Company Overview
Snapshot
Founded in March 2004 by Hod Freishman and Ofer Raz, GreenRoad Technologies operates with 51–200 employees. The company has raised a total of $98.9M across 7 funding rounds from 7 investors. In July 2021, the company announced plans for a TASE IPO, signaling a potential shift in its capital structure and market presence.
Business overview
GreenRoad Technologies provides fleet management solutions with a strong emphasis on driver safety for commercial fleets. Its core technology offers real-time driver coaching and alerts for risky driving maneuvers, alongside predictive driver and vehicle analytics. The company serves various industries globally, including mobile workforce, oil and gas, and public utilities, operating within the Automotive & Mobility Technologies sector with a focus on connected vehicles, smart mobility, and insurtech.
Strategic signal
In July 2021, GreenRoad Technologies announced its intention to pursue an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE). This move indicates a strategic pivot towards public markets, aiming to secure further capital for growth and expansion. For investors, this signals a potential liquidity event and a validation of the company's mature stage and market position in the fleet management and driver safety sector.
Log in to access full profile ›Company Intelligence Q&A
- What is GreenRoad Technologies' primary focus?
- GreenRoad Technologies primarily focuses on providing fleet management solutions with a strong emphasis on driver safety for commercial fleets, aiming to reduce incidents, fuel consumption, and maintenance expenses.
- When was GreenRoad Technologies founded and by whom?
- GreenRoad Technologies was founded in March 2004 by Hod Freishman and Ofer Raz.
- What significant corporate development did GreenRoad Technologies announce in July 2021?
- In July 2021, GreenRoad Insights announced its plans for an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange.
- Which companies has GreenRoad Technologies partnered with recently?
- In September 2020, GreenRoad Technologies partnered with insurance software company Sapiens. In January 2020, GreenRoad also partnered with Otonomo to help fleets reduce road risk.
- Which investors participated in GreenRoad Technologies' funding rounds?
- GreenRoad Technologies has received funding from investors including IGP - Israel Growth Partners.