About Element Fleet
Element Fleet is a company based in Baltimore (United States) founded in 1946. It operates as a Managed Services and Financing. Element Fleet has raised $125 million across 4 funding rounds. The company has 2,900 employees as of December 31, 2024. Element Fleet has completed 2 acquisitions, including Auto Fleet and Car IQ. Element Fleet offers products and services including Fleet Management Solutions, Electric Vehicles Support, and Accident Management. Element Fleet operates in a competitive market with competitors including Fleetmatics, LocoNav, Verizon Connect, Netradyne and Geotab, among others.
- Headquarter Baltimore, United States
- Employees 2900 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Element Fleet Management Corporation
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Annual Revenue
$2.1 B (USD)23.48as on Dec 31, 2024
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Net Profit
$368.61 M (USD)13.76as on Dec 31, 2024
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EBITDA
$1.6 B (USD)26.64as on Dec 31, 2024
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Total Equity Funding
$125 M (USD)
in 4 rounds
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Latest Funding Round
$5.94 M (USD), Debt – Conventional
Mar 27, 2025
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Investors
Not available
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Employee Count
2900
as on Dec 31, 2024
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Investments & Acquisitions
Auto Fleet
& 1 more
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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.
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.
People of Element Fleet
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Leadership Team
72 people
Software Development Team
54 people
Sales and Marketing
53 people
Senior Team
22 people
Manager Team
19 people
Data Analysis and Operations Team
19 people
Finance and Accounting
19 people
Client Team
17 people
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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.
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.
Investment portfolio details for Element Fleet
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-enabled solutions for fleet utilization and management are offered.
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Contactless in-vehicle payments for commercial fleet fuel transactions are enabled.
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Locked | Locked | 2016 | Locked |
Complete acquisition details for Element Fleet
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
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Verified entity values are shown only after access is granted.
Financial Statements - Element Fleet
Detailed financials for Element Fleet
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Element Fleet Comparisons
Peer comparison for Element Fleet
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Competitors of Element Fleet
Element Fleet 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 Fleetmatics, LocoNav, Verizon Connect, Netradyne and Geotab, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Fleet management solutions are provided for tracking and optimization needs.
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Platform offering fleet management for businesses
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Cloud-based fleet management and tracking solutions are provided.
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AI-powered fleet safety solutions via camera systems are provided.
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Offers AI-powered solutions for fleet productivity, safety, and optimization in various industries.
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GPS vehicle tracking and fuel management solution
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Detailed competitors of Element Fleet
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Latest news on 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.
As of Dec 31, 2024, the latest employee count at Element Fleet is 2,900.
Annual revenue of Element Fleet is $2.1B as on Dec 31, 2024.
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 Azuga, Netradyne and Fleetmatics.
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.
The ticker symbol of Element Fleet is EFN on TSX.