NETHERLANDS: VEV receives investment to accelerate European expansion

Clara Audry, General Partner at Jolt Capital, and Mike Nakrani, CEO of VEV

NETHERLANDS, September 9, 2026 / EINPresswire.com / -- VEV , a specialist in the electrification of commercial vehicle fleets, has received an investment from Jolt Capital. This new financing will enable VEV to accelerate the next phase of its European growth as an independent company.

The investment is being made by Jolt Capital

V, a fund with a target size of €1 billion that focuses on the growth of approximately twenty European deep-tech companies. The Finnish state investment company Tesi is acting as a co-investor. As part of the transaction, Jolt Capital and Tesi are acquiring Vitol's stake in VEV.

With the new shareholders, VEV gains a strong European foundation for further growth. The investment supports both a targeted acquisition strategy and further product development as the company expands its operations into new markets, including France, Germany, and the Netherlands.

The move to an independent company coincides with a significant milestone: VEV now supports the electrification of 6,000 commercial vehicles in Europe, of which more than 5,000 are in the United Kingdom. VEV was founded by Vitol, the world's largest independent energy trader, and brings together strategy for fleet electrification, charging and energy infrastructure, energy supply, and operational services into one integrated approach. In doing so, the company responds to the increasingly intertwined nature of mobility and energy.

Clara Audry, General Partner at Jolt Capital, Europe's largest private equity investor specializing in growth deep tech, says: “Technology has fundamentally changed the way consumers interact with energy. Commercial transport is now facing a similar shift. As more and more fleets go electric, the challenge shifts to intelligently managing energy flows between vehicles, depots, and the electricity grid. The companies that will succeed in this will be able to connect software, energy expertise, and operational capability on a large scale.”

“VEV is one of the few European platforms that brings together all these disciplines. The company now supports more than 20% of the UK market for heavy electric fleets. We look forward to supporting VEV in its next growth phase and in the further development of a leading European platform for electric mobility.”

Central to the approach of VEV, a specialist in the electrification of commercial fleets, has received an investment from Jolt Capital. With this new financing, VEV can accelerate the next phase of its European growth as an independent company.

The investment is being made by Jolt Capital V, a fund with a target size of €1 billion focused on the growth of approximately twenty European deep-tech companies. Finnish state investment company Tesi is acting as a co-investor. As part of the transaction, Jolt Capital and Tesi are acquiring Vitol’s stake in VEV.

With the new shareholders, VEV gains a strong European foundation for further growth. The investment supports both a targeted acquisition strategy and further product development as the company expands its operations into new markets, including France, Germany, and the Netherlands.

The move to an independent company coincides with a significant milestone: VEV now supports the electrification of 6,000 commercial vehicles in Europe, of which more than 5,000 are in the United Kingdom. Founded by Vitol, the world's largest independent energy trader, VEV brings together fleet electrification strategies, charging and energy infrastructure, energy supply, and operational services into a single integrated approach. In doing so, the company responds to the increasing interdependence of mobility and energy.

Clara Audry, General Partner at Jolt Capital, Europe's largest private equity investor specializing in growth deep tech, says: “Technology has fundamentally changed the way consumers interact with energy. Commercial transport is now facing a similar shift. As more and more fleets go electric, the challenge is shifting towards intelligently managing energy flows between vehicles, depots, and the electricity grid. The companies that will succeed in this are capable of connecting software, energy expertise, and operational capability on a large scale.”

“VEV is one of the few European platforms that brings all these disciplines together. The company now supports more than 20% of the UK market for heavy electric fleets. We look forward to supporting VEV in its next growth phase and in the further development of a leading European platform for electric mobility.”

Central to VEV’s approach is VEV IQ, the intelligent platform for charging and energy management. It offers fleet managers real-time insight into and control over vehicles, charging infrastructure, and on-site energy supplies from a single environment. VEV IQ is now active at more than 600 locations within sectors including transport, logistics, and waste collection.

Mike Nakrani, CEO of VEV, says: “For fleet managers, electrification is now about much more than just choosing electric vehicles. The real challenge is aligning infrastructure, energy, and daily operations in such a way that the solution is reliable, affordable, and scalable. We view electric vehicles as an important component of VEV IQ, the intelligent platform for charging and energy management. It offers fleet managers real-time insight into and control over vehicles, charging infrastructure, and on-site energy supplies from a single environment. VEV IQ is now active at more than 600 locations within sectors including transport, logistics, and waste collection.

Mike Nakrani, CEO of VEV, says: “For fleet managers, electrification is now about much more than just choosing electric vehicles. The real challenge is aligning infrastructure, energy, and daily operations in such a way that the solution is reliable, affordable, and scalable. We view electric vehicles as an important part of the energy system of the future, in which vehicles, charging infrastructure, local energy generation, and battery storage increasingly function as one integrated whole. “This increases flexibility and security of supply, lowers costs, and makes it possible to extract more value from electrification.”

“VEV has grown rapidly in recent years, while the market is making the transition from initial projects to large-scale electrification. We see ample opportunities to continue that growth, including through targeted acquisitions and further product innovation. In doing so, we combine our knowledge of transport and energy to help customers electrify their fleets on a large scale.”

“Thanks to the support of Vitol, we have been able to build VEV in a rapidly evolving market. As an independent company, with Jolt Capital and Tesi as new shareholders, we can further accelerate our European growth, broaden our services, and support an increasing number of customers with the electrification of their fleets.”

https://www.vev.com/