About Fleetzero
Fleetzero is a company based in Houston (United States) founded in 2021 by Michael Carter and Steven Henderson.. Fleetzero has raised $59.46 million across 2 funding rounds from investors including McKinley Capital, Breakthrough Energy and Y Combinator. The company has 14 employees as of December 31, 2023. Fleetzero offers products and services including Leviathan ESS. Fleetzero operates in a competitive market with competitors including A123 Systems, Powin Energy, Pure Watercraft, Cadenza Innovation and Arc Boats, among others.
- Headquarter Houston, United States
- Employees 14 as on 31 Dec, 2023
- Founders Michael Carter, Steven Henderson
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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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- Legal Name Fleetzero Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.46 M (USD)
in 2 rounds
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Latest Funding Round
$43 M (USD), Series A
Jan 16, 2026
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Investors
McKinley Capital
& 8 more
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Employee Count
14
as on Dec 31, 2023
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Products & Services of Fleetzero
Fleetzero offers a comprehensive portfolio of products and services, including Leviathan ESS. 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.
Battery for hybridizing ships to achieve zero emissions in operations.
Funding Insights of Fleetzero
Fleetzero has successfully raised a total of $59.46M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $43 million completed in January 2026. 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 2
- Last Round Series A — $43.0M
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First Round
First Round
(17 Jun 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series A - Fleetzero | Valuation | Obvious Ventures | |
| Jun, 2022 | Amount | Seed - Fleetzero | Valuation | Breakthrough Energy |
| 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 Fleetzero
Fleetzero has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include McKinley Capital, Breakthrough Energy and Y Combinator. 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 solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital is invested in climate tech startups and entrepreneurs.
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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 Fleetzero
| 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 - Fleetzero
| 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 |
Fleetzero Comparisons
Competitors of Fleetzero
Fleetzero 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 A123 Systems, Powin Energy, Pure Watercraft, Cadenza Innovation and Arc Boats, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Energy storage systems are provided for grid-level and behind-the-meter applications.
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| domain | founded_year | HQ Location |
Electric boats and outboard motors are designed and manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion battery systems for energy storage are developed.
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| domain | founded_year | HQ Location |
Electric ships are designed and manufactured using marine-grade aluminium.
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| domain | founded_year | HQ Location |
Developer of autonomous unmanned surface vehicle
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fleetzero
Frequently Asked Questions about Fleetzero
When was Fleetzero founded?
Fleetzero was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Fleetzero located?
Fleetzero is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Fleetzero?
Steven Henderson is the current CEO of Fleetzero. They have also founded this company.
Is Fleetzero a funded company?
Fleetzero is a funded company, having raised a total of $59.46M across 2 funding rounds to date. The company's 1st funding round was a Seed of $16.46M, raised on Jun 17, 2022.
How many employees does Fleetzero have?
As of Dec 31, 2023, the latest employee count at Fleetzero is 14.
What does Fleetzero do?
Builder of modular electric cargo ships. This company utilizes modular propulsion systems and hull replication to reduce construction and operational costs compared to traditional shipbuilding methods. The modular design allows for efficient construction and increased shipyard output. Electric propulsion is central to the companys approach, enabling the creation of more affordable and environmentally friendly vessels.
Who are the top competitors of Fleetzero?
Fleetzero's top competitors include A123 Systems, Powin Energy and Pure Watercraft.
What products or services does Fleetzero offer?
Fleetzero offers Leviathan ESS.
Who are Fleetzero's investors?
Fleetzero has 9 investors. Key investors include McKinley Capital, Breakthrough Energy, Y Combinator, Climate Capital, and Obvious Ventures.
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