About LocoNav
LocoNav is a company based in Wilmington (United States) founded in 2016 by Vidit Jain and Shridhar Gupta. LocoNav has raised $46.52 million across 7 funding rounds from investors including Peak XV Partners, RIT Capital Partners and Anthemis Group. LocoNav offers products and services including Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and E-Lock Solution. LocoNav operates in a competitive market with competitors including Samsara, Wright Express, Radius, Lytx and Platform Science, among others.
- Headquarter Wilmington, United States
- Founders Vidit Jain, Shridhar Gupta
- Stage Minicorn
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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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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$46.52 M (USD)
in 7 rounds
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Latest Funding Round
$37 M (USD), Series B
Jun 28, 2021
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Investors
Peak XV Partners
& 27 more
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Employee Count
Not available
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Products & Services of LocoNav
LocoNav offers a comprehensive portfolio of products and services, including Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and E-Lock Solution.
Software for GPS tracking, trip management, and real-time analytics
AI-driven tools for driver behavior and risk prevention
Analytics for fuel usage and pilferage detection in vehicles
Monitoring for battery health and state-of-charge in EVs
Remote locking with GPS tracking and geofencing features
Virtual manager for identifying fleet bottlenecks and improvements
People of LocoNav
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Funding Insights of LocoNav
LocoNav has successfully raised a total of $46.52M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $37 million completed in June 2021. 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.
Investors in LocoNav
LocoNav has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Peak XV Partners, RIT Capital Partners and Anthemis Group.
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Investments are managed by Quiet Capital in New York.
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Early and growth-stage startups are funded by Anthemis Group.
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Investments are made in AEC and construction technology globally.
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Investor details for LocoNav
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Investments & Acquisitions by LocoNav
Investment portfolio details for LocoNav
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Financial Statements - LocoNav
Detailed financials for LocoNav
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Loconav Comparisons
Peer comparison for LocoNav
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Competitors of LocoNav
LocoNav 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, Wright Express, Radius, Lytx and Platform Science, among others.
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AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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Employee benefit administration and payment solutions are provided for enterprises.
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Predictive marketing and sales platform
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Provider of video telematics and fleet management solutions
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Provider of integrated solutions for fleet management
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Fleet management solutions are provided for tracking and optimization needs.
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Detailed competitors of LocoNav
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Latest news on Loconav
Complete news archive for LocoNav
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Frequently Asked Questions about LocoNav
LocoNav was founded in 2016.
LocoNav is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Samit Srivastava is the current CEO of LocoNav.
LocoNav is a funded company, having raised a total of $46.52M across 7 funding rounds to date.
Platform offering fleet management for businesses. It offers GPS tracking, trip and inventory management, analytics, and real-time alerts. It provides video telematics solutions with ADAS, DMS, driver scorecards, and liability risk prevention. It delivers fuel monitoring solutions with fuel usage analytics, reports, and pilferage detection. It also offers EV management systems, E-Lock solutions, and a virtual fleet manager to identify bottlenecks. It helps businesses track, monitor, and manage vehicles, assets, fuel, expenses, and more.
LocoNav's top competitors include Samsara, Wright Express and Radius.
LocoNav offers Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and 2 more products and services.
LocoNav has 28 investors. Key investors include Peak XV Partners, RIT Capital Partners, Anthemis Group, Quiet Capital, and Foundamental.
The valuation of LocoNav is $32.98M as of Jan 2019.