
Vontier Accelerates Global Rollout of Konect™ EV Charging Solution
Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies for the mobility ecosystem, is fast-tracking the global launch of its Konect electric vehicle (EV) charging solution. Designed to empower convenience store owners to tap into the growing demand for EV charging, Konect offers a comprehensive, end-to-end solution that manages every aspect of EV charging—from site selection and grant applications to installation and ongoing technical support.
“No one is better positioned than convenience stores to meet the demand for charging infrastructure, and with the breadth of our mobility solutions, no one is better positioned than us to be the trusted partner to these companies,” said Mark Morelli, President and CEO of Vontier.
New Opportunities for Fuel Retailers
The EV market is surging, with global EV sales expected to surpass 11 million units in 2024—a 15% increase from the previous year—and potentially double by the end of the decade, according to Bloomberg New Energy Finance (BNEF). This trend presents a compelling investment opportunity for charging solutions and offers fuel retailers a chance to diversify their offerings.
Convenience stores are uniquely positioned to support EV drivers by providing prime locations along major routes and appealing amenities while drivers charge, including fresh food, refreshments, clean restrooms, WiFi, and secure, well-lit facilities.
Comprehensive, Scalable Solutions
Launched in May 2024, Konect enables convenience stores to deploy EV chargers and future-proof their operations with a new, profitable revenue stream that complements existing services. The solution simplifies deployment, maximizes uptime, and enhances return on investment (ROI), making it easy for fuel retailers to adapt to the growing number of EV drivers with a robust and user-friendly charging infrastructure.
Konect integrates technology from multiple Vontier businesses, including Gilbarco Veeder-Root (GVR), a leader in retail and commercial fueling technology; Invenco by GVR, known for its payment and point-of-sale solutions; and EV charging software leader Driivz, which manages over 100,000 chargers worldwide for major industry players such as EVgo, Shell, Circle K, Volvo Group, Mer, and Recharge.
Strategically Positioned for Growth
While initially focusing on North America and Europe, Vontier and GVR are exploring additional markets as interest in EV charging solutions expands.
“At Konect, our guiding principle is ‘easy, seamless, and profitable,’ and we are committed to enhancing our customers’ bottom line through EV charging solutions,” said Om Shankar, General Manager & Vice President of Konect. “The response has been overwhelmingly positive, with fuel retailers seeking a trusted and experienced partner. We are building a strong sales pipeline with major fuel retailers and fleet operators across Europe and North America, with exciting announcements on the horizon.”
About Vontier
Vontier (NYSE: VNT) is a global industrial technology company that integrates productivity, automation, and multi-energy technologies to meet the needs of a rapidly evolving mobility ecosystem. Leveraging market leadership, extensive expertise, and a broad portfolio, Vontier delivers smart, safe, and sustainable solutions for customers worldwide. With a culture of continuous improvement and innovation, Vontier is committed to advancing global mobility and sustainability.