AutoFleet
Optimization Platform for Fleets
Company Overview
Snapshot
Founded in December 2017 by Kobi Eisenberg, Dor Shay, and Avi Hauben, AutoFleet operates with 51–200 employees. The company raised $29.5 million across 3 funding rounds from 8 investors. AutoFleet was acquired by Element Fleet Management in August 2024.
Business overview
AutoFleet provides solutions to optimize operations for fleets and mobility operators, enhancing existing services and enabling new on-demand passenger and logistics offerings. Its platform helps fleets maximize utilization and revenues, reduce downtime, and introduce new mobility services. Operating globally, AutoFleet serves various verticals including taxis, rideshares, delivery services, shared mobility operators, rentals, and OEMs, with a focus on facilitating sustainable electric vehicle transportation.
Strategic signal
In August 2024, AutoFleet was acquired by Element Fleet Management in a $110 million deal. This acquisition signifies a major strategic exit for AutoFleet, validating its technology and market position within the fleet optimization and mobility sectors. For Element Fleet Management, it represents a significant expansion of its capabilities, particularly in integrating advanced optimization solutions and potentially accelerating fleet electrification efforts.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant corporate event for AutoFleet?
- AutoFleet was acquired by Element Fleet Management in August 2024 for $110 million, marking a significant exit for the company.
- Which companies has AutoFleet partnered with recently?
- In November 2023, zTrip and AutoFleet partnered to optimize and streamline NEMT and student transportation services. In May 2022, Scania partnered with AutoFleet to plan the transition to electric vehicles.
- What is AutoFleet's contribution to climate technology?
- AutoFleet contributes to fleet electrification by providing tools that facilitate sustainable electric vehicle transportation, assisting fleets and operators in optimizing new mobility services with an emphasis on sustainability.
- What was a notable product launch by AutoFleet?
- In December 2022, AutoFleet launched its first self-serve electrification simulator, designed to help fleets transition to electric vehicles.