About Element Fleet
Element Fleet is a publicly listed company based in Baltimore (United States) founded in 1946. Fleet management and maintenance services are provided for businesses. It operates on a Managed Services and Financing model. Element Fleet has raised $125 million across 4 funding rounds. The company has 2,900 employees. Element Fleet has completed 2 acquisitions, including Auto Fleet and Car IQ. Its website elementfleet.com draws about 72 thousand monthly visits. Element Fleet offers products and services including Fleet Management Solutions, Electric Vehicles Support, and Accident Management. Its focus areas include Transportation, Fleet Management and Commercial Fleet Services. Its legal entity is Element Fleet Management Corp. Its competitors include Fleetmatics, LocoNav and Verizon Connect; 2 of its 3 listed competitors have raised funding.
Company details
Element Fleet is engaged in providing comprehensive fleet management solutions across various industries including construction, energy, healthcare, and transportation. Services are offered to optimize fleet performance, manage costs, and support electrification. Innovative technology and strategic advisory services are utilized to enhance driver productivity and vehicle uptime. Operations span over 55 countries through alliances, catering to diverse fleet types such as heavy trucks and field service fleets.
- Annual Revenue$2.26 B (USD)2.64as on Dec 31, 2025
- Net Profit$284.85 M (USD)-26.46as on Dec 31, 2025
- EBITDA$1.71 B (USD)1.51as on Dec 31, 2025
- Total Equity Funding$125M (USD)
in 4 rounds
- Latest Funding Round$5.94M (USD), Debt – Conventional
Mar 2025
- Employee Count2,900
- Investments & AcquisitionsAuto Fleet
& 1 more
Products & Services of Element Fleet
Element Fleet offers a comprehensive portfolio of products and services, including Fleet Management Solutions, Electric Vehicles Support, and Accident Management.
Comprehensive fleet management is provided for various industries.
Support for electric vehicles is offered to clients.
Accident management services are delivered to fleet operators.
Apps and channels of Element Fleet
Element Fleet publishes 1 mobile app with over 50K+ downloads; its YouTube channel Element Fleet Management has 507 subscribers and 30 videos.
Videos from Element Fleet
The most watched videos on Element Fleet's YouTube channel, Element Fleet Management (507 subscribers). Click a video to play it here.
More on Element Fleet Management.
Funding Insights of Element Fleet
Element Fleet has successfully raised a total of $125M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.94 million completed in March 2025. 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 $125M
- Total Rounds 4
- Last Round Debt – Conventional — $5.94M
- First Round $125M
(Mar 2014)
All 4 funding rounds of Element 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 |
|---|---|---|---|---|---|
| Mar 2025 | $5.94M | Debt – Conventional | – | – | – |
| Jan 2025 | $1.63M | Debt – Conventional | – | – | – |
| Nov 2017 | $1B | Debt – Conventional | – | – | – |
| Mar 2014 | $125M | Series C | – | – | – |
People of Element Fleet
403 people are tracked at Element Fleet (163 in leadership, 9 in board & advisors, 231 in team); the tracked headcount is 2,900.
| Name | Role | Group |
|---|---|---|
Scott MacDonald | Director, Digital & Content Marketing | Leadership |
Ilda Dinis | Chief Cx, Communications & Marketing Officer | Leadership |
Ian Oncea | EVP & Chief Operating Officer | Leadership |
Jeff Jens | Sales Director | Leadership |
Veronica Runyon | Director, Strategic Billing, Accounts Receivable & Collections | Leadership |
Luis Enrique Lucio | HEAD OF Collection AND Credit Recovery | Leadership |
Aditya Panicker | Vice President, Technology Transformation & Operational Excellence | Leadership |
Melinda MacHado | Vice President, Funding | Leadership |
Mark Mahony | Regional Funding Director, Treasury | Leadership |
Kari Hess | Vice President, Finance Shared Services & Technology | Leadership |
Husein Bochor | VP Treasury | Leadership |
Simon Gowdy | Director, Liquidity & Capital Management | Leadership |
Arnold Sebastian | Vice President | Leadership |
Mark Stevens | SVP & Global Head Of Taxation | Leadership |
James Smyrnioudis | Director Property Tax | Leadership |
Evelyne Roy | Svp, Chief Data & Analytics Officer | Leadership |
Steve Jastrow | Vice President Client Advisory & Analytics | Leadership |
Martin Dundas | Senior Director, Global Fp&a Lead (interim Vp) | Leadership |
Geoff Lurz | Vice President, Commercial Leasing | Leadership |
Vijay Pahuja | Director, Transportation | Leadership |
383 more people are available in the full profile.
Complete people profiles for Element Fleet
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IPO & Listings of Element Fleet
Element Fleet is a publicly listed company on the TSX with ticker symbol EFN in Canada, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 Apr 2012
- Listed onOTCMKTS: ELEEF
- Listed entityElement Fleet Management Corporation
- Exchange sectorTransportation
- ISINCA2861812014
- Share price21.61 CAD (+0.75% on the day) · 2026-10-13
- Market capitalisation8,456,420,981.00 CAD
- Price to earnings21.3
- EPS (diluted, trailing year)1.02 CAD
- Dividend yield2.68%
- Volume (last session)2,813,761
Financials of Element Fleet
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.10B CAD | 390.0M CAD | 2.34B CAD |
| 2024 | 3.02B CAD | 530.4M CAD | 2.30B CAD |
| 2023 | 2.45B CAD | 466.2M CAD | 1.82B CAD |
| 2022 | 1.84B CAD | 409.6M CAD | 1.32B CAD |
| 2021 | 1.59B CAD | 356.0M CAD | 1.10B CAD |
Detailed financial statements for Element Fleet
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Element Fleet
Element Fleet has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Auto Fleet and Car IQ.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Contactless in-vehicle payments for commercial fleet fuel transactions are enabled. | cariqpay.com | San Francisco, United States | 2016 | Dec 2025 | •••• | |
AI-enabled solutions for fleet utilization and management are offered. | autofleet.io | Israel | 2017 | Aug 2024 | $110M |
Complete acquisition details for Element Fleet
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Timeline of Element Fleet
6 dated milestones of Element Fleet across 79 years, from founding to its latest funding, stage changes and deals.
- Founded Element Fleet is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $125.0M.
- Acquisition Acquires Auto Fleet.
- Funding Latest funding round, Debt – Conventional, of $5.9M.
- Acquisition Acquires Car IQ.
Competitors of Element Fleet
Element Fleet has 3 listed competitors in our database, 2 of them funded. They include Fleetmatics, LocoNav and Verizon Connect.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fleetmatics.com | 2003 | Waltham, United States | $108M | 779 | Fleet management solutions are provided for tracking and optimization needs. | |
| loconav.com | 2016 | Wilmington, United States | $46.52M | 177 | Platform offering fleet management for businesses | |
| verizonconnect.com | 2006 | Atlanta, United States | 88 | Cloud-based fleet management and tracking solutions are provided. |
Detailed competitors of Element Fleet
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Web traffic of Element Fleet
The website of Element Fleet (elementfleet.com) receives about 72.5K visits a month.
- Monthly visits72.5K
▼ 5.2% vs previous month
Websites whose visitors overlap most with Element Fleet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
arifleet.ca | arifleet.ca | 100% | – | ||
| prepass.com | 95% | #284,696 | View details | ||
| netradyne.com | 95% | 493.3K | #90,439 | View details | |
| facebook.com | 28% | 12.1B | #3 | View details | |
| amazon.com | 27% | 2.7B | #9 | View details |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Element Fleet (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
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 | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Element Fleet
Complete news archive for Element Fleet
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Frequently Asked Questions about Element Fleet
Element Fleet was founded in 1946 and raised its 1st funding round 68 years after it was founded.
Element Fleet is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Element Fleet is a funded company, having raised a total of $125M across 4 funding rounds to date. The company's 1st funding round was a Series C of $125M, raised on Mar 2014.
Element Fleet has 2,900 employees.
Annual revenue of Element Fleet is $2.26B as on Dec 31, 2025.
Element Fleet is engaged in providing comprehensive fleet management solutions across various industries including construction, energy, healthcare, and transportation. Services are offered to optimize fleet performance, manage costs, and support electrification. Innovative technology and strategic advisory services are utilized to enhance driver productivity and vehicle uptime. Operations span over 55 countries through alliances, catering to diverse fleet types such as heavy trucks and field service fleets.
Element Fleet's top competitors include Fleetmatics, Verizon Connect and LocoNav.
Element Fleet offers Fleet Management Solutions, Electric Vehicles Support, and Accident Management.
Yes, Element Fleet is publicly traded on TSX under the ticker symbol EFN.
Element Fleet has made 2 acquisitions, including Auto Fleet, and Car IQ.
Element Fleet operates through Element Fleet Management Corp..
Yes. Element Fleet publishes Element Xcelerate for Drivers, with over 50,000 downloads.