LocoNav Company Profile

Background

Overview

LocoNav, founded in 2016, is a full-stack fleet software company headquartered in Gurugram, India, with a global presence in over 50 countries. The company specializes in providing AI and IoT-driven fleet management solutions designed to enhance operational efficiency, reduce costs, and improve safety for fleet owners and operators. LocoNav's mission is to democratize access to advanced fleet technology, particularly in emerging and high-growth markets. Its vision is to positively impact over 100 million vehicle owners and drivers by 2030 by building the largest network of connected commercial vehicles globally.

Industry Significance

LocoNav addresses the significant gap in fleet management technology accessibility in developing regions, where a large number of commercial vehicles lack access to modern, efficient management tools. By offering affordable and scalable solutions, LocoNav plays a crucial role in enhancing the safety, efficiency, and sustainability of fleet operations worldwide.

Key Strategic Focus

Core Objectives

• Democratization of Fleet Technology: Making advanced fleet management solutions accessible and affordable for fleet owners and operators in emerging markets.

• Operational Efficiency: Enhancing the efficiency of fleet operations through AI and IoT-driven insights.

• Safety and Compliance: Improving driver and vehicle safety while ensuring compliance with local regulations.

Areas of Specialization

• Fleet Management Solutions: GPS tracking, trip and inventory management, rich analytics, and real-time alerts.

• Video Telematics: Advanced Driver Assistance Systems (ADAS), Driver Management Systems (DMS), driver scorecards, and liability risk prevention.

• Fuel Monitoring: Fuel usage analytics, fuel pilferage detection, and wastage detection.

• Electric Vehicle (EV) Management: State-of-charge monitoring, Battery Management System (BMS) integration, battery health, and fault alarms.

• E-Lock Solutions: Remote lock/unlock capabilities, real-time alerts, built-in GPS tracking, and geofencing.

• EagleAI™: An AI-powered virtual fleet manager designed to identify operational bottlenecks and positively impact the bottom line.

Key Technologies Utilized

• Artificial Intelligence (AI): For predictive analytics, driver behavior analysis, and operational optimization.

• Internet of Things (IoT): For real-time data collection and monitoring through connected devices and sensors.

• Advanced Video Telematics: For real-time driver assistance and incident recording.

Primary Markets Targeted

LocoNav primarily targets fleet owners and operators in emerging and high-growth markets, including regions in Asia, Africa, the Middle East, and Latin America, where access to advanced fleet management technology is limited.

Financials and Funding

Funding History

As of June 2021, LocoNav has raised a total of approximately $47 million across multiple funding rounds. The most recent was a Series B round in June 2021, where the company secured $37 million from investors including Quiet Capital, Anthemis Group, Sequoia Capital India, Foundamental, RIT Capital Partners, Uncorrelated Ventures, and Village Global.

Utilization of Capital

The funds have been allocated towards:

• Product Development: Enhancing existing solutions and developing new features to meet market demands.

• Geographical Expansion: Establishing a presence in new markets and strengthening operations in existing ones.

• Team Expansion: Building data science and engineering teams across San Francisco, Gurgaon, and Bangalore.

• Strategic Partnerships: Forming alliances to broaden product offerings and market reach.

Pipeline Development

Key Pipeline Candidates

LocoNav's product pipeline includes:

• LocoADAS: An advanced video telematics and driver safety solution.

• LocoNav-powered Fastag Solution: Facilitates hassle-free toll payments and automatically triggers refund requests on incorrect deductions.

• LocoDrive: A virtual driver control center with advanced solutions to keep fleet owners in sync with their drivers.

• LocoRTO: A one-stop destination for compliance management and other solutions.

Stages of Development

These products are in various stages of development and deployment, with some already operational and others in the final stages of testing.

Target Conditions

The solutions aim to address challenges such as operational inefficiencies, safety concerns, compliance issues, and cost management in fleet operations.

Anticipated Milestones

LocoNav plans to expand its product offerings and enhance existing solutions over the next two years, aiming to reduce fleet running costs by up to 50% and drive a positive impact on climate sustainability.

Technological Platform and Innovation

Proprietary Technologies

• EagleAI™: An AI-powered virtual fleet manager designed to identify operational bottlenecks and positively impact the bottom line.

Significant Scientific Methods

• Advanced Video Telematics: Utilizes AI-powered sensors to warn drivers in real-time of potential forward collisions or lane drifting.

• Driver Management Systems (DMS): Provides real-time alerts and driver scorecards to monitor and improve driver behavior.

• Fuel Monitoring Analytics: Offers insights into fuel usage, pilferage detection, and wastage detection to optimize fuel consumption.

AI-Driven Capabilities

• Predictive Analytics: For forecasting maintenance needs and potential operational issues.

• Driver Behavior Analysis: To enhance safety and performance through real-time monitoring and feedback.

Leadership Team

Key Executives

• Shridhar Gupta: Co-founder.

• Vidit Jain: Co-founder.

• Samit Srivastava: CEO - Global SaaS.

• Vikas Ralhan: Chief Finance Officer.

• Manav Jain: Chief Human Resources Officer.

• Chirag Gupta: SVP - Product.

• Shubham Gupta: SVP - Engineering.

• Abhishek Goyal: Head of Operations.

• Rachit Gupta: Head of Engineering.

• Arun Valiaparambil: Head of Engineering.

Leadership Changes

As of the latest available information, there have been no significant changes or appointments within LocoNav's leadership team.

Competitor Profile

Market Insights and Dynamics

The global fleet management market is experiencing significant growth, with projections estimating its size to reach around USD 55 billion by 2030. This expansion is driven by the increasing need for operational efficiency, safety, and compliance in fleet operations.

Competitor Analysis

• Samsara: A leading competitor offering IoT solutions for fleet management, with a focus on real-time data and analytics.

• Fleetio: Provides comprehensive fleet management software, including maintenance tracking and driver management.

• Trimble Transport & Logistics: Offers a range of solutions for fleet management, including route optimization and compliance management.

Strategic Collaborations and Partnerships

LocoNav has formed strategic partnerships to enhance its offerings:

• Locus Partnership: Collaborated to automate supply chain operations, integrating LocoNav's fleet management solutions with Locus's logistics optimization platform.

• Sensorise Acquisition: In October 2025, Sensorise acquired LocoNav's India Fleet Management Business, launching Eagle.ai to power smarter, safer fleets.

Operational Insights

LocoNav's strategic focus on emerging markets, affordability, and comprehensive fleet management solutions positions it as a strong competitor in the global fleet-tech industry. Its ability to adapt to diverse market needs and regulatory environments provides a competitive edge.