Electric Vehicle & Charger Management Platform Scale-up

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Innovate UK
Innovate UK
Innovate UK
Innovate UK
Innovate UK

£7,452,210

Feb. 7, 2023

May 7, 2024

The government has set a target to end the sale of ICE vans by 2030 and allow only vehicles with zero tailpipe emissions to be sold from 2035\. Groups like EV100 represent companies going beyond these targets to achieve complete transitions to EV before 2030\. The implication is that with 6 year ownership cycles, these fleets need to purchase 100% EVs from 2024\.

Electrifying fleets is not simple. Planning is complicated by a range of vehicle and infrastructure choices that have to fit within operating and power constraints. Deployments can require new technologies and suppliers as well as previously unconnected parts of a business to co-operating. Operations can require management of mixed assets with differing capabilities as well as real time optimisation of power consumption to minimise costs.

Flexible Power Systems (FPS) is a Big Data and IoT technology company that simplifies commercial vehicle EV transitions. Our three offers help customers achieve cost effective and rapid transitions:

* **fps plan** is a decision support tool that uses Big Data to model the impact of EV and infrastructure choices on costs, emissions and electrical demand so that lowest cost and risk transition pathways can be achieved.
* **fps deploy** is a suite of technical and project management services to ensure EVs fit operator requirements and deployment risks are minimised.
* **fps operate** is a platform for managing EVs and infrastructure. It aggregates relevant data from vehicles, chargers and wider business and then uses it to perform real time optimisation of charging and vehicle allocation as well as a number of monitoring and support services that maximise uptime. The platform was developed and demonstrated with Waitrose to support their eComm operation in an earlier InnovateUK funded project.

Today much of FPS' revenue comes from plan and deploy offers. The longer term opportunity is in SaaS based revenues from the fps operate platform.

This project will undertake several pilots in new sectors, prepare the platform for scaling and develop new features that further differentiate the product allowing us to move from our current consulting model to being a SaaS business with a platform managing tens of thousands of vehicles in multiple countries.

The optimisation services we offer reduce EV transition costs through more efficient use of vehicle investment, lower charging costs and reduced expenditure on connection capacity. Our products therefore accelerate the transition to EV for our customers by improving the business case and ensuring feasibility.