WEX (WEX) said Monday it is introducing WEX EV Depot, a new feature that enables secure electric vehicle charging at private charging stations when using the WEX Fleet Card.
WEX EV Depot streamlines operations for fleet managers and drivers by consolidating all EV and fuel transactions under a single WEX fleet credit line, reducing the need for multiple cards and simplifying onboarding and daily management, the company said.
The new feature is available to existing WEX En Route customers for an additional subscription fee. It also integrates with insights from Sawatch Labs, a WEX company, to help fleets decide where to install depot chargers based on real operational data and to improve return on investment once the infrastructure is deployed, the company added.
Price: 131.19, Change: +1.28, Percent Change: +0.98
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.