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Key people at B–ON.
Headquartered in Luxembourg, B–ON is a fleet electrification provider that offers electric commercial vehicles alongside an ecosystem of financing, charging, and maintenance services. The company operates an asset-light business model through contract manufacturing partnerships, supported by a global workforce of 188 employees across twelve countries. B–ON has raised $150 million in capital to date and generated $125 million in revenue during 2022 after delivering 2,447 electric vehicles. The organization established its core manufacturing capabilities by acquiring the StreetScooter Engineering division from logistics giant Deutsche Post DHL in early 2022. To expand production beyond its 30,000-vehicle capacity facility in Germany, the firm secured a United States manufacturing agreement with Karma Automotive. The enterprise currently holds contracts and letters of intent for approximately 11,000 additional delivery vans and pickup trucks; its specific founding year and founders remain undisclosed.
Key people at B–ON.
B–ON is a full-service electric vehicle (EV) solutions provider specializing in fleet electrification, offering a comprehensive ecosystem including EVs, charging, energy management, financing, service, maintenance, driver education, and telematics through a single point of contact.[2][6] It serves fleet owners of all sizes, solving the complexity of transitioning to electric fleets by providing an asset-light, modular model that leverages partners and existing infrastructure for cost savings, high uptime, and driver satisfaction.[2][6] The company rebranded to B–ON in May 2022, evolving from an OEM-focused entity to a full-solution provider, and reported nine-figure revenue in its first operational year despite market challenges, signaling strong growth momentum.[2]
B–ON emerged as an innovative player in the EV space, with founder Stefan Krause serving as Chairman and CEO, guiding its evolution amid tough market conditions like supply chain disruptions.[2] The idea crystallized around democratizing fleet electrification by bundling proven EVs with supporting services, moving beyond traditional asset-heavy models; this shift was formalized with the May 2022 rebrand, introducing complementary services to simplify the switch for fleets.[2][6] Early traction was marked by vehicle production and delivery in 2022, achieving significant revenue in its debut year and validating the model through partnerships with contract manufacturers and global market leaders.[2] Pivotal moments include joint investments, such as in eMotion Fleet for Asia-Pacific expansion, building on R&D hubs in Switzerland, England, and China.[6]
B–ON rides the global surge in fleet electrification and decarbonization, capitalizing on regulatory pushes for net-zero emissions and rising EV adoption amid climate imperatives.[2][6] Timing is ideal as automotive supply chains stabilize post-2022 disruptions, with fleets seeking cost-effective transitions; B–ON's model counters asset-heavy competitors by using existing infrastructure, aligning with market forces like energy cost pressures and telematics advancements.[2] It influences the ecosystem by accelerating adoption through partnerships and joint ventures, such as eMotion Fleet in Asia, lowering barriers for non-expert fleets and fostering broader EV infrastructure growth.[6]
B–ON is poised for scaled expansion, building on 2022 revenue success with deeper ecosystem integrations and geographic pushes into high-growth regions like Asia.[2][6] Trends like AI-driven telematics, falling battery costs, and stricter emissions rules will propel its modular model, potentially capturing more fleet segments as electrification matures. Its influence may evolve from niche provider to ecosystem leader, empowering fleets worldwide—echoing its mission to make EVs accessible and hassle-free from day one.[2][6]
