From Start-up to a Successful Venture: Fleetx raises Rs. 150 Cr for fuel innovation in fleet and logistics industries.

Fleetx:AI-powered Fleetx raises Rs. 150 Cr for Fleet and Logistics operating system development.

Introduction:

Fleetx is an intelligent fleet management software that assists fleet owners in making informed decisions based on real-time information. Fleetx helps to maximise earnings by monitoring the health and performance of the fleet through a centralised platform that is available from anywhere. Their objective is to create a data platform that will assist the fleet in making informed decisions in a cost-effective and secure manner.

Developer of a cloud-based fleet management technology designed to aid in decision-making based on real-time data. Through site and route analytics, the company’s platform uses artificial intelligence, machine learning, sensors, and predictive analytics to improve fleet productivity, optimum vehicle utilisation, and reduce fuel and operations costs, allowing fleet owners to maximise profit by monitoring the fleet’s health and performance from a centralised platform.

About the Founders:

Fleetx was founded in 2017 by Vineet Sharma and his co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, is a freight automation platform that assists logistics stakeholders in digitising end-to-end operations and providing real-time, actionable insights through IoT and analytics.

Vineet Sharma: Fleetx, founded in 2017, is a freight automation platform that digitizes end-to-end operations and provides real-time insights through IoT and analytics. Vineet Sharma, CEO and Co-Founder of Fleetx.io, is a technology enthusiast with experience at Oracle and Accenture. He is responsible for big data engineering, building the big data processing pipeline for Fleetx products and managing strategic responsibilities. Sharma holds a B. Tech degree from IIT Roorkee in 2008.

Abhay Jeet Gupta: Abhay, CEO and co-founder of fleetx.io, manages the company’s back-end, applications, and DevOps operations. With 12 years of experience in technology, mobile, and product development, Abhay has expanded mobile products at ixigo, a major travel company. With expertise in Object Oriented Design and Analysis, Abhay works with cross-functional teams to fulfill the company’s vision and strategy. With extensive knowledge of J2EE technologies and related product development, Abhay is a valuable asset to the company.

Abhay and Udbhav, both NIT grads, are in charge of Product and Engineering at Fleetx. Vishal is in charge of sales at Fleetx, while Praveen oversees finance, human resources, legal and compliance, and operations.

Services Provided by Fleetx:

FleetX is a pioneer in the development of cutting-edge logistics and supply chain automation software. It provides an integrated platform that seamlessly combines stakeholders, offering simplified collaboration and complete end-to-end visibility, using AI, IoT, and sophisticated analytics. This powerful technology enables businesses to optimise shipping procedures and provide excellent client experiences.

Fleetx’s advanced operating system is packed with features that are specifically tailored to meet the needs of the fleet and logistics sector. These features include:

  • Computer and Mobile Softwares & Apps
  • Automobile Software
  • Transport Management Software
  • GPS and Navigation Devices
  • Car & Vehicle GPS Devices

Market Competition and Financial Growth

According to MarketsandMarkets, the worldwide digital logistics market is predicted to develop at an average annual growth rate of 21.7 percent from a value of $17.4 billion in 2020 to $46.5 billion by 2025. Fleetx competes in India with companies such as Loconav, Freight Tiger, Verizon Connect, project44, SalesRabbit and among others. However, the founders, who currently serve significant customers in transportation, cement, steel, FMCG, mining, e-commerce, and other industries, feel they are ready for more.

Conclusion

Fleetx’s latest Rs. 150 Cr financing represents a key milestone in the fleet and logistics industries. The creation of an advanced operating system has the potential to revolutionise fleet management by providing real-time insight, predictive analytics, and intelligent automation. Fleetx’s operating system enables fleet operators to optimise operations, save costs, and assure timely delivery by tackling industry issues. Fleetx is poised to change the future of the fleet and logistics sector, boosting efficiency, productivity, and customer happiness with a track record of success and a dedication to innovation.

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