Mina Energy announced raising money from Fleetcor Technologies.

Mina Energy, a Sheffield, UK-based Electric Vehicle (EV) platform integrating with home and work charging points throughout the United Kingdom, announced getting into a mnority investment deal with the American payments company Fleetcor.

Financial details were not disclosed. The deal values the company at £6 million.

Mina, founded in 2019 by Ashley Tate and Chris Dalrymple, developed a cloud-based digital software platform that simplifies charging and payments management for commercial fleets with electric vehicles (EVs).

Mina is the UK’s only EV charging solution which credits payment for the drivers’ energy used while charging at home for business purposes to their energy provider, eliminating cumbersome expense reimbursement processes. This makes paying for EV re-charging accurate and easy for employers and employees. By removing the payment complexities traditionally associated with expense reclaim and EV charging, Fleetcor can provide the Mina solution to commercial fleet customers transitioning to EV.