• Chethan Machaknur

Logistics startup Fleetx.io raised $3million in PreSeries from existing investors

Fleetx.io, a intelligent operating system to optimise fleet and logistics operations, has raised $3.1 Mn in pre-Series B funding from existing investors, including Singapore-based Beenext and India Quotient.

Fleetx offers a suite of software-based products to help mid to large fleets to monitor and optimise their day-to-day logistics operations. The startup has also launched an enterprise product for industries to reduce delays and provide risk detection. It uses AI and predictive analytics to help improve operations while being cost-effective.

Vineet Sharma, CEO and Co-founder, Fleetx said, “We are already at pre-COVID growth numbers and see a significant demand surge for software and digitisation in the near future. We will use these funds to tap post-COVID digitisation opportunities by strengthening our product/tech even further and expanding our presence in India and other markets.”

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