About Auto Fleet
Auto Fleet is a Transportation, Automotive & Logistics company based in Israel founded in 2017 by Dor Shay, and was acquired by Element in August 2024. AI-enabled solutions for fleet utilization and management are offered. Auto Fleet has raised $29.5 million across 3 funding rounds from investors including Element Fleet, Fujitsu and Keyframe. Its website autofleet.io draws about 25 thousand monthly visits. Auto Fleet offers products and services including Ride Services, Fleet Operations, Fleet Planning Simulator, and Fleet Electrification. Its focus areas include Consumer, Road Transport Tech, Fleet Management and Fleet Utilization.
Company details
Founded in 2017 in Israel, Auto Fleet operates in the mobility sector with AI-driven platforms for fleet optimization. Services include Ride as a Service for leveraging idle vehicles, Vehicle as a Service for automating mobility operations, and Ride Simulator for modeling ride-sharing, delivery, and car-sharing scenarios. Features such as telematics integration and dynamic route planning are integrated to support car-sharing and delivery fleets.
- Headquarters Israel
- Founders Dor Shay
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website autofleet.io
- Social LinkedIn X Facebook
- Acquired by Element (Aug 2024)
- Total Equity Funding$29.5M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series B
Oct 2021
- InvestorsElement Fleet
& 7 more
- Acquired byElement
(Aug 2024)
Products & Services of Auto Fleet
Auto Fleet offers a comprehensive portfolio of products and services, including Ride Services, Fleet Operations, Fleet Planning Simulator, and Fleet Electrification.
Solution for launching sustainable on-demand ride services efficiently.
Automates vehicle lifecycle to reduce downtime and increase revenues.
Designs optimal fleet strategies with predictive operational KPIs.
Optimizes EV charging and analyzes total cost for fleet transitions.
Funding Insights of Auto Fleet
Auto Fleet has successfully raised a total of $29.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $29.5M
- Total Rounds 3
- Last Round Series B — $20M
- First Round $2M
(Apr 2018)
- Investors Count 7
All 3 funding rounds of Auto Fleet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $20M | Series B | – | Keyframe | |
| Apr 2020 | $7.5M | Series A | – | MizMaa | |
| Apr 2018 | $2M | Seed | – | Maniv Mobility | – |
8 investors in total: 8 institutional.
Investors in Auto Fleet
Auto Fleet has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Element Fleet, Fujitsu and Keyframe.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in Israeli deep-technology startups are made. | mizmaa.com | Tel Aviv, Israel | ||
Early-stage tech and offline focused VC firm investing in Israel and the US | maniv.com | Tel Aviv, Israel | ||
Early-stage mobility ventures are supported by Next Gear Ventures. | nextgear.fund | Tel Aviv, Israel | ||
Investments are directed by Goodyear Ventures into mobility technology sectors. | goodyearventures.com | San Francisco, United States | ||
Venture capital firm investing in smart city & mobility sectors | liil.city | Mexico City, Mexico | ||
| keyframecapital.com | ||||
Technology, consulting, and infrastructure services are delivered for business transformation. | 1935 | fujitsu.com | Kawasaki, Japan | |
Fleet management and maintenance services are provided for businesses. | 1946 | elementfleet.com | Baltimore, United States |
Investor details for Auto Fleet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Auto Fleet
34 people are tracked at Auto Fleet (8 in leadership, 3 in board & advisors, 23 in team).
| Name | Role | Group |
|---|---|---|
Dor Shay | Co-Founder & CTO | Leadership |
Nicole Valenzuela | Senior Director Of Enterprise Solutions | Leadership |
Sapir Ashorov | R&d Chief Of Staff & Director Of PM | Leadership |
Adam Simkin | Chief Operating Officer - Emeritus | Leadership |
Akshat Chawla | Vice President (sales) And General Manager (asia Pacific Japan And Middle East) | Leadership |
Itai Cohen | VP Product | Leadership |
Sima Megrel | VP Of Global Marketing | Leadership |
Yoav Ben Arie | VP R&d At Autofleet | Leadership |
Arthur Orduna | Advisor | Board & advisors |
Aaron Applbaum | Director | Board & advisors |
Michael Granoff | Director | Board & advisors |
Anat Dekel | Lead Product Manager - Platform And Telematics | Team |
Hilat Doron | Full Stack Engineer | Team |
Maria Dobrovolskaya | Marketing Designer Lead | Team |
Eitan Schreiber | Data Analyst | Team |
Or Mizrahi | Software Developer | Team |
Guy Sussman | Enterprise Sales Executive | Team |
Ido Paz | Product Design Lead | Team |
Ohad Zeira | Advisor | Team |
Simon Karnis | Data Scientist | Team |
14 more people are available in the full profile.
Complete people profiles for Auto Fleet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Auto Fleet
4 dated milestones of Auto Fleet across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Auto Fleet is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $20.0M.
- Exit Acquired by Element.
Web traffic of Auto Fleet
The website of Auto Fleet (autofleet.io) receives about 24.8K visits a month.
- Monthly visits24.8K
▼ 5.4% vs previous month
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Frequently Asked Questions about Auto Fleet
Auto Fleet was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Auto Fleet is headquartered in Israel.
Auto Fleet is a funded company, having raised a total of $29.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Apr 2018.
Founded in 2017 in Israel, Auto Fleet operates in the mobility sector with AI-driven platforms for fleet optimization. Services include Ride as a Service for leveraging idle vehicles, Vehicle as a Service for automating mobility operations, and Ride Simulator for modeling ride-sharing, delivery, and car-sharing scenarios. Features such as telematics integration and dynamic route planning are integrated to support car-sharing and delivery fleets.
Auto Fleet offers Ride Services, Fleet Operations, Fleet Planning Simulator, and Fleet Electrification.
Auto Fleet has 8 investors. Key investors include Element Fleet, Fujitsu, Keyframe, MizMaa Ventures, and Maniv Mobility.
Yes. Auto Fleet was acquired by Element in August 2024.