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BP invests £4m in fleet optimisation software provider Dynamon

BP Ventures has made a £4m investment in Dynamon, a UK-based software company that specialises in developing advanced data analytics and simulation tools for commercial transport and logistics companies.
By James Foster August 10, 2023 Read time: 2 mins
Dynamon provides advanced data analytics and simulation software tools that help transport and logistics companies adopt low carbon energy solutions such as EV charging infrastructure as they look to electrify their fleets.  Image: ©Scharfsinn86/Dreamstime
Dynamon provides advanced data analytics and simulation software tools that help transport and logistics companies adopt low carbon energy solutions such as EV charging infrastructure as they look to electrify their fleets. Image: ©Scharfsinn86/Dreamstime

The funding forms part of Dynamon’s Series A round, being raised to fully commercialise and scale up its platform and expand its operations in Europe and into North America.

With an expanding selection of EVs and more options for charging infrastructure, researching, and trialling every possible solution is both time intensive and costly. Dynamon’s software and analysis tools are deployed in many countries, and help businesses understand actions they can take to help decarbonise their fleets cost-effectively, improving research and trial time.

Dynamon’s flagship Zero software also helps to address these issues by developing solutions that could save energy and capital investment costs, including calculating the best options for adoption through planning for vehicles, charging infrastructure, energy costs, and operations analysis.

Dynamon’s tools can also be utilised by existing EV fleets to get the most out of their operations, address cost management, support operational reliability, and gain a deeper understanding of battery degradation through data analytics that present the best options for their operational needs. 

“Dynamon’s simulation and data analytics tools offer fleet-specific insights to help identify the optimum EVs and charging infrastructure to replace existing combustion engine vehicles,” said Stefan von Dobschüetz, general manager for BP Pulse Europe. “This agreement between BP and Dynamon makes the tools available to our BP Pulse customers and provides a range of options and solutions to effectively manage and enhance their EV fleet.”