Establishment of EVolity Corporation: A Company Providing Fleet Management Services for Commercial Electric Vehicles

(EVolity offers comprehensive support for the entire process, from adoption through to operations of EVs)

Panasonic Holdings Corporation (hereinafter, “Panasonic HD”) and Marubeni Corporation (hereinafter, “Marubeni”) have today established a new company, EVolity Corporation (hereinafter, “EVolity”), which will provide fleet management services for commercial electric vehicles (EVs). EVolity will be headquartered in Chuo City, Tokyo, with Mr. Masaharu Amaike serving as its first President and CEO. This summer, EVolity will begin providing services to major logistics companies that will proceed with the adoption of EVs.

EVolity will offer opportunities for trial operations to businesses considering adopting commercial EVs. Trial operations will facilitate these businesses in establishing a specific understanding of the impact on operations which would result from the adoption of EVs by allowing them to identify issues requiring resolution and providing them with smart charging systems and batteries. For businesses which already operate commercial EVs, EVolity will create an environment for centralized management of multiple charging stations and battery conditions, which will facilitate the seamless deployment of EVs. EVolity aims to contribute to the streamlining of operations by delivering a digital management system that supports multi-brand vehicles and chargers. Additionally, EVolity will collaborate with partner companies to provide comprehensive support, including assistance with EV vehicle selection and charging infrastructure. The provided systems will also take into account integration with the existing systems of customers, to facilitate operations and energy use management.

EVolity aims to establish a circular economy model, allowing for the future secondary use of EVs and on-board batteries, by drawing on Marubeni’s expertise and business network in the mobility and EV sector, as well as Panasonic HD’s knowledge and technologies in battery and related fields. EVolity seeks to contribute to environmentally friendly business practices and enhance corporate value by offering comprehensive support for the transition by businesses to utilizing EVs.

Company Overview

Name:	EVolity Corporation
Location:	Sumitomo Fudosan Shiodome Hamarikyu Bldg 6F 8-21-1 Ginza, Chuo-ku, Tokyo, Japan
Board of Directors and Officers:	President & CEO Representative Director Director Auditor	Amaike Masaharu Kenichiro Hoshika Makoto Sakuraya, Toshihiko Mori Takumi Tanabe
Established:	August 1, 2023
Main Business:	Fleet management service (vehicle, battery, and charging management) for commercial electric vehicles; charging infrastructure business.
Investment ratio:	Panasonic HD 50%, Marubeni 50%

Inquiries about this press release:

EVolity Corporation　
info_web@evolity.jp

Mobility Business Strategy Office
Panasonic Holdings Corporation
mobility_info@ml.jp.panasonic.com

Corporate Communications Department
Marubeni Corporation
Tel: 03-3282-3906

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