WEX Announces Partnership with Qmerit for Commercial Fleets, EV Charger Installation at Drivers’ Homes
WEX has announced a nationwide partnership with Qmerit to facilitate EV charger installation at commercial fleet drivers' homes. Qmerit will provide comprehensive installation services through its network of 23,000+ certified electricians. Dallas 1, a Florida construction company, reported over 60% savings per vehicle in fuel and maintenance costs using WEX's EV At-Home charging solution.
The WEX EV At-Home program enables commercial mixed-energy fleets to streamline operations with automated reimbursement for drivers and unified billing through WEX's fleet management software portal. The solution calculates driver reimbursements using live utility rates and offers various approval options for charging sessions.
WEX serves over 19.7 million vehicles globally and continues to expand its EV and mixed-energy fleet capabilities. A recent Frost & Sullivan study revealed that while 75% of U.S. fleet operators recognize at-home charging cost benefits, only 23% of commercial drivers currently charge company vehicles at home.
WEX ha annunciato una partnership a livello nazionale con Qmerit per agevolare l'installazione di caricabatterie per veicoli elettrici presso le abitazioni dei conducenti delle flotte commerciali. Qmerit fornirà servizi di installazione completi attraverso la sua rete di oltre 23.000 elettricisti certificati. Dallas 1, un'azienda di costruzioni della Florida, ha riportato un risparmio superiore al 60% per veicolo nei costi di carburante e manutenzione utilizzando la soluzione di ricarica EV At-Home di WEX.
Il programma WEX EV At-Home consente alle flotte commerciali a energia mista di semplificare le operazioni con il rimborso automatizzato per i conducenti e la fatturazione unificata attraverso il portale di gestione delle flotte di WEX. La soluzione calcola i rimborsi per i conducenti utilizzando le tariffe energetiche in tempo reale e offre diverse opzioni di approvazione per le sessioni di ricarica.
WEX serve oltre 19,7 milioni di veicoli a livello globale e continua ad espandere le sue capacità per flotte miste ed elettriche. Uno studio recente di Frost & Sullivan ha rivelato che, mentre il 75% degli operatori di flotte statunitensi riconosce i benefici economici della ricarica a casa, solo il 23% dei conducenti commerciali attualmente ricarica i veicoli aziendali a casa.
WEX ha anunciado una asociación a nivel nacional con Qmerit para facilitar la instalación de cargadores de vehículos eléctricos en los hogares de los conductores de flotas comerciales. Qmerit proporcionará servicios de instalación completos a través de su red de más de 23,000 electricistas certificados. Dallas 1, una empresa de construcción de Florida, informó ahorros de más del 60% por vehículo en costos de combustible y mantenimiento utilizando la solución de carga EV At-Home de WEX.
El programa WEX EV At-Home permite a las flotas comerciales de energía mixta simplificar operaciones con reembolsos automatizados para los conductores y facturación unificada a través del portal de gestión de flotas de WEX. La solución calcula los reembolsos para los conductores utilizando tarifas de servicios en tiempo real y ofrece diversas opciones de aprobación para las sesiones de carga.
WEX atiende a más de 19.7 millones de vehículos a nivel mundial y continúa expandiendo sus capacidades para flotas eléctricas y de energía mixta. Un estudio reciente de Frost & Sullivan reveló que, aunque el 75% de los operadores de flotas en EE. UU. reconocen los beneficios de costo de la carga en casa, solo el 23% de los conductores comerciales cargan actualmente vehículos de la empresa en casa.
WEX는 상업용 차량 운전자의 자택에서 전기차 충전소 설치를 용이하게 하기 위해 Qmerit와의 국가적 파트너십을 발표했습니다. Qmerit는 23,000명 이상의 인증된 전기공사 네트워크를 통해 포괄적인 설치 서비스를 제공할 것입니다. 플로리다의 건설 회사인 Dallas 1은 WEX의 EV At-Home 충전 솔루션을 사용하여 차량당 연료 및 유지보수 비용에서 60% 이상의 절감을 보고했습니다.
WEX EV At-Home 프로그램은 상업 혼합 에너지 플릿이 운영을 간소화하고 운전자를 위한 자동 환급 및 WEX의 차량 관리 소프트웨어 포털을 통한 통합 청구 기능을 가능하게 합니다. 이 솔루션은 실시간 유틸리티 요금을 사용하여 운전자의 환급을 계산하고 충전 세션에 대한 다양한 승인 옵션을 제공합니다.
WEX는 전 세계에서 1,970만 대 이상의 차량에 서비스를 제공하며 전기차 및 혼합 에너지 플릿 기능을 계속 확장하고 있습니다. 최근 Frost & Sullivan의 연구에 따르면, 미국의 플릿 운영자 중 75%가 자택 충전의 비용 절감 효과를 인식하고 있지만, 현재 상업용 운전자의 23%만이 자택에서 회사 차량을 충전하고 있습니다.
WEX a annoncé un partenariat à l'échelle nationale avec Qmerit pour faciliter l'installation de chargeurs de véhicules électriques à domicile pour les conducteurs de flottes commerciales. Qmerit fournira des services d'installation complets grâce à son réseau de plus de 23.000 électriciens certifiés. Dallas 1, une entreprise de construction floridienne, a signalé des économies de plus de 60 % par véhicule sur les coûts de carburant et d'entretien grâce à la solution de recharge EV At-Home de WEX.
Le programme WEX EV At-Home permet aux flottes commerciales à énergie mixte de rationaliser leurs opérations avec un remboursement automatisé pour les conducteurs et une facturation unifiée via le portail de gestion de flotte de WEX. La solution calcule les remboursements des conducteurs en utilisant les tarifs de services publics en temps réel et propose diverses options d'approbation pour les sessions de recharge.
WEX dessert plus de 19,7 millions de véhicules dans le monde et continue d'élargir ses capacités de flotte électrique et à énergie mixte. Une étude récente de Frost & Sullivan a révélé que, bien que 75 % des opérateurs de flotte américains reconnaissent les avantages en matière de coûts de la recharge à domicile, seulement 23 % des conducteurs commerciaux rechargent actuellement les véhicules d'entreprise à domicile.
WEX hat eine landesweite Partnerschaft mit Qmerit angekündigt, um die Installation von EV-Ladegeräten in den Haushalten von gewerblichen Fahrzeugführern zu erleichtern. Qmerit wird umfassende Installationsdienstleistungen durch sein Netzwerk von über 23.000 zertifizierten Elektrikern bereitstellen. Dallas 1, ein Bauunternehmen aus Florida, berichtete von Einsparungen von über 60 % pro Fahrzeug bei Kraftstoff- und Wartungskosten mit der EV At-Home-Ladelösung von WEX.
Das WEX EV At-Home-Programm ermöglicht es gewerblichen Mischenergiefahrzeugflotten, die Abläufe mit automatisierten Rückerstattungen für Fahrer und einheitlicher Rechnungsstellung über das Flottenmanagement-Softwareportal von WEX zu optimieren. Die Lösung berechnet die Rückerstattungen für Fahrer unter Verwendung von aktuellen Stromtarifen und bietet verschiedene Genehmigungsoptionen für Ladesessions an.
WEX bedient weltweit über 19,7 Millionen Fahrzeuge und erweitert weiterhin seine EV- und Mischenergiefahrzeugfähigkeiten. Eine kürzlich durchgeführte Frost & Sullivan-Studie zeigte, dass während 75 % der US-Flottenbetreiber die Kostenvorteile des Ladevorgangs zu Hause erkennen, derzeit nur 23 % der gewerblichen Fahrer Unternehmensfahrzeuge zu Hause aufladen.
- Partnership with Qmerit expands WEX's service offering in EV charging solutions
- Customer case study shows 60% cost savings in fuel and maintenance through EV adoption
- Access to network of 23,000+ certified electricians for installations
- Integration of charging installation services into existing fleet management platform
- None.
Insights
The partnership with Qmerit marks a strategic move in WEX's EV infrastructure expansion, addressing a critical market gap in fleet electrification. The reported
The timing aligns well with industry trends, as WEX's recent acquisitions and partnerships position them to capitalize on the growing mixed-energy fleet market. The integration of Qmerit's 23,000-strong electrician network significantly reduces friction in EV adoption for fleet operators. This end-to-end solution approach, combining installation services with WEX's existing payment and management infrastructure, creates a compelling value proposition for fleet operators looking to transition to EVs.
WEX's strategic expansion in the EV space demonstrates strong revenue diversification potential. The
The company's comprehensive approach to EV fleet management, including recent acquisitions and partnerships, strengthens its competitive moat in the fleet management sector. With over 19.7 million vehicles serviced globally, even a modest conversion rate to EV solutions could generate substantial recurring revenue streams through payment processing and management fees. This positions WEX well for long-term growth in the evolving fleet management market.
Under the partnership, Qmerit will provide end-to-end home EV charging installation and integration services drawing on its national network of more than 23,000 electricians who are licensed, insured, and trained on EV charging equipment. Qmerit installations comply with permitting and inspections consistent with the company's safety and quality standards.
This partnership announcement comes on the heels of a
“We’re seeing considerable cost savings in the unleaded vehicles we have swapped out for EVs thanks to at-home EV charging with WEX,” said BJ Azzarelli, President of
Through WEX EV At-Home, commercial mixed-energy fleets can simplify operations and decrease costs. This includes accurate and easy reimbursement for drivers and access to WEX’s fleet management software portal using a single WEX credit line and unified billing, which was utilized by
“With electricians and other tradespeople in increasing demand, WEX’s partnership with Qmerit is meant to streamline the charger installation process, with ordering and installation functionality embedded within WEX’s fleet management software portal. It is a win-win when fleet managers can allow drivers to charge their work vehicles overnight at home, so they’re ready for work the next day, and save money while doing so,” said Jay Collins, SVP & GM, EV & Mobility at WEX. “Adopting a mixed-energy fleet is a risk-mitigated, calculated introduction to electric mobility, but can be an overwhelming endeavor that WEX’s technological solutions aim to help solve.”
WEX EV At-Home is an end-to-end solution meant to simplify the energy transition for organizations seeking to increase vehicle uptime, meet carbon emissions reduction goals, simplify the administrative burden of EV charging, and decrease the total cost of ownership for individual vehicles.
By charging at home, fleets can minimize expenses by accessing the most cost-effective EV charging and residential electricity rates. WEX EV At-Home calculates what each driver should be reimbursed by using that driver’s live utility rate, and efficiently distributes funds to a driver’s reimbursement account. With WEX EV At-Home, fleet managers can provide fast and accurate driver reimbursement by approving charging sessions with manual, bulk, or automatic options.
With over 19.7 million vehicles serviced globally, WEX continues to build increasingly robust EV and mixed-energy fleet functionality into our existing fleet mobility solutions. WEX EV At-Home is one of many advancements from WEX within the commercial fleet mobility space in 2024 alone – including the announcement that WEX’s fleet mobile payments app now processes EV charging payments for a mixed-energy fleet, WEX’s acquisition of Sawatch Labs and its fleet electrification analytics software, as well as partnerships with leading EV charging providers.
These solutions enable businesses to acclimate to the nuances of EV integration gradually, ensuring operational efficiency throughout the transition period. This as a recent global study by Frost & Sullivan commissioned by WEX reveals that the size of mixed-energy fleets is projected to increase given anticipated commercial EV adoption rates. According to the study, more than three-quarters of
About WEX
WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility, and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.
Forward-Looking Statements
This press release contains forward-looking statements including, but not limited to, statements regarding the expected strategic, operational, and financial benefits resulting from the WEX EV At-Home product and the Company’s partnership with Qmerit. Any statements in this press release that are not statements of historical facts are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” “positions,” “confidence,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Forward-looking statements relate to our future plans, objectives, expectations, and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or performance to be materially different from future results or performance expressed or implied by these forward-looking statements, including the ability of the Company and its customers to realize the expected benefits of the WEX EV At-Home product and the Company’s partnership with Qmerit; as well as other risks and uncertainties identified in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission on February 23, 2024 and subsequent filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events, or otherwise.
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Media:
WEX
Megan Zaroda, 610-379-6211
Megan.Zaroda@wexinc.com
Investors:
WEX
Steve Elder, 207-523-7769
Steve.Elder@wexinc.com
Source: WEX
FAQ
What cost savings did Dallas 1 achieve using WEX EV At-Home charging?
How many electricians are in Qmerit's network for WEX's EV charger installations?
What percentage of U.S. commercial drivers currently use at-home charging for company vehicles?
How does WEX EV At-Home calculate driver reimbursements?
