VEV
VEV is a London-based, Vitol-owned fleet electrification company that provides end-to-end EV charging infrastructure, grid connections, energy supply, and the VEV IQ fleet and energy management platform to commercial fleet operators across the UK, France, and the Netherlands.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What VEV does
VEV Services Ltd. is a London-headquartered fleet electrification and EV charging management company founded in 2023 and wholly owned by the global energy group Vitol. It targets commercial fleet operators across bus and coach, logistics and transport, waste management, public sector, airports, and autonomous fleets in the United Kingdom, France and the Netherlands. The company positions itself as a single-partner provider spanning the full electrification lifecycle, from initial consulting and analytics through infrastructure design and build, grid connection, energy supply, financing, and in-life operational support.
The company's core proprietary technology is VEV IQ, an intelligent fleet and energy management platform that connects vehicles, chargers and energy assets (including solar PV and battery storage) into a single interface. VEV IQ provides real-time monitoring, smart charging optimization, load balancing, RFID-based user authentication, Stripe-integrated payments, and dashboards/reporting. Around the platform, VEV operates a NERS-accredited Independent Connection Provider capability for direct HV/LV grid connections, an infrastructure delivery team for depot build-outs, and managed-trial and consulting services.
VEV's business model blends project-based infrastructure revenue (one-time build contracts), recurring SaaS subscription on VEV IQ, recurring energy supply and optimization contracts, professional services for consulting and managed trials, and managed financing solutions. Pricing is not publicly disclosed and is tailored per fleet. The go-to-market is enterprise field sales with a consultative, multi-year contract approach, supplemented by thought-leadership content, case studies, events and strategic partnerships; distribution is concentrated on direct enterprise engagement in the UK and selected European markets.
VEV firmographics
Firmographics- Name
- VEV
- Legal name
- VEV Services Ltd.
- Website
- https://vev.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- VEV is a London-based, Vitol-owned fleet electrification company that provides end-to-end EV charging infrastructure, grid connections, energy supply, and the VEV IQ fleet and energy management platform to commercial fleet operators across the UK, France, and the Netherlands.
- Ownership category
- akta.pro rank
VEV industry classification
Industry- Product category
- Fleet Electrification Services
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Relay and Industrial Control Manufacturing (335314)
- SIC
- Services-Computer Integrated Systems Design (7373), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Cybersecurity, Identity & Device Management for EV Charging/V2G (EUAFAMAJ)
- akta.pro secondary industries
- Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), Utility & Grid Services Integration for EV Flexibility (DR/DERMS/SCADA Interfaces) (EUAFAMAF), EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF)
Keywords
Where VEV is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
VEV business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Infrastructure Design & Build: Design, build and commission charging infrastructure for electric fleets including depot chargers, grid connections, and site preparation. Revenue generated through project-based contracts for physical infrastructure deployment.
- VEV IQ Software Platform: Proprietary SaaS platform for fleet charging and energy management. Provides real-time monitoring, optimization, control and reporting across chargers, vehicles and sites. Accessed via web portal or mobile app with user management capabilities.
- Energy Supply & Management: Structures, secures and actively manages energy supply for fleet operations. Includes power procurement, optimization strategies, and integration with renewable energy sources.
- Consulting & Managed Trials: Expert consulting and analytics services for fleet electrification strategy, including managed trials to prove solutions work for customer operations before full deployment.
- Financing Solutions: Flexible finance options to accelerate fleet electrification ambitions, wrapped up with one partner.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom enterprise solutions - Quote-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
VEV product offering
Product offeringCore offering
VEV delivers end-to-end fleet electrification solutions for commercial electric vehicle fleets, combining the proprietary VEV IQ charger and energy management SaaS platform with a suite of professional services. VEV IQ connects vehicles, chargers, and energy systems into a single interface for real-time monitoring, smart charging, and data-driven optimisation, while services cover consulting/analytics, managed trials, infrastructure design and build, HV/LV grid connections (as a NERS-accredited ICP), energy supply and optimization, hypercare maintenance, and fleet financing.
Product overview
VEV is a fleet electrification and EV charging management company offering end-to-end solutions for commercial electric fleets. The company's portfolio consists of VEV IQ as the core proprietary software platform combined with a suite of professional services. VEV IQ serves as the central intelligent control layer connecting vehicles, chargers, and energy systems, while complementary services include Managed Trials (pilot programmes), Design & Build (infrastructure deployment), VEV ICP (grid connections), Hypercare & In-life Support (maintenance), Energy Supply, Financing, and Analytics/Consulting. This platform-plus-services architecture enables VEV to support organisations through the complete electrification lifecycle from initial strategy through to ongoing operation.
Differentiator
Problem solved
Functional benefit
Products and services
- VEV IQ Proprietary intelligent charger and energy management SaaS platform specifically developed for commercial EV fleets. Connects vehicles, chargers, and energy systems into a single interface for real-time monitoring, smart charging, load balancing, predictive analytics, and data-driven optimisation. Supports integrations with Stripe, RFID card authentication, third-party fleet management systems, solar PV and battery storage.
- Start Your Journey (Analytics & Consulting) Expert consulting and analytics services to help organisations start their fleet electrification journey, providing detailed site and energy assessments with scalable infrastructure design.
- Managed Trials VEV plans, tests and delivers managed trials to prove fleet electrification solutions work for specific customer operations before full deployment.
- Design & Build Bespoke design, build and commissioning of EV charging infrastructure that suits the specific needs of each business, including site planning, power strategy, and commissioning.
- VEV ICP (Independent Connection Provider)
Quantifiable outcome
- Up to 30% reduction in transition costs through data-led approach to early electrification stages
- +6 more outcomes
Companies that use VEV
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles6 records
VEV technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature5 records
VEV partnerships and signals
Strategic signalScale indicators6 records
Recent moves1 record
Expansion highlights6 records
VEV competitors and assessment
Company assessmentDirect peers
- EO Charging: UK-based specialist in EV charging infrastructure and smart charging software for commercial fleets. Directly competes with VEV in depot charging, fleet energy management, and end-to-end electrification services across UK and European fleet operators.
- Zenobe: UK-based provider of EV fleet financing, battery storage, and charging infrastructure for buses and HGVs. Comparable to VEV in targeting bus and logistics fleets with bundled financing, energy storage, and depot charging solutions.
- Wattif EV: European EV charging operator focused on destinations and fleets, including depot and residential charging. Comparable to VEV as a fleet-focused EV charging provider with operations across multiple European markets.
Broad incumbents
- Samsara: US-listed fleet operations platform with EV and energy management capabilities for enterprise fleets. Comparable to VEV IQ as a software platform for fleet operations, with broader scope and global enterprise focus.
- ChargePoint: Large US-listed EV charging network with a software platform for fleet and commercial charging. Comparable to VEV IQ as an EV charging management platform, but operates as a broader incumbent across multiple customer segments globally.
- Geotab: Global fleet telematics and management platform with EV-specific modules including charging analytics. Comparable to VEV IQ on the fleet management/analytics side, though broader in scope and focused on telematics rather than charging infrastructure.
Others
- Milence: Joint venture between Daimler Truck, TRATON, and Volvo building high-power public charging for HGVs across Europe. VEV has partnered with Milence on the UK Immingham hub, indicating an adjacent ecosystem relationship rather than direct competition.
Emerging players
- Optibus: AI-powered public transport operations platform with EV charging optimization for bus fleets. Comparable to VEV in the bus electrification vertical, particularly as a software layer for fleet and charging scheduling.
- Genex Connections (Genex Solar / Genex EV): UK Independent Connection Provider (ICP) with growing exposure to EV charging grid connections. Comparable to VEV's VEV ICP service line as a NERS-accredited grid connection specialist for EV charging depots.
Regional players
- Char.gy: UK-based EV charging provider focused on residential, on-street, and depot charging solutions. Comparable to VEV in UK EV charging infrastructure delivery, though with greater emphasis on public/residential rather than commercial fleet.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
VEV social profiles
Digital presenceVEV compliance and trust
Trust signalCompliance6 records
VEV financial estimates
Financial estimateRevenue estimate
Valuation estimate
VEV leadership team
Management profileNumber of profiles
Profiles8 records
VEV subsidiaries and ownership
Company hierarchySubsidiaries1 record
VEV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VEV 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 VEV
What does VEV do?
VEV delivers end-to-end fleet electrification solutions for commercial electric vehicle fleets, combining the proprietary VEV IQ charger and energy management SaaS platform with a suite of professional services. VEV IQ connects vehicles, chargers, and energy systems into a single interface for real-time monitoring, smart charging, and data-driven optimisation, while services cover consulting/analytics, managed trials, infrastructure design and build, HV/LV grid connections (as a NERS-accredited ICP), energy supply and optimization, hypercare maintenance, and fleet financing.
Is VEV a public or private company?
VEV is a private company. It is classified as corporate owned and is currently operating.
When was VEV founded?
VEV was founded in 2023. It employs 101 to 250 people.
Where is VEV based?
VEV is headquartered in London, United Kingdom, in the Europe region.
How does VEV make money?
Five revenue lines are on record. Infrastructure Design & Build is the primary driver. The others are VEV IQ Software Platform, energy Supply & Management, consulting & Managed Trials and financing Solutions.
Who are VEV's main competitors?
Direct peers on record are EO Charging, Zenobe and Wattif EV. Broad incumbents are Samsara, ChargePoint and Geotab. Milence is listed as an others. Emerging players are Optibus and Genex Connections (Genex Solar / Genex EV). Char.gy is listed as a regional player.
Does VEV have an API?
No public API is recorded for VEV.
What industry is VEV in?
VEV's product category is Fleet Electrification Services. Its primary akta.pro industry code is EUAFAMAJ, Cybersecurity, Identity & Device Management for EV Charging/V2G, with a secondary code of EUAFAMAA, Managed EV Charging Software (Residential, Fleet, Workplace). Its NAICS code is 22112 and its SIC code is 7373.