VW merges Elli and Logpay in new subsidiary
This new company is set to operate as a wholly owned subsidiary of Volkswagen Group Charging GmbH (Elli) from March 2025. Meaning that Elli is the parent company and will continue to be responsible for the charging business, while the mobility services of Elli and Logpay will be merged into the new subsidiary Elli Mobility.
“This strategic merger lays the foundation for future growth by offering seamless mobility services and an expanded range of solutions to both business and private customers transitioning to e-mobility,” Elli writes in its press release. As a new brand, Elli Mobility “represents Volkswagen’s commitment to driving the transition to sustainable mobility while addressing the diverse needs of the market.”
Specifically, the new company will combine Logpay’s expertise in the area of charge card services with Elli’s eMobility solutions. The advantage for customers will be that there will be one contractual partner for all charging, refuelling and carwash services – virtually tailor-made for fleets with combustion, electric and hybrid vehicles, as is often the case with the increasing electrification of vehicles. That also includes access to solutions for home charging or charging at the workplace. The combined mobility business will expand services across Europe, “ensuring accessibility and convenience for diverse fleet needs.”
Logpay is known as a provider of the ‘Charge&Fuel’ card, among other things. Although this has also integrated Elli’s charging points since 2021, it was managed separately and had its own tariffs.
Joschi Jennermann (CEO) and Sebastian Steffen (CFO) will take over the management of the new Elli Mobility GmbH. Jennermann has been with Elli since August 2023 and has extensive experience in fleet management, having previously worked for several years at Urban Mobility International GmbH – the company behind the former VW car-sharing service WeShare, which was taken over by Miles in 2022. CFO Sebastian Steffen comes to Elli Mobility from VWFS, where he was most recently responsible for venture capital and strategic cooperations. He has also been a Logpay’s Supervisory Board member since August 2024.
“By consolidating our efforts under one roof, we are elevating synergies, and creating a robust, competitive offering that positions us as a leading mobility provider in Europe,” said Giovanni Palazzo, CEO of Elli. “It not only meets the needs of customers with electric vehicles but also addresses the growing demands of “mixed” households and fleets that include combustion engine cars.”
Anthony Bandmann, CSO of Volkswagen Financial Services AG explains: “By merging Logpay Transport with Elli’s MSP and fleet activities, we are bringing together what naturally belongs together. This strengthens the crucial business of charging and fueling cards within the Volkswagen Group, reduces redundancies, and allows us to offer our customers everything from a single source in the future.”
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