About AxleRate
AxleRate is a company based in Singapore (Singapore) founded in 2011. AxleRate has raised $710 thousand across 2 funding rounds from investors including Eight Mercatus and National Research Foundation. The company has 15 employees. AxleRate offers products and services including AxleTags, AxleCards, AxleDrive, AxlePay, and AxleFinance. AxleRate operates in a competitive market with competitors including Samsara, Spireon, Platform Science, Wright Express and Radius, among others.
- Headquarter Singapore, Singapore
- Employees 15
- SectorsTransportation, Automotive & Logistics
- Website axlerate.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Axlerate Futuretech Private Limited
- Date of Incorporation 24 Jun, 2022
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.06 Cr
FY 2024 · +454% YoY
- EBITDA₹16,432
FY 2024 · 0% margin
- Total Equity Funding$710K (USD)
in 2 rounds
- Latest Funding Round$710K (USD), Angel Round
Oct 2015
- InvestorsEight Mercatus
& 1 more
- Employee Count15
Associated legal entities of AxleRate
AxleRate operates through Axlerate Futuretech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Axlerate Futuretech Private Limited CIN U66220TN2022PTC153344 | Active | 24 Jun 2022 | Chennai, Tamil Nadu | ₹1.1 Cr | 15 | 3 | View details |
Products & Services of AxleRate
AxleRate offers a comprehensive portfolio of products and services, including AxleTags, AxleCards, AxleDrive, AxlePay, and AxleFinance.
FASTags for commercial vehicles with tracking and cashback features.
Prepaid and fuel cards for fleet expense control and real-time tracking.
GPS devices and software for vehicle tracking and analytics.
Unified system for logistics payments via QR codes and links.
Escrow and loan services for secure commercial transactions.
Online platform for truck and load listings with tracking options.
Platform to buy and sell vehicle spare parts with payment tracking.
Apps and channels of AxleRate
AxleRate publishes 1 mobile app with over 1K+ downloads.
Funding Insights of AxleRate
AxleRate has successfully raised a total of $710K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $710 thousand completed in October 2015. 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 $710,000
- Total Rounds 2
- Last Round Angel Round — $710,000
- Investors Count 2
All 2 funding rounds of AxleRate 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 2015 | $710,000 | Angel Round | – | – | |
| Jan 2012 | – | Seed | – | – |
2 investors in total: 2 institutional.
Investors in AxleRate
AxleRate has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Eight Mercatus and National Research Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Innovation advisory and incubation services are provided to startup businesses. | – | eightmercatus.com | Singapore, Singapore | |
Research and Development Department for the Singapore Government | – | nrf.gov.sg | Singapore, Singapore |
Investor details for AxleRate
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.
Board of directors of Axlerate Futuretech Private Limited (AxleRate)
Axlerate Futuretech Private Limited is the primary company behind AxleRate. The board of Axlerate Futuretech Private Limited currently have 3 directors; the longest-serving is Solomon Ashok John Natesan, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Solomon Ashok John Natesan DIN 05144420 | Director | 24 Jun 2022 | 4 yrs 3 mo | Axlerate Futuretech Private Limited |
| Giftson Selladurai DIN 07657156 | Director | 24 Jun 2022 | 4 yrs 3 mo | Axlerate Futuretech Private Limited |
| Samson Selladurai Selvan Rajadurai DIN 02711135 | Director | 24 Jun 2022 | 4 yrs 3 mo | Axlerate Futuretech Private Limited |
Financials of AxleRate
Figures of Axlerate Futuretech Private Limited, the primary company behind AxleRate, for FY 2024. Revenue was ₹1.06 Cr (+454% year on year). EBITDA was ₹16,432 (0% margin).
- ₹1.06 CrRevenue · FY 2024 · +454% YoY
- ₹16,432EBITDA · 0% margin
- ₹66.4 LakhPaid-up capital
- 15Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Axlerate Futuretech Private Limited are on its company page.
Detailed financial statements for AxleRate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AxleRate
3 dated milestones of AxleRate across 4 years, from founding to its latest funding, stage changes and deals.
- Founded AxleRate is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $710K.
Competitors of AxleRate
AxleRate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Samsara, Spireon, Platform Science, Wright Express and Radius, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| samsara.com | 2015 | San Francisco, United States | $915M | 2,895 | AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | |
| spireon.com | 2003 | Knoxville, United States | $7.71M | 364 | SaaS-enabled solutions for fleet and field service management are offered. | |
| platformscience.com | 2014 | San Diego, United States | $293.07M | 226 | Provider of integrated solutions for fleet management | |
| wexinc.com | 1983 | Portland, United States | – | 6,123 | Employee benefit administration and payment solutions are provided for enterprises. | |
| radius.com | 1990 | San Francisco, United States | $332.76M | – | Predictive marketing and sales platform | |
| omnitracs.com | 1985 | Dallas, United States | – | 999 | Cloud-based fleet management solutions are provided for transportation operations. | |
| equipmentshare.com | 2014 | Columbia, United States | $806.48M | 2,377 | Equipment rental marketplace and digital tools for construction are offered. | |
| fleetmatics.com | 2003 | Waltham, United States | $108M | 779 | Fleet management solutions are provided for tracking and optimization needs. | |
| fleetcomplete.com | 1998 | Toronto, Canada | – | 423 | Fleet, asset, and mobile workforce management solutions are provided. | |
| comdata.com | 1969 | Brentwood, United States | – | – | Fleet management and payment processing solutions are provided. |
Detailed competitors of AxleRate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AxleRate
The website of AxleRate (axlerate.com) receives about 2K visits a month.
- Monthly visits2K
▼ 17.5% vs previous month
Websites whose visitors overlap most with AxleRate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
 grantivens.wordpress.com | grantivens.wordpress.com | 100% | – | – | – |
| letsverify.tech | 94% | 1.7K | #9,299,167 | View details | |
pradhanmantriyojana.co.in | pradhanmantriyojana.co.in | 93% | – | – | – |
potools.blog | potools.blog | 93% | – | #12,261,003 | – |
techmasaala.com | techmasaala.com | 71% | – | #3,153,745 | – |
Similar companies to AxleRate
10 companies that operate in the same segment as AxleRate (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about AxleRate
AxleRate was founded in 2011 and raised its 1st funding round 1 year after it was founded.
AxleRate is headquartered in Singapore, Singapore.
AxleRate is a funded company, having raised a total of $710K across 2 funding rounds to date.
AxleRate has 15 employees.
The primary company behind AxleRate, Axlerate Futuretech Private Limited, reported revenue of ₹1.06 Cr for FY 2024, up 454% year on year.
AxleRate was founded in 2011 in Singapore and operates within the transport sector. A cloud-based application is provided, featuring fare calculation, GPS tracking, communication, navigation, fleet management, and customer engagement tools. Security features are included, with delivery occurring via permanently installed in-vehicle display devices. Operations focus on integrated solutions for industry efficiency.
AxleRate's top competitors include Samsara, Wright Express and Radius.
AxleRate offers AxleTags, AxleCards, AxleDrive, AxlePay, and 3 more products and services.
AxleRate has 2 investors. Key investors include Eight Mercatus, and National Research Foundation.
AxleRate operates through Axlerate Futuretech Private Limited.
The legal entities of AxleRate currently have 3 directors, including Solomon Ashok John Natesan, Giftson Selladurai, Samson Selladurai Selvan Rajadurai.
Yes. AxleRate publishes Axlerate, with over 1,000 downloads.