About PowerFleet
PowerFleet is a company based in Woodcliff Lake (United States) founded in 2008. PowerFleet has raised $50 million across 1 funding round from investors including Abry Partners. The company has 2,520 employees as of March 31, 2024. PowerFleet has completed 2 acquisitions, including Fleet Complete and Movingdots. PowerFleet offers products and services including Unity Platform, Vehicle Telematics, and Asset Tracking. PowerFleet operates in a competitive market with competitors including Samsara, Platform Science, Radius, Omnitracs and GreenRoad, among others.
- Headquarter Woodcliff Lake, United States
- Employees 2520 as on 31 Mar, 2024
- Stage Public
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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 Powerfleet, Inc.
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Annual Revenue
$362.51 M (USD)168.61as on Mar 31, 2025
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Net Profit
-$50.99 M (USD)-49.7as on Mar 31, 2025
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EBITDA
$58.36 M (USD)0as on Mar 31, 2025
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Mar 13, 2019
- Investors
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Employee Count
2520
as on Mar 31, 2024
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Investments & Acquisitions
Fleet Complete
& 1 more
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IPO & Listings of PowerFleet
PowerFleet is a publicly listed company on the NASDAQ with ticker symbol AIOT in USA, operating in the Electronic technology 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 PowerFleet
PowerFleet offers a comprehensive portfolio of products and services, including Unity Platform, Vehicle Telematics, and Asset Tracking.
Platform for optimizing mobile assets and business operations.
Devices for tracking vehicle data and ensuring compliance.
System for monitoring and managing asset locations and utilization.
People of PowerFleet
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Funding Insights of PowerFleet
PowerFleet has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $50 million completed in March 2019. 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 PowerFleet
PowerFleet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Abry Partners.
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Abry Partners is engaged in middle market private equity investments.
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Investor details for PowerFleet
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Investments & Acquisitions by PowerFleet
PowerFleet has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fleet Complete and Movingdots.
Investment portfolio details for PowerFleet
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Internet-based insurance services for the automotive industry are offered.
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Locked | Locked | 1999 | Locked | |
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Fleet, asset, and mobile workforce management solutions are provided.
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Locked | Locked | 1998 | Locked |
Complete acquisition details for PowerFleet
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Verified entity values are shown only after access is granted.
Financial Statements - PowerFleet
Detailed financials for PowerFleet
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Powerfleet Comparisons
Peer comparison for PowerFleet
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Competitors of PowerFleet
PowerFleet 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, Platform Science, Radius, Omnitracs and GreenRoad, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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Provider of integrated solutions for fleet management
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Predictive marketing and sales platform
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Cloud-based fleet management solutions are provided for transportation operations.
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Fleet telematics and management solutions for safe driving are provided.
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Provider of video telematics and fleet management solutions
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Detailed competitors of PowerFleet
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Latest news on Powerfleet
Complete news archive for PowerFleet
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about PowerFleet
PowerFleet was founded in 2008 and raised its 1st funding round 11 years after it was founded.
PowerFleet is headquartered in Woodcliff Lake, United States. It is registered at Woodcliff Lake, New Jersey, United States.
Chris Wolfe is the current CEO of PowerFleet.
PowerFleet is a funded company, having raised a total of $50M across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at PowerFleet is 2,520.
Annual revenue of PowerFleet is $362.51M as on Mar 31, 2025.
PowerFleet was founded in 2008 and is headquartered in Woodcliff Lake, United States. Operations focus on the telematics sector, where in-cab ELD devices, solar-powered super-capacitors, and sensors for optical, environmental, mounting, and dismounting functions are supplied for trailers, containers, and vehicles. A platform is utilized for fleet tracking, vehicle management, asset optimization, and yard visibility to support logistics efficiency.
PowerFleet offers Unity Platform, Vehicle Telematics, and Asset Tracking.
Yes, PowerFleet is publicly traded on NASDAQ under the ticker symbol AIOT.
PowerFleet has made 2 acquisitions, including Fleet Complete, and Movingdots.
PowerFleet has 1 investor. Key investors include Abry Partners.
The ticker symbol of PowerFleet is AIOT on NASDAQ.