About Fleet
Fleet is a company based in Palo Alto (United States) founded in 2019 by Shaurya Saluja. It operates as a SaaS (Software-as-a-Service). Fleet has raised $2.5 million across 1 funding round from investors including Plug and Play Tech Center, Congruent Ventures and Great Oaks Venture Capital. Fleet offers products and services including Commuter Benefits Platform. Fleet operates in a competitive market with competitors including Moovit, HopOn, Tripshot, VOLL and Mobilleo, among others.
- Headquarter Palo Alto, United States
- Founders Shaurya Saluja
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Aug 27, 2024
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Investors
Plug and Play Tech Center
& 5 more
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Employee Count
Employee Count
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Products & Services of Fleet
Fleet offers a comprehensive portfolio of products and services, including Commuter Benefits Platform. 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.
A platform for managing commuter benefits efficiently.
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Funding Insights of Fleet
Fleet has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in August 2024. 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 1
- Last Round Seed — $2.5M
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First Round
First Round
(27 Aug 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Seed - Fleet | Valuation | Congruent Ventures |
| 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 Fleet
Fleet has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Plug and Play Tech Center, Congruent Ventures and Great Oaks Venture Capital. 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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Climate tech investing and support for early-stage entrepreneurs in North America.
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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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 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 - Fleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fleet Comparisons
Competitors of Fleet
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 Moovit, HopOn, Tripshot, VOLL and Mobilleo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled mobility-as-service platform is developed for transit operators.
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| domain | founded_year | HQ Location |
SaaS mobility-as-a-service and data collection for public transit are provided.
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| domain | founded_year | HQ Location |
Saas-enabled platform offering operations management solutions for transit operators
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| domain | founded_year | HQ Location |
Mobility solutions for corporates are facilitated via a marketplace.
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| domain | founded_year | HQ Location |
SaaS-driven mobility solutions are offered for business travel bookings.
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| 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 Fleet
Frequently Asked Questions about Fleet
When was Fleet founded?
Fleet was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Where is Fleet located?
Fleet is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Fleet?
Shaurya Saluja is the current CEO of Fleet. They have also founded this company.
Is Fleet a funded company?
Fleet is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Aug 27, 2024.
What does Fleet do?
Fleet is recognized for offering a commuter benefits management platform. This platform is designed to streamline access to transportation incentives and benefits. It supports sustainable mobility options for daily commuting. Integration with over 180 HR systems is facilitated for seamless implementation. Automated payroll deductions and customizable programs are included as features. Compliance with city, state, and federal mandates is ensured through tailored rules and reporting. The platform serves various sectors by enhancing employee experience. Sustainable commuting is encouraged through gamified incentives. Cost savings for both employees and employers are enabled. Overall, greener commutes and improved company appeal are promoted.
What products or services does Fleet offer?
Fleet offers Commuter Benefits Platform.
Who are Fleet's investors?
Fleet has 6 investors. Key investors include Plug and Play Tech Center, Congruent Ventures, Great Oaks Venture Capital, Rally Cap, and Virta Ventures.