Valeo and Virta partner for integrated charging solution

At the upcoming Flotauto Show on February 6th, Valeo and Virta will officialise partnership aimed at strengthening their positions in the expanding electric vehicle and energy management ecosystem by integrating their technologies.

Valeo, a global leader for automotive technology, partner to all automakers and a leader of car electrification is also an active player on the electrified mobility market through a wide range of charging stations, charging cables and mobile chargers, under the Valeo Ineez brand. Valeo is leveraging its leadership in electrification systems to offer solutions beyond automotive.

Virta is a global technology company developing smart EV charging services that connect EVs, drivers and energy systems. The Virta Charge Point Management System (CPMS) platform is used by fleet companies and charge point operators (CPOs) across energy, petrol, retail, automotive and real estate industries in 36 countries in Europe and South-East Asia.

Thanks to the partnership, Valeo and Virta will combine their technologies in a growing EV market where charging and energy management are key. An optimised integration of Valeo’s Ineez charger into Virta’s CPMS will offer efficient and reliable management of EV charging to professional users such as carmakers, fleets, leasing companies, charging service providers and other commercial and industrial customers.

Isabelle D’Ambrosio, Valeo VP Smart Mobility declared: “Valeo is at the forefront of the electrification of mobility. We are proud to announce the partnership between Virta and Valeo. It will contribute to enhancing the Valeo Ineez’s offer with seamless and integrated solutions and thus put the customer experience even more at the heart of our priorities. This is another proof of Valeo’s commitment to offering the latest technologies for more sustainable mobility. “

Jussi Palola, Chief Innovation Officer at Virta, highlighted the transformative potential of the partnership: “Valeo, Virta, and our partners are uniquely positioned on a global scale to advance the integration of cars, charging infrastructure and energy systems enabling seamless interactions for users. Together our innovative solutions enhance the charging experience and position EVs as an integral yet mobile part of the energy ecosystem.”

The collaboration focuses on promoting the seamless integration and optimal combination of Valeo and Virta’s advanced technologies but also paves the way toward fully realising the potential of Vehicle to Grid (V2G) technology. This transformation would enable electric vehicles not only to draw energy from the grid, but also to release surplus energy, thereby balancing supply and demand while helping consumers maximise the value of the electric vehicles and contributing to the energy transition.

About Valeo

Valeo is a technology company and partner to all automakers and new mobility players worldwide. Valeo innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers.

Valeo in figures: 22 billion € in sales in 2023 | 109 600 employees, 28 countries, 159 plants, 64 research and development centers and 19 distribution platforms at June 30, 2024.

Valeo is listed on the Paris Stock Exchange.

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About Virta

Virta is a global technology company with a mission to drive sustainable transportation and energy by connecting electric vehicles (EVs) with renewable energy systems. The digital Virta EV Energy platform provides a comprehensive suite of solutions, including Charging Network and Business Management, Transactions, Pricing, Payments and Invoicing, EV Driver and Fleet Services, Roaming, Energy Management, and Virtual Power Plant services.

Virta holds 40 patent families focused on energy management capabilities, including Vehicle-to-Grid (V2G) technology, which are essential for the future ecosystem of connected energy and mobility. Operating in 36 markets across Europe and Southeast Asia, Virta is headquartered in Helsinki, Finland.

https://www.virta.global/

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Esa-Pekka Nykänen | +358 40 595 3135

esa-pekka.nykanen@virta.global