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
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Net Profit
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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
Employee Count
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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. 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.
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
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $37.0M
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First Round
First Round
(31 Oct 2016)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - LocoNav | Valuation | Quiet Capital , Anthemis Group | |
| Feb, 2021 | Amount | Series B - LocoNav | Valuation |
investors |
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| May, 2020 | Amount | Series B - LocoNav | Valuation |
investors |
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| 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 |
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. 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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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location | |
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Investments are made in AEC and construction technology globally.
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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 LocoNav
| 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 - LocoNav
| 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 |
Loconav Comparisons
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. 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-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Fleet management solutions are provided for tracking and optimization needs.
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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 Loconav
Frequently Asked Questions about LocoNav
When was LocoNav founded?
LocoNav was founded in 2016.
Where is LocoNav located?
LocoNav is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of LocoNav?
Samit Srivastava is the current CEO of LocoNav.
Is LocoNav a funded company?
LocoNav is a funded company, having raised a total of $46.52M across 7 funding rounds to date.
What does LocoNav do?
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.
Who are the top competitors of LocoNav?
LocoNav's top competitors include Samsara, Wright Express and Radius.
What products or services does LocoNav offer?
LocoNav offers Fleet Management Solution, Video Telematics Solution, Fuel Monitoring Solution, EV Management System, and 2 more products and services.
Who are LocoNav's investors?
LocoNav has 28 investors. Key investors include Peak XV Partners, RIT Capital Partners, Anthemis Group, Quiet Capital, and Foundamental.
What is LocoNav's valuation?
The valuation of LocoNav is $32.98M as of Jan 2019.
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