Press release

WEX, ChargePoint Boost EV Charging for Fleets Nationwide

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Sponsored by Businesswire

WEX
(NYSE: WEX), a leading financial technology service provider, and ChargePoint,
the world’s largest electric vehicle (EV) charging network, have signed
a deal to expand electric vehicle charging to fleets throughout the U.S.

Under the agreement, WEX and ChargePoint have developed and deployed an
EV payment system that allows up to 11 million WEX Fleet card holders to
pay for charges at more than 66,000 places to charge on the ChargePoint
network.

The companies will announce their merchant agreement at the Government
Fleet Expo Conference
, one of the largest gatherings of government
fleet managers in the U.S., June 17-20 in New Orleans. David Breault,
senior manager of Fleet Solutions for ChargePoint, will be on hand at
the WEX booth (Booth #904) from 11 a.m. to 1 p.m., Tuesday, June 18, to
answer questions and offer assistance in how to activate WEX EV
FleetCharge.

Developed in partnership with a federal agency, WEX EV FleetCharge
expands the array of fuels available to public and private
organizations, makes it easier than ever for them to acquire and pay for
EV charges, and helps them meet emissions mandates to reduce their
environmental footprints.

ChargePoint provides EV charging solutions and WEX provides fuel cards
to the U.S. General Services Administration. WEX EV FleetCharge was
tested and developed within GSA Fleet, the nation’s largest public
fleet, with more than 200,000 vehicles under management.

With more than 11 million cards in the market and acceptance at more
than 95 percent of fueling locations across the U.S., WEX helped create
the first fuel card for fleets in 1983 and today is a leading provider
of data-driven corporate payment solutions in the Fleet, Travel and
Health sectors.

ChargePoint is the world’s leading EV charging network, with more than
66,000 places to charge globally. With a global headquarters in Silicon
Valley, ChargePoint’s comprehensive portfolio offers customers charging
solutions for nearly every category of EV charging: at home, work,
around town and for fleet applications.

ChargePoint’s broad range of charging solutions including
smart-networked chargers, software, energy management, support, and
cloud services helps fleet managers more seamlessly and effectively
manage their electric vehicle fleets. It also provides tools for a wide
range of fleet scenarios, including depot, mixed-use and on-route.

“Partnering with ChargePoint and adding their 66,000 sites to our
network is a natural next step for us,” WEX Senior Vice President of
Fleet Product Management Peggy Watson said. “We’re always expanding our
product functionality to meet the expanding and diverse needs of a broad
range of fleet operators. That includes those that have made commitments
or are under mandates to transition from traditional fuels to electric.”

“Our partnership with ChargePoint allows EV fleets to operate
seamlessly, conveniently and cost-effectively,” Watson said, “just like
traditional WEX fuelers do.”

“ChargePoint is committed to building out the fueling network that will
enable the transportation of all people and goods under electric power,
with solutions that make it easier for drivers and organizations to
charge whenever and wherever they need,” ChargePoint Vice President of
Global Fleet Solutions Mark Kerstens said.

“ChargePoint’s partnership with WEX is a significant enhancement to our
already comprehensive portfolio of charging solutions for fleets,”
Kerstens said. “Leveraging WEX’s decades of experience, this partnership
makes expense management even easier and more cost-effective, while
helping make the transition to electric seamless and compelling for
fleet managers and drivers.”

About WEX
Powered by the belief that complex payment systems
can be made simple, WEX (NYSE: WEX) is a leading financial technology
service provider across a wide spectrum of sectors, including fleet,
travel and healthcare. WEX operates in more than 10 countries and in
more than 20 currencies through more than 4,800 associates around the
world. WEX fleet cards offer 13.1 million vehicles exceptional payment
security and control; purchase volume in its travel and corporate
solutions grew to $34.7 billion in 2018; and the WEX Health financial
technology platform helps 343,000 employers and more than 28 million
consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

About ChargePoint
ChargePoint is the leading electric
vehicle (EV) charging network in the world, with charging solutions in
every category EV drivers charge, for fleets, at home, work, around town
and on the road. With more than 66,000 public and semi-public commercial
charging spots and thousands of customers (businesses, cities, fleets,
agencies and service providers), ChargePoint is the only charging
technology company on the market that designs, develops and manufactures
hardware and software solutions across every use case. Leading EV
hardware makers and other partners rely on the ChargePoint network to
make charging station details available in mobile apps, online and in
navigation systems for popular EVs. ChargePoint drivers have completed
more than 55 million charging sessions, saving upwards of 60 million
gallons of gasoline and driving more than 1.4 billion gas-free miles on
dispensed energy. For more information, visit www.chargepoint.com or
contact the Global Press Office at media@chargepoint.com or
European Press Office at europepressoffice@chargepoint.com.