Clean energy producer NextEra Energy Resources has paid an undisclosed amount to acquire US-based electric vehicle (EV) fleet services provider eIQ Mobility, allowing energy management technology producer Schneider Electric to exit.
Founded in 2018, eIQ markets data analytics software that helps fleet operators efficiently install EVs by taking into account the conditions of their operating market and local charging infrastructure.
The company currently offers two products: an electrification analysis platform called Evaluate, which enables clients to select high-performance EVs and charging points, and an analytics dashboard called EV Dash focused on fleet-wide cost and energy efficiencies.
NextEra expects the acquisition to improve its support for EV fleet conversions, in addition to analytics for hydrogen-fuelled vehicles. Schneider Electric Ventures, the corporate venturing arm of Schneider Electric, had supplied eIQ with an undisclosed amount of seed funding in February 2019.
Sila Kiliccote, eIQ’s co-founder and chief executive, said: “With battery and EV prices falling and an increasing focus on sustainability, many fleets are making plans for wholesale electrification.”