Marubeni Corporation (hereinafter, “Marubeni”) and Panasonic Holdings Corporation (hereinafter, “Panasonic HD”) have today established a new company, EVolity Corporation (hereinafter, “EVolity”), which will provide fleet management services for commercial electric vehicles (EVs). EVolity will be headquartered in Chuo City, Tokyo, with Mr. Masaharu Amaike serving as its first President and CEO. This summer, EVolity will begin providing services to major logistics companies that will proceed with the adoption of EVs.

EVolity will offer opportunities for trial operations to businesses considering adopting commercial EVs. Trial operations will facilitate these businesses in establishing a specific understanding of the impact on operations which would result from the adoption of EVs by allowing them to identify issues requiring resolution and providing them with smart charging systems and batteries. For businesses which already operate commercial EVs, EVolity will create an environment for centralized management of multiple charging stations and battery conditions, which will facilitate the seamless deployment of EVs. EVolity aims to contribute to the streamlining of operations by delivering a digital management system that supports multi-brand vehicles and chargers. Additionally, EVolity will collaborate with partner companies to provide comprehensive support, including assistance with EV vehicle selection and charging infrastructure. The provided systems will also take into account integration with the existing systems of customers, to facilitate operations and energy use management.

EVolity aims to establish a circular economy model, allowing for the future secondary use of EVs and on-board batteries, by drawing on Marubeni’s expertise and business network in the mobility and EV sector, as well as Panasonic HD’s knowledge and technologies in battery and related fields. EVolity seeks to contribute to environmentally friendly business practices and enhance corporate value by offering comprehensive support for the transition by businesses to utilizing EVs.

Company Overview
Name:	EVolity Corporation
Location:	Sumitomo Fudosan Shiodome Hamarikyu Bldg 6F 8-21-1 Ginza, Chuo-ku, Tokyo, Japan
Board of Directors and Officers:	President & CEO	Amaike Masaharu
	Representative Director	Kenichiro Hoshika
	Director	Makoto Sakuraya, Toshihiko Mori
	Auditor	Takumi Tanabe
Established:	August 1, 2023
Main Business:	Fleet management service (vehicle, battery, and charging management) for commercial electric vehicles; charging infrastructure business.
Investment ratio:	Marubeni 50%, Panasonic HD 50%

Related Press Release:
・May 19, 2023
Marubeni and Panasonic Holdings Agree to Establish a Joint Venture to Provide Fleet Management Services for Commercial EVs (Aiming to Provide Integrated Support for Introducing and Operating EVs)
https://www.marubeni.com/en/news/2023/release/00056.html

Inquiries about this press release:
EVolity Corporation　
info_web@evolity.jp

Corporate Communications Department
Marubeni Corporation 
Tel: 03-3282-3906

Mobility Business Strategy Office
Panasonic Holdings Corporation 
mobility_info@ml.jp.panasonic.com