM rather than full EVaaS provider.
Emerging players
- GridCars: South Africa's largest EV charging network operator, focused on public charging infrastructure. Comparable as a domestic EV ecosystem enabler in Everlectric's home market, with partial overlap in charging operations but a different primary business model (network vs. fleet leasing).
Broad incumbents
- BrightDrop (General Motors): GM-owned electrified delivery and logistics platform offering electric vans, fleet management software, and integrated depot solutions to enterprise customers including Walmart and FedEx. Comparable as a large-scale competitor targeting the same commercial fleet electrification opportunity with bundled offerings.
Others
- Geotab: Global leader in commercial fleet telematics and connected vehicle analytics, serving over 4 million subscribers worldwide. Comparable as an ecosystem participant providing the telematics and fleet intelligence layer that underpins EV fleet operations — overlapping with Everlectric Cloud's role in the company's offering.
Market position
Strengths2 records
Weaknesses1 record
Competitive moat5 records
Key risks3 records
Key highlights7 records
Customer concentration
Everlectric social profiles
Digital presenceEverlectric financial estimates
Financial estimateRevenue estimate
Valuation estimate
Everlectric leadership team
Management profileNumber of profiles
Profiles6 records
Everlectric funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Everlectric M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Everlectric
What does Everlectric do?
Everlectric provides Electric Vehicles as a Service (EVaaS), an all-inclusive monthly subscription bundling commercial battery-electric vehicles (vans and trucks), on-site and public charging infrastructure, full maintenance, insurance, telematics, and renewable energy management for commercial fleet operators. The offering is supported by the Everlectric Cloud platform, which provides real-time fleet visibility, smart charging scheduling, and route analysis, and includes specialized configurations such as pharma-grade solar-powered refrigerated panel vans.
Is Everlectric a public or private company?
Everlectric is a private company. It is classified as venture growth investor backed and is currently operating.
When was Everlectric founded?
Everlectric was founded in 2020. It employs 1 to 10 people.
Where is Everlectric based?
Everlectric is headquartered in Pretoria, South Africa, in the Africa region.
How does Everlectric make money?
Three revenue lines are on record. EV-as-a-Service (EVaaS) Subscription is the primary driver. The others are per-kilometre Leasing and managed Services.
Who are Everlectric's main competitors?
Direct peers on record are Zenobē, Octopus Electric Vehicles, BasiGo, Spiro, Volta Trucks, Lightning eMotors and Arrival. GridCars is listed as an emerging player. BrightDrop (General Motors) is listed as a broad incumbent. Geotab is listed as an others.
Does Everlectric have an API?
No public API is recorded for Everlectric.
What industry is Everlectric in?
Everlectric's product category is Commercial EV Fleet Leasing. Its primary akta.pro industry code is TLAKAMAF, EV Charger Operations, Maintenance & Field Service (O&M). Its NAICS code is 2211 and its SIC code is 4931.