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E.ON acquires e-mobility start-up elvah

Essen-based energy company E.ON is driving the digitalisation of the transport sector and acquiring one hundred per cent of the assets in e-mobility start-up elvah.

Founded in 2020, the company helps drivers find an available, reliable and affordable charging option via an app. The goal of the collaboration is clear: to accelerate the transition to sustainable transport in Germany and increase the attractiveness of electromobility through customer-friendly processes and ease of use.

“The transport sector offers enormous decarbonisation potential, which we must exploit to achieve the Paris climate targets,” said Victoria Ossadnik, responsible for digitalisation and innovation on the E.ON Board of Management. “In order to make individual mobility more sustainable, it is crucial to intelligently integrate electric vehicles into the energy system, as potential storage devices, they enable additional flexibility in the decentralized energy system. Smart solutions like elvah complement E.ON’s technology strategy perfectly and significantly improve our customers’ charging experience.”

“Together with E.ON One and E.ON Drive, we can further develop the elvah platform and make charging e-cars even easier and more reliable,” added Gowrynath Sivaganeshamoorthy, CEO and co-founder of elvah. “With E.ON Drive as our first customer, e-car drivers will be able to charge anywhere in Europe in the future with the most innovative app.”

The technology and app developed by elvah provides customers with user-friendly access to over 300,000 charging points in 40 countries. The application generates a score from real-time data and customer feedback on the charging process, informing users about the reliability and convenience of the charging stations available. Based on this data, elvah simplifies the charging process and promotes access to electromobility.

For E.ON Drive, the acquisition of elvah by E.ON is a further step towards a universal portfolio of offerings in the field of electromobility. The technology developed by elvah will be the first to be implemented in E.ON Drive’s charging product and in this way made available to customers throughout Europe.

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