Dynamon raises £4m in a Series A round from BP Ventures to scale its fleet software platform
BP Ventures has backed the UK transport analytics software provider to support its international expansion.
Dynamon develops advanced data analytics and simulation software that helps commercial transport and logistics companies optimize fleet operations and transition to electric vehicles.
Dynamon has secured £4m in a Series A funding round led by BP Ventures. The capital will be deployed to fully commercialize its software platform, scale operations, and expand its footprint across Europe and North America.
The company provides data analytics and simulation tools designed to help transport and logistics operators navigate fleet electrification. Its flagship product, ZERO, assists businesses in calculating optimal vehicle adoption, charging infrastructure, and energy costs.
Alongside the investment, Dynamon and BP have concluded a commercial agreement to deploy the ZERO platform across BP pulse customers. The partnership aims to enhance fleet management offerings as the transport sector encounters increasing pressure to decarbonize.
From the founder
"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."
Angus Webb
CEO at Dynamon
Use of funds
- 01Continue product development
- 02Expand into international markets