The company behind a scheduling system for electric vehicles has secured a £500,000 investment from the Finance for Business North East Technology Fund, managed by IP Group.
Route Monkey has developed the first scheduling system of its type for EVs, which is initially being targeted at commercial vehicle fleets.
The system helps fleet managers identify the best-located or optimally-charged EV for every delivery or collection, helping to reduce range worries and improve profitability.
As well as securing the investment, Route Monkey has struck a deal with Smith Electric Vehicles, to supply its technology to one of the world's biggest commercial electric vehicle manufacturers.
The global agreement will see Route Monkey's scheduling software interface with Smith Electric's proprietary telematics system, Smith Link.
Route Monkey's real-time scheduling capabilities allow EV fleets to make opportune, additional collections and deliveries, without interruptions affecting performance.
