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Amsterdam, 6th October 2021 – Today, E-Flux announces that VARO Energy (VARO); a leading energy company that operates throughout Europe has signed an agreement to acquire 49,5 % of the shares in E-Flux. Through this investment, VARO is entering the electric vehicle (EV) solutions market, hereby further demonstrating the company’s commitment to making sustainable energy accessible and affordable to keep people, societies and the world in motion.

The E-Flux platform provides key eMobility services by connecting EV-drivers to an extensive EV-charging infrastructure. The platform holds a pivotal role in the EV Charging ecosystem and functions as a spider web to enable continuous EV Charging operation.

The expansion of VARO’s portfolio is key to continue to meet customers’ evolving needs. Together E-Flux and VARO will further commit to achieving their ambition of being leaders in the supply of lower carbon energy solutions to accelerate the energy transition.

“A compelling EV offering is important to our customers as they transition to new energy solutions”, said Julian Stoll, VARO’s interim CEO. “For VARO, eMobility represents an important step forward to support the electrification of the European vehicle fleet and thus accelerate the transition.  This investment also builds a bridge between fossil and renewables energies, which is crucial to enhancing our ability to service VARO’s customers of today and tomorrow.”

CEO of E-Flux Vincent van Vaalen stated: “Since the early days of eMobility, E-Flux has been providing a software platform to service its clients by connecting EV chargers to charging transactions and has thus made it possible for its clients to efficiently, reliably and easily manage their e-fleet and all related costs. We’re delighted that with VARO as our partner we will be able to further develop our sustainable and reliable solutions to our valued clients.”

ABOUT E-FLUX

E-Flux is a technology company that builds infrastructure for eMobility. From the foundation in 2017, E-Flux has become one of the leading platforms in the eMobility market.

In the past years, E-Flux has grown a large partner network that exists out of installation companies, manufacturers of EV chargers and distributors. E-Flux focuses purely on developing a high-grade EV platform and offers services to ensure a reliable charging solution. By combining forces with partners, they offer an industry-leading solution for business of every size.

For more details about E-Flux, please visit www.e-flux.nl/en.

ABOUT VARO ENERGY

VARO Energy (VARO) is an energy company operating throughout the complete logistic fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality fuels from fossil and renewable sources to its national and international business customers and end-consumers.

VARO’s goal is to make sustainable energy accessible and affordable to ensure society’s ongoing mobility. VARO owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) and as of 1st October 2021, a 49.5% share in E-Flux, a leading provider of electric vehicle charging software.

VARO owns a refinery in Cressier (Switzerland), a majority share in the Bayernoil refinery (Southern Germany), as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.

For more information about VARO, please visit www.varoenergy.com.

ABOUT VARO ENERGY

VARO Energy (VARO) is an energy company operating throughout the complete logistic fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality fuels from fossil and renewable sources to its national and international business customers and end-consumers.

VARO’s goal is to make sustainable energy accessible and affordable to ensure society’s ongoing mobility. VARO owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) and as of 1st October 2021, a 49.5% share in E-Flux, a leading provider of electric vehicle charging software.

VARO owns a refinery in Cressier (Switzerland), a majority share in the Bayernoil refinery (Southern Germany), as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.

What is VARO’s strategy regarding renewable energy?

VARO’s mission is to ensure renewable energy is accessible and affordable to maintain global mobility for people and society as a whole. An appealing solution regarding EV’s is important to guide people in the transition towards new energy solutions. The expansion of the company portfolio is essential to satisfy the ever changing needs of our company. Their share in E-Flux wil help VARO to realize their ambition to become frontrunner in the supply of renewable energy solutions to speed up the energy transition.

Why this investment?

In VARO, E-Flux has found a strategic partner whose expertise, network and financial stability wil supplement E-Flux’ growth. VARO’s share in E-Flux enables E-Flux to speed up the accelerated growth of their strategy with the intermediate goal to become the leading European eMobility platform in 2025.

What will the collaboration look like?

E-Flux can lean on the extensive knowledge and expertise from VARO and VARO’s shareholders Vitol and Caryle. Thanks to this great constituency, E-Flux’ goal of becoming Europe’s greatest eMobility platform for processing charging sessions comes within reach. E-Flux will continue to operate as an independent business from their headquarters in Amsterdam.

What is de synergie with E-Flux en VARO?

For VARO, eMobility represents an important direction to support the electrification of the European fleet and quicken the energy transition. The investment in E-Flux builds a bridge between fossil fuel and renewable energy sources. VARO believes this combination is crucial to serve todays and tomorrows customers. VARO’s share in E-Flux enables E-Flux to speed up the accelerated growth of their strategy with the intermediate goal to become the leading European eMobility platform in 2025. Together VARO and E-Flux are able to provide an exhausting offer for clients with a transitioning fleet.

Thom

For further press information and/or images, please contact:
Thom Bakker – Marketing coordinator

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