WEX has added more than 20,000 Tesla Superchargers to its EV Driver by WEX app, covering over 1,500 European locations. The move gives fleet operators access to Tesla’s high‑density network, which offers charging speeds up to 250 kW and is open to both Tesla and non‑Tesla vehicles, increasing high‑power station availability by 10 % for WEX customers.
The expansion comes on the heels of a strong Q3 2025 earnings report in which WEX generated $691.8 million in revenue, up 3.9 % year‑over‑year, and reported an adjusted net income of $159.7 million, a 5.5 % increase. Adjusted EPS rose to $3.95, up 1 % from the prior quarter, reflecting disciplined cost management amid a modest revenue uptick.
By integrating Tesla’s network, WEX broadens its charging portfolio and positions itself as a one‑stop solution for commercial fleets transitioning to electric vehicles. The partnership is expected to drive incremental revenue from charging services and data analytics, as the EV Driver app will collect usage data across a larger network, creating new monetization opportunities and strengthening customer retention.
WEX’s existing EV solutions—such as En Route and At‑Home—have already secured a foothold in key European markets. The Tesla integration complements these offerings by adding a globally recognized brand and a dense network of fast chargers, giving WEX a competitive edge over other fleet‑card providers that rely on smaller, fragmented networks. Current app usage stands at over 30,000 active fleet accounts, and the addition of Tesla chargers is projected to increase app engagement by an estimated 15 % in the next 12 months.
CEO Melissa Smith highlighted the expansion as a “turning point” for WEX’s Mobility segment, noting that the company is “accelerating innovation and expanding reach” in the EV space. She emphasized that the partnership aligns with WEX’s strategy to deliver integrated payment and charging solutions, reinforcing the company’s confidence in sustaining growth and maintaining attractive margins in a rapidly electrifying market.
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