Energy Giant bp Invests in UK fleet Optimisation Software Provider Dynamon

bp ventures has made a £4 million investment in Dynamon, a UK-based software company that specialises in developing advanced data analytics and simulation tools for commercial transport and logistics companies. The funding forms part of Dynamon’s Series A round, being raised to fully scale up its platform and expand its operations in Europe and into North America.

Dynamon’s software and analysis tools are deployed in many countries, and help businesses understand actions they can take to help decarbonize their fleets cost-effectively, improving research and trial time. 

Its flagship software ZERO 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. 

bp has also signed a commercial agreement for Dynamon to optimise lower emission solutions for fleets and develop a premium offer for customers.

Gareth Burns, Vice President of bp ventures, says: “Faster adoption of lower carbon energy and mobility solutions will help drive bp towards meeting its ambition to become a net zero company by 2050 or sooner and helping the world get to net zero. We’re very excited to be investing in Dynamon, an EV fleet software business deploying software as a service and data science to help the commercial transport industry transition to lower carbon energy fleets.”

Angus Webb, CEO of Dynamon, adds: “It is our mission to bring the most advanced fleet optimization tools to the transport industry. This is becoming increasingly critical with the transition to electric vehicles requiring both fleets and suppliers to perform complex analysis to ensure that solutions will be robust and cost effective. We are delighted to be partnering with bp to deliver our software tools to fleets. With a strong heritage in engineering and technology and servicing fleets globally, bp is a perfect partner for Dynamon’s growth."

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

 bp ventures has invested over $1bn in technology companies and is actively managing 40 investments today.