Evenergi

About Evenergi

Evenergi, which now operates under the brand name BetterFleet, provides a software-as-a-service (SaaS) platform designed to de-risk and streamline the transition to zero-emission vehicle fleets. Founded in Sydney, Australia, in 2016 by Daniel Hilson and Nick Butlin, the company assists organizations in determining the optimal timing for acquiring zero-emission technologies, the most effective deployment strategies, and the best management practices.

The company's co-founders bring extensive experience from the energy, mobility, and technology sectors. Daniel Hilson, the CEO, has a background in environmental management and strategic management, with prior senior roles at Siemens and Veolia. His journey towards founding Evenergi was sparked in 2014 while working on a large-scale microgrid project and realizing the significant, unanswered questions around the electricity requirements for transport electrification. Co-founder and CTO Nick Butlin has a background in mechanical engineering and has held technology and operations leadership roles at companies like KiWi Power and BAE Systems.

Evenergi's business model is centered on its two main software platforms, BetterFleet and GridFleet, which generate revenue through subscriptions. The company serves a diverse client base that includes public transit authorities, government bodies, logistics companies, and utility network operators across North America, Europe, and the Asia-Pacific region. The platforms utilize digital twin and AI technology to create detailed models of a client's entire operation, including vehicles, routes, topography, and energy infrastructure. This allows fleet operators to run complex simulations and scenario plans to optimize vehicle and infrastructure selection, manage charging schedules, and minimize operational costs. BetterFleet focuses on the fleet operator's perspective, providing tools for planning and managing the transition. GridFleet caters to network operators, helping them forecast and manage the impact of widespread EV adoption on the electrical grid.

The company has achieved significant milestones, including securing over 200 clients globally. Financially, Evenergi has raised a total of $15 million in its Series A funding round, which was led by investors such as Aligned Climate Capital, Ecosystem Integrity Fund, and Remarkable Ventures Climate. This capital is being used to fuel expansion in North America and for further research and development. The company was also awarded a grant from the California Energy Commission, initially for nearly $2 million with a potential second phase of $27 million, to accelerate the deployment of its charge management products.