fleetx.io

fleetx.io is a technology company.

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Updated: Jan 22, 2026 ·

Recent News & Mentions

May 1, 2025Fundingfleetx.io - Series C Feb 1, 2022Fundingfleetx.io - Series B Oct 1, 2020Fundingfleetx.io - Series B Feb 1, 2020Fundingfleetx.io - Series A Feb 1, 2019Fundingfleetx.io - Seed

Financial History

fleetx.io has raised $38.8M across 5 funding rounds. Most recently, it raised $13.0M Series C in May 2025.

Total Raised

$38.8M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
May 1, 2025	$13.0M Series C	BEENEXT, Intudo Ventures, MYASIAVC PTE LTD, Rajesh Ranavat
Feb 1, 2022	$19.0M Series B	BEENEXT, MYASIAVC PTE LTD, Rajesh Ranavat
Oct 1, 2020	$3.0M Series B	BEENEXT, MYASIAVC PTE LTD, Rajesh Ranavat
Feb 1, 2020	$3.0M Series A	BEENEXT, MYASIAVC PTE LTD, Rajesh Ranavat
Feb 1, 2019	$750K Seed	2050 Capital, Accel, Addition, Angular Ventures, Boldstart Ventures, Cedar Capital Group, Tom Hulme, Heavybit, Inba Shenfeld holdings, MYASIAVC PTE LTD, Alex Kayyal, Ameet Patel

Financial History

fleetx.io has raised $38.8M across 5 funding rounds.

Total Raised

$38.8M

Valuation

N/A

Deep Dive

High-Level Overview

Fleetx.io is an AI-powered fleet and logistics management software platform that digitizes operations using IoT, big data, and AI to optimize efficiency, safety, and costs for businesses.[1][2] It serves sectors like construction, passenger transit, e-commerce logistics, and cold chain, offering tools such as fleet management systems, transportation ERP, predictive maintenance, fuel management, and video telematics to provide real-time visibility, actionable insights, and workflow automation.[1][2][3] The platform helps fleet owners make smart decisions through features like route optimization (Fleetx Drive), asset management (Fleetx Easy), tracking dashboards (Fleetx Pulse), and expense tracking (Fleetx Finance), driving impact such as 20-39% improvements in visibility, deliveries, and turnaround times for customers like Shivani Carriers and Star Cement.[3][4]

Origin Story

Fleetx was founded in 2017 in Gurugram (Haryana), India, by a team including Sachin Jain of JCCI Logistics, motivated by the logistics industry's reliance on traditional methods and lack of technology penetration.[2][4] The idea emerged from network discussions highlighting huge problems in fleet and logistics operations, leading to a startup five years prior to their profile document (aligning with ~2017-2018 origins) aimed at building tech solutions for end-to-end digitization.[4] Early traction came from partnering with India's largest organizations, delivering quick wins like real-time tracking and customization, with PAN India support and case studies showing rapid efficiency gains for clients in cement, carriers, and transport.[1][4]

Core Differentiators

AI & IoT Integration: Combines IoT sensors, big data, machine learning, and predictive analytics for real-time insights, vehicle health alerts, risky delivery detection, and proactive maintenance, outperforming traditional systems.[1][2][6]
Unified Platform & Workflows: All-in-one system for multi-modal transport ERP, consignment management, fuel/tyre monitoring, driver settlements, and video telematics, with cloud-to-cloud connectivity to OEMs and third-party GPS providers for seamless data leverage.[1][5]
User Experience & Analytics: Intuitive dashboards, deviation alerts, multiple route planning, driver behavior monitoring, Fast Tag/Vaahan integration, and daily MIS reports reduce manual work and enhance decision-making.[3][6]
Proven Impact & Security: Enterprise-grade with international certifications, trusted by major firms for 20-39% operational gains; customer-first approach includes on-ground support and custom software.[1][4][6]

Role in the Broader Tech Landscape

Fleetx rides the supply chain & logistics tech wave, part of a 4,820-company ecosystem addressing trucking, last-mile, and inventory challenges amid auto tech trends like vehicle connectivity and software-defined operations.[2] Timing aligns with India's logistics digitization push, where IoT/AI penetration is low but demand surges from e-commerce growth, cold chain needs, and regulatory tools like e-Way bills.[1][4] Market forces favoring it include rising fuel costs, safety regulations, and multimodal transport complexity, positioning Fleetx to influence the ecosystem via OEM integrations and tools like Fleetx Academy for certified professionals, competing with players like Shipsy and Freight Tiger while expanding real-time visibility PAN India.[2][5]

Quick Take & Future Outlook

Fleetx is poised for accelerated growth through deeper AI-driven predictive features, expanded video telematics, and global OEM partnerships, capitalizing on logistics' tech adoption boom.[1][5] Trends like sustainable fleets, autonomous trucking integration, and AI-optimized supply chains will shape its path, potentially evolving it into a dominant player influencing India's $200B+ logistics market via ecosystem-wide standards in safety and efficiency.[2][6] This builds on its foundational mission to tech-transform a fragmented industry, delivering sustained value from real-time insights to cost mastery.

Sources

Frequently Asked Questions

How much funding has fleetx.io raised?

fleetx.io has raised $38.8M in total across 5 funding rounds.

Who are fleetx.io's investors?

fleetx.io's investors include BEENEXT, Intudo Ventures, MYASIAVC PTE LTD, Rajesh Ranavat, 2050 Capital, Accel, Addition, Angular Ventures, Boldstart Ventures, Cedar Capital Group, Tom Hulme, Heavybit.