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, enabling the enhancement of existing services and the initiation of new on-demand passenger and logistics services. 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, contributing to fleet electrification by facilitating sustainable electric vehicle transportation.
Strategic signal
In August 2024, AutoFleet was acquired by Element Fleet Management in a deal valued at $110 million. This acquisition signals a significant consolidation in the fleet optimization and mobility technology sector, validating AutoFleet's solutions for enhancing existing operations and enabling new on-demand passenger and logistics services. For investors, this demonstrates a clear exit strategy and the growing value placed on advanced fleet management platforms within the automotive and mobility technologies market.
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.