IMPROVED advises ViriCiti and its shareholders in the Sale to ChargePoint

“The future of fleets is electric, and integrating charging solutions with the many business systems already in place in today’s depots is essential to successful electrification. Adding ViriCiti’s vehicle management capabilities to our fleet portfolio allows ChargePoint to deliver more functionality to eBus and commercial fleet operators while remaining open to integration with existing telematics systems. The combined solution underscores the importance of software to EV charging and will ensure operational readiness at low cost as fleets of all types across North America and Europe continue to electrify.”

“We are beyond excited to partner up with ChargePoint at a time where the transition to zero-emission transportation is at the tipping point. With ChargePoint, we will be able to expand further across Europe and North America. Besides the aligned vision and culture match between ViriCiti and ChargePoint, our product portfolio perfectly complements theirs to enable the electrification of fleets at a faster pace.”

“We invested in 2016 into ViriCiti when the e-bus market was still nascent. Ever since the team has been consistently building on their superior solution that enables the electrification of commercial transportation. We are very proud to see this effort rewarded through the acquisition by ChargePoint.”

“Energy Impact Partners (EIP) backed ViriCiti because they had built a dominant position in the e-transit market. EIP is excited for this next step for ViriCiti, and to continues to play a leading role investing in and supporting the global e-mobility ecosystem.”

“ViriCiti has built an impressive and global leadership position in the eBus and commercial fleet management software sector. This transaction shows once more that 2021 is the year of the tipping point of e-mobility and the market dynamic is expanding across all modes of transport. The influx of institutional capital into the e-mobility sector further accelerates consolidation and drives a wave of M&A activity in the sector. A special thank you to the entire ViriCiti team for their unwavering teamwork and commitment throughout the process – it’s been a pleasure working with them."