ZF, a global technology company specializing in driveline and chassis technology as well as active and passive safety technology, has announced its strategic investment in CarPay-Diem, a leading mobile fueling and in-vehicle energy payment platform.
This investment is set to further develop services for fleet customers and consolidate CarPay-Diem’s position in the market.
The automotive industry is rapidly evolving, and digitalization is playing a critical role in shaping its future. ZF has recognized the importance of digital solutions in the industry and has been investing in digitalization for years. With this latest investment in CarPay-Diem, ZF is looking to further advance its digital offering and provide solutions that accompany vehicles throughout their entire lifecycle.
Developed by Luxembourg-based company Kwalyo, CarPay-Diem’s mobile fueling and in-vehicle energy payment platform allows drivers to pay for fuel and energy from within their vehicles, providing a convenient and efficient way to manage fuel and energy expenses. This technology is particularly useful for fleet customers who need to manage fuel and energy expenses for multiple vehicles. With the investment from ZF, CarPay-Diem is now in a stronger position to expand its offering and provide even more value to its customers.
“ZF is bringing CarPay-Diem access to thousands of connected vehicles across Europe, which will enable them to realize significant savings on fuel expenses.”
Frédéric Stiernon, CEO of Kwalyo
In addition to the investment, ZF’s involvement with CarPay-Diem also reinforces its legitimacy as an aftermarket orchestrator. An aftermarket orchestrator is a company that provides digital solutions that accompany vehicles throughout their entire lifecycle, from production to end-of-life. By investing in CarPay-Diem, ZF is demonstrating its commitment to providing advanced digital solutions that support the entire lifecycle of a vehicle.
ZF’s investment in CarPay-Diem is also an important step in enriching the Group’s fleet offering. With the ability to manage fuel and energy expenses more efficiently, fleet customers can reduce costs and improve their bottom line. Additionally, with the expansion of CarPay-Diem’s services, fleet customers will have even more tools at their disposal to manage their fleets effectively.
In conclusion, ZF’s investment in CarPay-Diem is a significant step forward in advancing digital solutions for the automotive industry. With the ability to manage fuel and energy expenses more efficiently, fleet customers can reduce costs and improve their bottom line. As digitalization continues to shape the industry, ZF’s investment in CarPay-Diem demonstrates its commitment to providing advanced solutions that support the entire lifecycle of a vehicle.
“The digitization of the fuel and charging industry for electric vehicles is a key element to accelerate the energy transition and we are proud to share this view with our partner. ZF is bringing CarPay-Diem access to thousands of connected vehicles across Europe, which will enable them to realize significant savings on fuel expenses – thanks to the winning combination of ZF telematics and CarPay-Diem services,” says Frédéric Stiernon, CEO of Kwalyo.
