About Auto Fleet
Auto Fleet is a company based in Israel founded in 2017 by Dor Shay was acquired by Element in August 2024.. Auto Fleet has raised $29.5 million across 3 funding rounds from investors including Element Fleet, Fujitsu and Keyframe. Auto Fleet offers products and services including Ride Services, Fleet Operations, Fleet Planning Simulator, and Fleet Electrification.
- Headquarter Israel
- Founders Dor Shay
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Oct 28, 2021
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Investors
Element Fleet
& 7 more
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Employee Count
Employee Count
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Acquired by
Element
(Aug 14, 2024)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 3
- Last Round Series B — $20.0M
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First Round
First Round
(01 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Auto Fleet | Valuation | Keyframe | |
| Apr, 2020 | Amount | Series A - Auto Fleet | Valuation | MizMaa | |
| Apr, 2018 | Amount | Seed - Auto Fleet | Valuation | Maniv Mobility |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital investments in Israeli deep-technology startups are made.
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Founded Year | Domain | Location | |
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Early-stage tech and offline focused VC firm investing in Israel and the US
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Founded Year | Domain | Location | |
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Early-stage mobility ventures are supported by Next Gear Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Auto Fleet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Auto Fleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Auto Fleet Comparisons
Competitors of Auto Fleet
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Auto Fleet
Frequently Asked Questions about Auto Fleet
When was Auto Fleet founded?
Auto Fleet was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Auto Fleet located?
Auto Fleet is headquartered in Israel.
Is Auto Fleet a funded company?
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 01, 2018.
What does Auto Fleet do?
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.
What products or services does Auto Fleet offer?
Auto Fleet offers Ride Services, Fleet Operations, Fleet Planning Simulator, and Fleet Electrification.
Who are Auto Fleet's investors?
Auto Fleet has 8 investors. Key investors include Element Fleet, Fujitsu, Keyframe, MizMaa Ventures, and Maniv Mobility.
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