Case Study: Vitol builds an EV fleet charging business with HTEC Group

Vitol launches EV fleet charging venture with HTEC in a 2-year roadmap

Vitol, a major energy company, sought to launch a new electric vehicle fleet charging business from the ground up, a departure from its usual strategy of acquiring existing companies. Their challenge was to define the software foundations and technology strategy for this venture, requiring deep market analysis to decide what to build, buy, or partner on. They engaged HTEC Group for its expertise in digital product and platform strategy to navigate this complex, nascent market and create a robust business case for internal approval.

HTEC Group conducted extensive research to map the required technologies and created multiple strategic scenarios for Vitol, each with detailed implications for cost, time to market, and differentiation. This work included a validated two-year roadmap and supported the successful internal funding pitch. As a result, the new business was launched, grew significantly with rapid hiring, and is on track to meet its objectives, positioning Vitol to make a substantial impact on reducing global carbon emissions.

Vitol