Fleet Financing

With the acquisition of Charge Theory, Mobility House adds Bryan Thomas to its team

The Mobility House has added Bryan Thomas to the company’s team through the acquisition of Charge Theory, a provider of managed electric fleet charging services at a guaranteed price per mile. Combining The Mobility House’s worldwide smart charging experience and Charge Theory’s Charging as a Service (CaaS) model creates a complete turnkey charging solution for fleet electrification – from school and transit buses to last mile delivery.

Thomas will lead business model innovation in the United States to develop products, services and partnerships that address the financial and operational barriers faced by fleet operators in their transition to electric vehicles (EVs).

The Mobility House can now provide the installation and operation of all charging equipment and infrastructure needed to support the operation of an electric fleet with guaranteed charging system availability, with no upfront costs. With Charging as a Service from The Mobility House, the pennies-per-mile fee takes the hassle out of managing the installation or operation of charging equipment. For example, investing $1.7 million in charging infrastructure for a global logistics fleet becomes a cost of less than $0.10 for every mile travelled.

“We are excited to bring such expertise in charging service business models to the US team to help deliver what the market wants: turnkey solutions that simplify fleet electrification,” says Greg. Hintler, US Managing Director of The Mobility House. “With this expanded solution offering, The Mobility House is accelerating its efforts to deliver new charging service options alongside our existing partners to help any fleet achieve bold carbon reduction goals.”

Charge Theory offers electric vehicle charging solutions for commercial fleets, mitigating operational risk by providing charging to commercial fleets at no upfront cost. Fleet operators can quickly deploy Fleet Recharge with usage-based charges. Thomas, entrepreneur and CEO, spent a decade in the renewable energy industry before founding Charge Theory.

“In looking for ways to accelerate the adoption of electric vehicles in the United States, we drew inspiration from past experiences with commercial solar in which we helped address similar issues, such as operational risks, funding and steep learning curves,” comments Thomas. “The marriage of concepts from these two worlds enabled us to show customers that it was possible to park their diesel vehicle on Friday and drive electric on Monday without changing anything in their activity.