AutoFleet News
14 articlesAutofleet Offices - Tel Aviv | Office Snapshots
Growth-Positive
Element acquires Autofleet in $110 million deal | CTech
Israeli startup Autofleet is being acquired by Canadas Element Fleet Management for $110 million. Autofleet, which has raised $28 million to date, offers a turn-key solution that helps businesses launch, manage, and scale sustainable fleet operations globally. The company will continue to operate independently post-acquisition and develop its optimization platform for fleets and mobility operators. Its AI-powered platform streamlines and automates operations across industries, maximizing efficiency and customer experience.
AcquisitionInvestment
growth-positive
Navigating the Future of Mobility in 2024
The transportation sector is undergoing significant changes, with trends such as electrification and autonomous vehicles shaping the future. Electric vehicles (EVs) are nearing a tipping point of becoming an early-majority technology, despite challenges such as charging infrastructure and vehicle resale values. Autonomous vehicles (AVs) have also made significant progress, with Waymo and Cruise receiving licenses to run taxi services in San Francisco. Uber has also partnered with more taxi companies following a successful pilot in New York and San Francisco. Other trends include the growth of the rental, leasing, and car-sharing sectors, and innovations in last-mile delivery and courier services.
PartnersExpand
growth-positive
zTrip and Autofleet partner to optimize and streamline NEMT and student transportation services
Autofleet, a leading optimization solution for taxi and NEMT services, has partnered with zTrip, the largest taxi fleet operator in the US, to launch an optimized student transportation, NEMT and contract rides service. The service is powered by Autofleets SaaS platform, which uses advanced planning and real-time re-optimization technology to create efficient plans and adapt to real-time traffic and other operational challenges. The platform also provides transparency and control to passengers, drivers and dispatchers, including highly accurate ETAs, live tracking, safe communication between drivers and passengers, and real-time operation management.
Partners
growth-positive
Autofleet to provide an end-to-end NEMT solution that solves three of the industry's most pressing problems with new Kinetik integration
Autofleet, a taxi and NEMT services optimization solution, and Kinetik, a healthcare technology company, have announced a partnership to address transparency, operational inefficiencies, and service level expectations in the Non-Emergency Medical Transportation (NEMT) sector. The partnership will provide a fully automated, interoperable solution that adapts to real-time traffic and other operational challenges, while providing transparency and control through a robust billing platform. This is expected to bring transformative changes to the industry.
Partners
growth-positive
Innovative research from Autofleet and Fujitsu
Autofleets simulation technology has been used in collaboration with Fujitsu to optimize EV charging and reduce CO2 emissions by 15%. The collaboration is part of the World Business Council for Sustainable Development initiative. By combining data on EVs with data on carbon intensity, the carbon footprint of EVs can be reduced. Autofleet plans to continue working with partners to transition to electric fleets globally.
Partners
How Fleet Optimization Drives Higher ROI in Transition to EVs
growth-positive
Autofleet Launches First Self-Serve Electrification Simulator
Autofleet has introduced a new self-serve Fleet Planning Simulator that helps in accurately planning the deployment of Electric Vehicles (EVs) and the build-out of charging infrastructure. The cloud-based tool allows operators to simulate the addition of EVs into existing or new operations, optimize vehicle range, plan charging infrastructure, and run a total cost of ownership analysis. The simulator uses fleet data and real-world data to produce accurate results and recommendations. The tool is being used by fleets and mobility operators, OEMs, leasing companies, charging point operators, and city and municipal transportation planners. TeraWatt Infrastructure, a provider of charging solutions, has adopted the tool to assist in designing and operating electric vehicle charging hubs for fleet operations.
Partners
growth-positive
Scania partners with Auotfleet to plan the transition to electric vehicles
Scania is working on three new Combient Foundry start-up projects to accelerate customers electrification journeys. The projects aim to prepare trucking companies and fleet owners for the transition to electrification. Scania values cross-industry partnerships and is involved in Combient Foundry, a venture client initiative that connects large industrial companies with start-ups for potential collaboration. The projects are funded by Vinnova and are expected to deliver results later in the year. Scania believes that the timetable for electrification will be quicker than anticipated, even in the heavy vehicle sector.
PartnersCustomers
growth-positive
AutoFleet raises $20 million Series B for AI-based fleet management platform
Israeli startup AutoFleet has closed a $20 million Series B round of funding led by KeyFrame Capital. The funding round also included investments from Fujitsu Ventures Fund LLC and The Goodyear Tire & Rubber Company. AutoFleet, founded in 2018, offers an optimization platform for fleet owners and operators. The platform leverages advanced machine-learning models for real-time demand prediction, automated maintenance tasks, optimized dispatching and routing, and dynamic pricing. AutoFleet has scaled its operations in over 12 countries and has partnered with fleets in various verticals, including Rental, Car Sharing, Ride Sharing, Taxi, Logistics, and Micro Mobility. The company has demonstrated significant improvements in key performance indicators for its fleet partners.
Investment
growth-positive
Revel and Autofleet partner on All-Electric, All-Employee NYC Rideshare Service
Autofleet has announced a partnership with Revel to launch a new rideshare service in New York City. The service will utilize an all-electric fleet of Teslas and will be available for pickups and dropoffs below 42nd Street. Revels rideshare program, operated by hired drivers on Autofleets platform, will open to the public in late May 2021. Autofleets Vehicle-as-a-Service platform optimizes charging times, routes, and vehicle placement through AI-powered demand prediction, providing greater efficiency and performance. The platform is also integrated with Tesla, allowing for data extraction, route sending, and door control. This partnership aligns with Autofleets vision for the future of mobility and supports sustainable rideshare services in cities.
Partners
growth-positive
Enter Agreement with Autofleet to Expand MaaS
ABeam Consulting and Autofleet have entered into a business collaboration to expand Mobility-as-a-Service (MaaS) in the Asia-Pacific region. The collaboration aims to support companies in launching and expanding MaaS businesses, such as ride-hailing and car-sharing, in order to address social issues like traffic congestion and environmental problems. Autofleet, an AI-based fleet optimization platform, will provide its technology and expertise to optimize vehicle dispatch assignments, routes, and fares based on demand forecasting. ABeam Consulting, a consulting firm, will apply its knowledge and experience to help clients create new business operations in the MaaS field. The partnership will begin operations in Japan and Southeast Asia, targeting taxi, car rental, car share, leasing, and other fleet-based service providers, as well as local governments considering new mobility services.
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growth-positive
Israeli AI fleet optimization co Autofleet raises $7.5m
Israeli AI-powered fleet optimization and vehicle-as-a-service solutions company, Autofleet, has completed a $7.5 million combined Series A and seed financing round. The funding will be used to automate fleet management for rental car companies, car sharing operators, and car manufacturers. Autofleet has already partnered with global fleets and manufacturers such as Avis Budget Group, Zipcar, Keolis, and Suzuki. The companys platform leverages AI-based demand prediction and advanced rebalancing algorithms to centrally manage the fleet, optimizing utilization of traditional fleet assets. Autofleet also provides a Ride & Vehicle simulator to enable operators to plan and de-risk potential fleet deployments. The goal is to help fleet owners transition to becoming mobility service providers.
Partners
growth-positive
Autofleet nominated for the Smart Mobility Start-Up of the Year
Autofleet has created Vehicle as a Service (VaaS) to maximize fleet utilisation rate. The service allows unused cars from rental companies or corporate fleets to be offered to ride-share operators. Autofleet supports fleet owners with planning, optimization, and launching new business models. The service will be available in the UK, Germany, and France by the end of 2019.
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