- Corporate News
ZF invests in mobile fueling and in-vehicle energy payment platform
CarPay-Diem announced a strategic investment from ZF, which consolidates CarPay-Diem’s leading position in the mobile fueling and in-vehicle energy payment market. The participation of ZF enriches the Group’s fleet offering and reinforces its legitimacy as an aftermarket orchestrator, who provides and advances digital solutions that accompany vehicles throughout their entire lifecycle.
The scalable mobile fueling and digital marketing platform CarPay-Diem, developed by Luxembourg-based company Kwalyo, has successfully processed more than 3 million mobile fueling transactions since its launch in 2019. The company’s blend of business-to-business (B2B) and business-to-consumer (B2C) businesses supports not only fuel retailers and card issuers with their digitisation efforts but also allows original equipment manufacturer (OEM) and mobility app providers to deliver an exclusive experience to fleet operators and drivers.
CarPay-Diem is currently building the largest European network of fuel stations and EV chargers for mobile transactions. The investment from ZF will help to uniquely position CarPay-Diem’s technology in the roadmap towards the next generation in-vehicle fueling experience, by integrating with apps into the vehicle’s infotainment system. With the integration of CarPay-Diem’s services into ZF’s telematics solutions, thousands of connected vehicles will be able to use digital fuel cards to activate fuel pumps and EV chargers instantly.
Fleets face a multitude of challenges in a world that is fast changing. They have to constantly adapt their fueling strategy to the market conditions and strive to get access to accurate accounting data to operate as efficiently as possible. By integrating the mobile fueling and in-vehicle energy payment solution, ZF Aftermarket brings not only convenience for the driver, but immediate fuel cost transparency and higher operational efficiency for the fleet manager. This also applies to the operation of mixed fleets, including internal combustion engine (ICE) and electric vehicle (EV) and is therefore ultimately important support for a smooth transition to a purely electric fleet.
“The digitisation of the fuel industry and EV charging is a key element to accelerate the energy transition and we are proud to share this view with our partner. ZF brings CarPay-Diem access to thousands of connected vehicles across Europe that will render important savings on fuel expenses—thanks to the winning combination of ZF telematics and the CarPay-Diem services,” said Frédéric Stiernon, chief executive officer of Kwalyo.
“With the investment, we can realise another strategic addition to our network of partnerships with the goal to enable customers to efficiently manage their fleets, optimise their costs and considerably reduce their carbon footprint,” said Phillippe Colpron, head of ZF Aftermarket and executive vice president, ZF Group.
“For ZF, the investment in a digital energy payment system is an essential enhancement to the already active data sources we have, in order to develop further valuable services for our fleet customers—together with our partners.”