Company Research Report: Fleetx Technologies Private Limited

Company Overview

Name: Fleetx Technologies Private Limited

Mission: Fleetx is on a mission to digitise fleet and logistics operations for businesses to improve efficiency, increase safety, and reduce costs using AI, IoT, and Data.

Founded: June 4, 2017

Founders: Vineet Sharma, Abhay Jeet Gupta, Parveen Kataria, and Vishal Misra

Key People:

Vineet Sharma - CEO & Co-Founder

Abhay Jeet Gupta - Co-Founder

Parveen Kataria - Co-Founder

Vishal Misra - Co-Founder

Headquarters: No information is available

Number of Employees: No information is available

Revenue: No information is available

Known For: Fleetx is known for its AI-powered platform that enhances safety, efficiency, and sustainability in fleet operations. It is recognized for its predictive diagnostics and omnipresence in the logistics management sector.

Products

Fleetx offers a comprehensive suite of products designed to optimize fleet and logistics operations:

Transport Management System (TMS)

Description: TMS offers advanced features to improve logistics efficiency by digitising the entire flow covering Vehicle Indenting, Dispatch Planner, EPOD, and Freight Audit.

Key Features:

Multi-Modal TMS & Indent Management

Load & Dispatch Planner

RFQ & Freight Procurement

Freight Audit & Payment

Fleet Management System

Description: A central control tower for fleet operations providing actionable insights for the fleet and equipment management.

Key Features:

Vehicle Health Management

Vehicle Maintenance Management

Driver and Trip Settlement

AI Powered Predictive Alerts & Notifications

Fuel Management

Transportation ERP

Description: A seamless cloud-based solution for paperless consignment recording and digital EPOD, ensuring transparent bill and payment management.

Key Features:

Consignment Operations Management

FTL/PTL Delivery Management

Ledger & Accounting Management

E-Way Bill Management

Video Telematics

Description: Provides visual insights to augment fleet management with advanced analytics.

Key Features: No detailed features available.

Recent Developments

Funding: Fleetx has raised INR 145 Crore in Series B Funding.

Investments: IndiaMART has invested Rs 91 crore in the logistics SaaS platform Fleetx.

Product Expansion: Launched video telematics in 2023 to further enhance fleet visibility and safety.

Previous Development Milestones:

Raised Angel Round in 2018, followed by multiple funding rounds till Pre-Series B by 2022.

Developed advanced telematics and visibility platform.

Introduced Intelligent Fleet Management System and a comprehensive Transportation ERP.

Partnerships and Collaborations

Integrations: Fleetx has over 300 integrations in their global partner ecosystem, demonstrating significant collaboration with industry leaders.

Impact and Achievements

Operational Metrics:

20 Billion sensory data points captured per day

350K+ vehicles served across India

1 Billion predictions per day

10 Million trips tracked annually

Financial Savings:

$11.5 Million estimated savings in fuel cost

$900 Million breakdown costs prevented

Safety and Efficiency:

1000+ accidents prevented each month

80% reduced time spent on inspections

Prevention of 20 Million liters of fuel thefts

Conclusion

Fleetx Technologies is positioned as a leader in fleet management and logistics optimization through the use of advanced technology such as AI, IoT, and big data analytics. Its products and services are designed to offer real-time visibility, predictive diagnostics, and significant cost savings, making it an integral partner for businesses needing efficient logistics solutions. Fleetx continues to innovate and expand its offerings to meet the evolving demands of the logistics and transportation industry.