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Autofleet Raises $7.5 Million to Support Fleets

Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery providers, wants to resolve that mission impossible. Now, the company founded by former Avis and Gett staff has raised $7.5 million in seed and Series A seed funding to broaden into international markets and grow its research and development crew.

Autofleet Raises $7.5 Million to Support Fleets

The Series A was led by MizMaa Ventures with participation from Maniv Mobility, Next Gear Ventures, and Liil Ventures. Its seed financing was led by Maniv Mobility.

Autofleet developed a fleet administration platform that can be used by rental automobile companies, automobile sharing operators and auto manufacturers to launch or better manage mobility services. The platform features a reserving app and integrations to delivery companies, demand prediction, pooling and optimization algorithms as well as a driver app, and control center.

The company has also built a simulator tool that lets operators plan how a fleet will be deployed before a single vehicle hits the road.

For instance, a rental company with abundant inventory and little demand for traditional multi-day contracts may use the platform to launch after which to manage a car-sharing service. Autofleet already has partnerships with Avis Finances Group, Zipcar, Keolis and Suzuki.

That focus on managing supply aspect constraints is what attracted Maniv Mobility to invest in the seeding and Sequence A rounds, according to the agency’s general companion Olaf Sakkers.

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