bp invests £4 million in fleet optimization software provider Dynamon

US-based venture capital firm bp ventures has made a £4-million investment in Series A funding of UK-based software company Dynamon, which specializes in developing data analytics and simulation tools for commercial transport and logistics companies. The purpose of the funding is to commercialize and scale up Dynamon’s ZERO platform and to expand its operations in Europe and into North America.

“As fleets electrify,” said Stefan von Dobschüetz, General Manager for bp pulse Europe, “the commercial transport and logistics industry faces challenges balancing cost management and operational reliability, while understanding new vehicle technology.”

Dynamon’s ZERO software is designed to save energy and capital investment costs by calculating the best options for adoption through planning for vehicles, charging infrastructure, energy costs and operations analysis. It can also be used by existing EV fleets to address cost management, support operational reliability, and monitor and manage battery degradation through data analytics.

Source: bp

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