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DriveElectric agrees strategic investment partnership with Sumitomo Corporation

Sumitomo Corporation is a leading Fortune 500 global trading company, founded in 1919 in Japan. Its business spans a range of industries including metal products, transportation and construction systems, infrastructure, media and digital, consumer lifestyle, real estate, mineral resources, energy and chemical and electronics. It also jointly owns Sumitomo Mitsui Auto Service, Japan’s largest automotive leasing company.

Mike Potter, Managing Director, DriveElectric, says “With the UK due to phase out the sale of new petrol and diesel cars and vans by 2030 there is an urgent need to ensure that businesses and motorists can make the switch to electric vehicles as quickly and as easily as possible. DriveElectric is now able to scale up its level of expert service to meet rapidly increasing customer demand, as well as to expand the technology offering of the business.”

Takashi Yamana, CEO, Sumitomo Corporation Europe, says “Sumitomo Corporation is delighted to be part of the DriveElectric business and contribute to UK’s journey towards Net Zero by promoting transition to zero-emission mobility. Also, we look forward to creating additional values to customers and society by developing new offerings integrated with digital and energy services.”

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