About PowerFleet
PowerFleet is a publicly listed company based in Woodcliff Lake (United States) founded in 2008. Telematics-based fleet management solutions are provided for tracking and optimization. PowerFleet has raised $50 million across 1 funding round from investors including Abry Partners. The company has 2,520 employees. PowerFleet has completed 2 acquisitions, including Fleet Complete and Movingdots. Its chief executive, as recorded, is Chris Wolfe. Its website powerfleet.com draws about 46 thousand monthly visits. PowerFleet offers products and services including Unity Platform, Vehicle Telematics, and Asset Tracking. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its legal entity is POWERFLEET, INC. Its competitors include Samsara, Platform Science and Radius; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Woodcliff Lake, United States
- Employees 2,520
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website powerfleet.com
- Social LinkedIn X Facebook YouTube
- Legal Name Powerfleet, Inc.
- Annual Revenue$443.78 M (USD)22.42as on Mar 31, 2026
- Net Profit-$20.55 M (USD)59.69as on Mar 31, 2026
- EBITDA$90.36 M (USD)54.84as on Mar 31, 2026
- Total Equity Funding$50M (USD)
in 1 rounds
- Latest Funding Round$50M (USD), Private Equity Round
Mar 2019
- Investors
- Employee Count2,520
- Investments & AcquisitionsFleet Complete
& 1 more
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.
Apps and channels of PowerFleet
its YouTube channel Powerfleet has 272 subscribers and 17 videos.
Videos from PowerFleet
The most watched videos on PowerFleet's YouTube channel, Powerfleet (272 subscribers). Click a video to play it here.
More on Powerfleet.
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.
- Total Funding $50M
- Total Rounds 1
- Last Round Private Equity Round — $50M
- First Round $50M
(Mar 2019)
- Investors Count 1
All 1 funding rounds of PowerFleet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | $50M | Private Equity Round | – | Abry | – |
1 investors in total: 1 institutional.
Investors in PowerFleet
PowerFleet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Abry Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Abry Partners is engaged in middle market private equity investments. | 1989 | abry.com | Boston, United States |
Investor details for PowerFleet
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People of PowerFleet
14 people are tracked at PowerFleet (8 in leadership, 6 in board & advisors); the tracked headcount is 2,520.
| Name | Role | Group |
|---|---|---|
Chris Wolfe | CEO | Leadership |
Steve Towe | CEO | Leadership |
David Mahlab | CEO, International | Leadership |
David Wilson | CFO | Leadership |
Melissa Ingram | Chief Corporate Development Officer | Leadership |
Jeff Lautenbach | Chief Revenue Officer | Leadership |
Catherine Lewis | Chief Customer Officer | Leadership |
Jonathan Bates | Chief Product Officer | Leadership |
Charles Frumberg | Director | Board & advisors |
Michael Casey | Director | Board & advisors |
Elchanan Maoz | Director | Board & advisors |
Medhini Srinivasan | Director | Board & advisors |
Anders Bjork | Director | Board & advisors |
Michael Brodsky | Chairman | Board & advisors |
Complete people profiles for PowerFleet
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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.
- IPO date26 Mar 2024
- Listed onJSE: PWR
- Listed entityPowerFleet, Inc.
- Exchange sectorElectronic technology
- ISINUS73931J1097
- Share price$2.69 (-1.1% on the day) · 2026-10-13
- Market capitalisation$361.1M
- EPS (diluted, trailing year)$-0.14
- Volume (last session)579,678
Financials of PowerFleet
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $443.8M | -$20.6M | $90.4M |
| 2024 | $362.5M | -$51.0M | $58.4M |
| 2023 | $135.0M | -$34.1M | -$17.8M |
| 2022 | $135.2M | -$7.0M | $4.1M |
| 2021 | $126.2M | -$13.3M | $3.6M |
Detailed financial statements for PowerFleet
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Fleet, asset, and mobile workforce management solutions are provided. | fleetcomplete.com | Toronto, Canada | 1998 | Sep 2024 | $200M | |
Internet-based insurance services for the automotive industry are offered. | movingdots.com | Bremen, Germany | 1999 | Mar 2023 | •••• |
Complete acquisition details for PowerFleet
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Timeline of PowerFleet
5 dated milestones of PowerFleet across 16 years, from founding to its latest funding, stage changes and deals.
- Founded PowerFleet is founded.
- Funding First funding round of $50.0M.
- Acquisition Acquires Movingdots.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Fleet Complete.
Competitors of PowerFleet
PowerFleet has 3 listed competitors in our database, 3 of them funded. They include Samsara, Platform Science and Radius.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| samsara.com | 2015 | San Francisco, United States | $915M | 2,895 | AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | |
| platformscience.com | 2014 | San Diego, United States | $293.07M | 226 | Provider of integrated solutions for fleet management | |
| radius.com | 1990 | San Francisco, United States | $332.76M | Predictive marketing and sales platform |
Detailed competitors of PowerFleet
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Web traffic of PowerFleet
The website of PowerFleet (powerfleet.com) receives about 46.4K visits a month and ranks #676,529 among all websites worldwide, #6,611 in Investing.
- Monthly visits46.4K
▼ 9.3% vs previous month
- Unique visitors16.8K
per month
- Global rank#676,529
among all websites
- Category rank#6,611
Finance · Investing
- Bounce rate47%
- Pages per visit2.2
- Average visit21 sec
- DevicesDesktop 19% · Mobile 81%
Websites whose visitors overlap most with PowerFleet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| elementfleet.com | 100% | 72.5K | #357,391 | View details | |
| netradyne.com | 100% | 493.3K | #90,439 | View details |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as PowerFleet (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Powerfleet
Complete news archive for PowerFleet
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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 CEO of PowerFleet, as recorded in our data.
PowerFleet is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $50M, raised on Mar 2019.
PowerFleet has 2,520 employees.
Annual revenue of PowerFleet is $443.78M as on Mar 31, 2026.
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's top competitors include Samsara, Radius and Platform Science.
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.