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AN INNOVATIVE BUSINESS MODEL FOR A USER–CENTRIC DECISION SUPPORT SYSTEM TO INCREASE AND SUPPORT ELECTRIC VEHICLES UPTAKE

Objective

The main objective of this innovation project is to refine, scale up and bring to market readiness a user-centric ICT decision support system (CleanPEA) that makes use of an innovate four-tier business model involving corporate fleet owners, vehicle drivers, EV manufacturers and infrastructure providers. CleanPEA will purpose it to support and encourage corporate fleet owners/operators to make the change from diesel-/petrol-powered, Light Commercial Vehicles (LCV – cars and vans) to the Electric Vehicles (EVs) equivalent. This will help the EU meet its demanding CO2 emission reduction targets, as cars and vans contribute around 15% of all CO2 emissions across Europe . Fleet Innovations Ltd. (FLEET) is an ambitious, Innovative-Driven Enterprise (IDE) with a strong desire to internationalise their business and led by a team of experts and serial entrepreneurs in providing data capture/reporting technology systems and fleet management solutions to track corporate business mileage/journey data. While engaging in customer building activities for our current solution (PEAK Miles), we discovered a strong desire among commercial corporations with company LCV fleets to switch to EVs as a way of cutting their cost and meeting their carbon reduction obligations . Europe’s corporate fleets produce around 380Mt CO2 emission annually, accounting for around 8% of all EU emissions . We have conservatively estimated that the successful commercialisation of CleanPEA will allow us to generate new cumulative revenues and profits respectively of €94.32m and €57.55m (EBITDA) 6 years post project (2022). As a result, we would create 91 new jobs across Europe and directly contribute to the reduction of CO2 emissions by 609,780 tonnes.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

FLEET INNOVATIONS LTD
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
7 CHURCH STREET
DY10 2AD Kidderminster
United Kingdom

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
West Midlands (England) Herefordshire, Worcestershire and Warwickshire Worcestershire
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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