About TruTac
TruTac is a company based in Coventry (United Kingdom) founded in 1990 was acquired by Microlise in March 2020.. The company has 37 employees as of December 31, 2021. TruTac offers products and services including Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet. TruTac operates in a competitive market with competitors including Idelic, XRS Corporation, SambaSafety, ChartCo and LogRock, among others.
- Headquarter Coventry, United Kingdom
- Employees 37 as on 31 Dec, 2021
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Trutac Limited
- Date of Incorporation 12 Jul, 1990
- Jurisdiction NOTTINGHAM, NOTTINGHAMSHIRE, ENGLAND
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Products & Services of TruTac
TruTac offers a comprehensive portfolio of products and services, including Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet. 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.
Web-based system for automated tachograph data analysis and compliance reporting.
Mobile app for daily vehicle inspection and reporting functions.
Service for checking and verifying driving licences securely.
Real-time tracking solution for fleet and tachograph downloads.
Software for real-time fleet planning and coordination tasks.
Funding Insights of TruTac
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $146,000
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First Round
First Round
(20 Jun 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2015 | Amount | Debt – Venture - TruTac | Valuation |
investors |
| 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 TruTac
TruTac has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Microlise and Archover. 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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Secured business loans are facilitated via crowdlending platform.
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Founded Year | Domain | Location | |
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Fleet management and telematics solutions are provided for logistics operations.
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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 TruTac
| 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 - TruTac
| 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 |
Trutac Comparisons
Competitors of TruTac
TruTac 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 Idelic, XRS Corporation, SambaSafety, ChartCo and LogRock, 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 |
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| domain | founded_year | HQ Location |
Offers AI & SaaS-based fleet management software
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Fleet management solutions are delivered via telematics for regulatory compliance.
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| domain | founded_year | HQ Location |
Driver risk management solutions and motor vehicle records are provided.
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Digital navigation and maritime compliance services are offered.
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Web-based solutions for trucking compliance management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Trutac
Frequently Asked Questions about TruTac
When was TruTac founded?
TruTac was founded in 1990 and raised its 1st funding round 25 years after it was founded.
Where is TruTac located?
TruTac is headquartered in Coventry, United Kingdom.
How many employees does TruTac have?
As of Dec 31, 2021, the latest employee count at TruTac is 37.
What is the annual revenue of TruTac?
Annual revenue of TruTac is $3.41M as on Jun 30, 2020.
What does TruTac do?
TruTac was established in 1990 in Coventry, United Kingdom, focusing on the logistics sector. Web-based solutions are offered to support fleet management and regulatory compliance. Key products encompass TruControl for tachograph analysis, TruTime for attendance tracking, TruChecks for vehicle inspections via mobile apps, TruLicense for DVLA license checks, and specialized TruControl for PSV operations. These tools aid in meeting industry standards across the UK market.
Who are the top competitors of TruTac?
TruTac's top competitors include Idelic, LogRock and SambaSafety.
What products or services does TruTac offer?
TruTac offers Tru Control, Tru Checks, Tru Licence, Tru Location, and Tru Fleet.
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