Autofleet is a technology company.
Autofleet has raised $26.0M across 2 funding rounds.
Autofleet has raised $26.0M in total across 2 funding rounds.
Autofleet has raised $26.0M in total across 2 funding rounds.
Autofleet's investors include 10D, BITKRAFT Ventures, Boost Capital Partners, foobar.vc, Lorie&co, MizMaa Ventures, Partech Ventures, Qualcomm Ventures, TPY Capital, Vertex Ventures, Viola Ventures.
Autofleet is a Tel Aviv-based technology company founded in 2018 that builds an end-to-end software platform for optimizing fleets and mobility operators in the transportation services industry.[1][2][3] It serves sectors including postal and logistics, rental and car sharing, autonomous mobility, field service routing, taxi and rideshare, non-emergency medical transportation, and micromobility, solving problems like inefficient operations, high downtime, unreliable ETAs, and sustainability challenges through AI-driven automation, ride optimization, fleet lifecycle management, and planning simulations.[1][2][3] The platform boosts completed rides, utilization, revenues, and emissions reductions while maintaining enterprise-grade security (GDPR, ISO 27001), scalability, and 99.99% uptime.[3] Acquired by Element Fleet Management in August 2024, Autofleet now operates as an independent subsidiary, leveraging Element's global scale to accelerate growth in sustainable mobility.[1][2][4]
Autofleet emerged in 2018 in Tel Aviv, Israel, amid rising demand for intelligent mobility solutions in evolving transportation services.[1][2] While specific founders are not detailed in available sources, the company quickly gained traction by addressing fleet operators' pain points with AI-powered optimization, earning trust across five continents for reliable, sustainable operations.[2][3] A pivotal moment came in August 2024 with its acquisition by Element Fleet Management, the world's largest publicly traded pure-play automotive fleet manager (TSX: EFN), enabling Autofleet to combine its tech with Element's resources for faster innovation without disrupting its independent focus on mobility verticals.[1][2][4]
Autofleet rides the wave of intelligent mobility and electrification, capitalizing on post-pandemic demand for efficient, sustainable fleets amid urbanization, e-commerce growth, and regulatory pushes for lower emissions.[2][3][4] Timing is ideal as cities demand optimized rideshare and logistics now, where legacy systems falter; market forces like EV adoption, AI advancements, and supply chain pressures favor its simulator and automation tools.[3] It influences the ecosystem by partnering with operators for data-driven decisions, accelerating Element's digitization, and setting benchmarks for scalable, green fleet tech—bridging startups' innovation with enterprise scale.[2][4]
Autofleet is poised for explosive growth as Element's tech arm, prioritizing EV optimization, global expansion, and new verticals like autonomous and micromobility.[4] Trends like AI predictive analytics, stricter sustainability mandates, and multimodal transport will propel it, evolving its role from optimizer to industry standard-setter. With its acquisition-fueled momentum, Autofleet exemplifies how targeted tech platforms transform fleets from cost centers to agile, planet-positive assets—proving smarter operations unlock sustainable scale in mobility's next era.[2][3][4]
Autofleet has raised $26.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in October 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2021 | $20.0M Series B | 10D, BITKRAFT Ventures, Boost Capital Partners, foobar.vc, Lorie&co, MizMaa Ventures, Partech Ventures, Qualcomm Ventures, TPY Capital, Vertex Ventures, Viola Ventures | |
| Apr 1, 2020 | $6.0M Series A | 10D, BITKRAFT Ventures, Boost Capital Partners, foobar.vc, Lorie&co, MizMaa Ventures, Partech Ventures, Qualcomm Ventures, TPY Capital, Vertex Ventures, Viola Ventures |