Southampton-based Dynamon, a software company that specializes in advanced data analytics and simulation tools for transport and logistics firms, announced that it has secured £4M in a Series A round of funding.
The investment came from BP Ventures, a VC firm that backs private and high-growth tech companies.
With this funding, the UK-based company aims to support platform commercialization, scale-up, and expansion efforts in both Europe and North America.
BP and Dynamon have also entered into a commercial agreement to collaborate on optimizing lower-emission solutions for fleets.
Dynamon will work with BP to assist transport and logistics companies in adopting low-carbon energy solutions, including electric vehicle (EV) charging infrastructure, as they transition towards electrifying their fleets.
The partnership aims to develop a premium offer for customers seeking eco-friendly transportation options.
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