Fuelman® Launches New Solution for Managing Commercial Fleet Electric Vehicles

Rhea-AI Summary

Fuelman introduces a new solution to enable fleet customers to manage electric vehicle (EV) charging and reimburse employees for home charging. This platform tracks all EV charging events and integrates with existing Fuelman cards, facilitating payments across popular apps where Mastercard is accepted. The initiative supports businesses transitioning to EVs, simplifying fleet management. Alexey Gavrilenya noted the increasing complexity of fueling as companies adopt EVs, while Keagan Russo emphasized convenience and data insights for better fleet management.

Positive

• New EV charging solution simplifies fleet management for businesses adopting electric vehicles.
• Integration with existing Fuelman cards enhances customer convenience.
• Accurate tracking of EV charging events supports reimbursement processes for employees.

Negative

• None.

New solution enables businesses to pay for electric vehicle public re-charging, and employee home charge reimbursement for fleet customers

ATLANTA--(BUSINESS WIRE)-- Fuelman Inc., today introduced a solution allowing fleet customers to pay for electric vehicle (EV) charging, accurately track all EV charging events, and reimburse employees for at-home charging. The new solution is available to all Fuelman customers as businesses add EV vehicles to their fleets.

“As businesses increasingly look to adopt EVs, the fueling landscape becomes more complex, which in turn makes fleet management more difficult,” said Alexey Gavrilenya, Group President of North America Fuel at FLEETCOR. “We are at the forefront of the energy transition by providing an enhanced, comprehensive management and payment platform to help customers efficiently manage fleets with any fuel mix.”

For Fuelman customers, the EV solution can be added to existing physical fleet card or a virtual EV companion feature can be issued to customers. These cards, whether virtual or physical, can be used for payment in popular EV charging apps within any charging network where Mastercard is accepted.

Driven by a need for businesses to reimburse employees who charge their company EV at home, this new platform leverages data captured from electric vehicles to track every charging event, at every charger type and location. The new solution captures home charging events, tracks usage, calculates costs and manages expense reimbursement, which removes impediments to widespread EV adoption for fleets.

“As a leader in commercial fleet management and payment solutions, we can provide our customers convenience, fraud controls and data insights, no matter where or how they fuel,” said Keagan Russo, President, Fuelman and North America Local Fleet. “Enabling EV charging payment, data, and home reimbursement for all of our Fuelman fleet card customers allows us to help customers manage their fleets moving forward.”

About FUELMAN

Founded in 1985, Fuelman is now the leading fuel expense management solution. Fuelman’s Fuel Cards help businesses manage and control fuel expenses with customizable fuel controls and real-time alerts and reporting, ensuring businesses can better service their customers while minimizing operational inefficiencies and costly misuse of fuel charges. The company is a subsidiary of FLEETCOR Technologies’ (NYSE: FLT) portfolio of brands. For more information, visit www.fuelman.com.

About FLEETCOR^®

FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands helps companies automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112005292/en/

Trish DaCosta

KCD PR (for Fuelman)

NAF@kcdpr.com

(619) 955-7759

Source: Fuelman

FAQ

What is the new solution introduced by Fuelman for fleet customers?

Fuelman has launched a solution that enables fleet customers to manage electric vehicle (EV) charging and reimburse employees for at-home charging.

How does Fuelman's EV charging solution work?

The solution tracks all EV charging events and can be used with existing Fuelman cards, allowing payments through popular EV charging apps.

What does the introduction of this EV solution mean for businesses?

The EV solution helps businesses manage the complexities of adopting electric vehicles, facilitating easier fleet management and reimbursement processes.

When was Fuelman's EV charging solution announced?

The EV charging solution was announced in a press release dated January 12, 2022.

What is Fuelman's stock symbol?

Fuelman's parent company, FLEETCOR Technologies, is traded under the stock symbol 'FLT'.