3 SaaS Startups in the Fleet Management Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Fleet Management industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in the Fleet Management industry.

LocoNav

Using a single platform to oversee and manage fleet operations, LocoNav is a supplier of online fleet management software. With the use of its software, vehicle owners, companies, and carriers may increase security, streamline operations, and cut expenses by tracking a vehicle's speed, direction, and smart alerts. The business was established in 2015, and its main office is in San Francisco, California.

Company details:
Founders:
Shridhar Gupta, Vidit Jain
Founded:
2016
Based in:
San Francisco, California, United States
Website:
LocoNav
Industries:
Fleet Management, SaaS, Software, Software Engineering
Latest funding:
$37,000,000
Series B
29 June 2021
Total funding:
$44,420,000
Investors
Sequoia Capital, Village Global, Anthemis Group, Foundamental, Sequoia Capital India

Stratio

Stratio is the World’s Leading Real-time Predictive Fleet Maintenance Platform. The company’s proprietary technology combines large-scale processing with the latest machine learning techniques to prevent hundreds of thousands of breakdowns from happening every day, thus saving millions of people from the hassle of public transportation delays, postponed deliveries, or late arrival of essential goods. Stratio’s platform enables zero downtime for 5 of the 10 largest transportation companies in the world. Fleet operators in Europe, North America, Asia-pacific, and Latin America trust Stratio’s technology to fully leverage the data under the hood to safeguard operations, and keep customers happy. Stratio’s technology has enabled transportation for 1.3 billion people so far.

Company details:
Founders:
Ricardo Margalho, Rui Sales
Founded:
2017
Based in:
Lisbon, Lisboa, Portugal
Website:
Stratio
Industries:
Artificial Intelligence, Automotive, Big Data, Fleet Management, Logistics, Machine Learning, SaaS, Transportation
Latest funding:
$12,000,000
Series A
29 November 2021
Total funding:
$15,365,459
Investors
LocalGlobe, Crane Venture Partners, Forestay Capital

Whip Around

Whip Around creates and develops solutions to reduce the burden of paper-based compliance for a range of transport businesses in the US and abroad. Manage your fleet's compliance, preventative maintenance, repair orders, reports, and more effortlessly! Make effective checklists for your resources. Utilize the Whip Around mobile app to have your drivers conduct inspections at any time, anywhere. Receive notifications right away, examine information from the management dashboard, and manage defects without difficulty. Come see why Whip Around is beloved by more than 85,000 individuals worldwide. Whip Around 7-day free trial available!

Company details:
Founders:
James Colley, Tim Boyle
Founded:
2016
Based in:
Charlotte, North Carolina, United States
Website:
Whip Around
Industries:
Compliance, Fleet Management, Mobile Apps, SaaS, Software
Latest funding:
$14,000,000
Series B
16 December 2021
Total funding:
$19,285,929
Investors
Amplo, Punakaiki Fund, Mark Hurley, Fantail Ventures

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