Fleetio

Fleetio

Fleet management software for tracking operations

About Fleetio

Simplify's Rating
Why Fleetio is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Automotive & Transportation

Enterprise Software

Company Size

201-500

Company Stage

Series D

Total Funding

$620M

Headquarters

Birmingham, Alabama

Founded

2012

Overview

Fleetio provides fleet management software that helps organizations track, analyze, and improve their fleet operations. The software allows users to manage vehicles, equipment, parts, and operators in a streamlined manner. It operates on a subscription-based model, generating revenue through software licenses. Fleetio's platform is designed to be user-friendly and collaborative, making it easier for clients to manage their assets effectively. Unlike many competitors, Fleetio focuses on continuous enhancements to meet the changing needs of its users. The goal of Fleetio is to help businesses of all sizes improve their operational efficiency and manage their fleets more effectively.

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Simplify's Take

What believers are saying

  • Fleetio's partnership with Utilimarc expands its analytics and fleet management capabilities.
  • The $450M Series D funding supports Fleetio's growth and strategic acquisitions.
  • Fleetio's new Vendor Portal enhances real-time visibility for maintenance shop transactions.

What critics are saying

  • Emerging startups may challenge Fleetio with innovative, cost-effective solutions.
  • Integration challenges from the Auto Integrate acquisition could disrupt service continuity.
  • Data privacy regulations may require significant adjustments to Fleetio's data practices.

What makes Fleetio unique

  • Fleetio offers a comprehensive, cloud-based fleet management platform for global clients.
  • The platform integrates maintenance, fuel economy, and vehicle tracking in one solution.
  • Fleetio's recent acquisition of Auto Integrate enhances its fleet maintenance ecosystem.

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Funding

Total Funding

$620M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$450M
Fleetio

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-2%

2 year growth

-4%
PR Newswire
Apr 10th, 2025
Utilimarc Expands Fleet Technology Offerings With Fleetio Partnership

MINNEAPOLIS, April 10, 2025 /PRNewswire/ -- Utilimarc, a leader in fleet analytics and technology solutions, is excited to announce its strategic partnership with Fleetio, the premier fleet optimization platform. As part of Utilimarc's expanding fleet technology offerings, Fleetio's innovative maintenance software will enhance how fleet leaders manage operations, track performance, and increase efficiency in a rapidly evolving industry.Utilimarc has built a reputation for delivering actionable insights and tailored solutions that empower fleets to make smarter, data-driven decisions. Through this partnership, Fleetio will become a key component of Utilimarc's ecosystem, offering customers access to advanced fleet management tools that complement Utilimarc's analytics expertise. Utilimarc's industry knowledge and support will help fleet leaders adopt Fleetio's platform effectively, ensuring they maximize its value within their operations.This partnership allows us to offer a seamless solution that integrates analytics with day-to-day fleet management. Post thisFleetio's scalable, cloud-based solution provides a strong foundation to streamline and manage fleet operations. Utilimarc supports fleets in leveraging this technology by guiding implementation, integrating maintenance insights into broader strategies, and ensuring seamless adoption

Fleet Management Weekly
Apr 9th, 2025
Fleetio and Utilimarc Partner to Offer Advanced Fleet Management Tools

Comprehensive Technology Ecosystem: Fleetio's fleet optimization platform integrated with Utilimarc's analytics tools creates a unified solution for managing operations and deriving insights.

ForexTV
Mar 25th, 2025
Fleetio Raises $450M, Acquires Auto Integrate

Fleetio has raised over $450 million in a Series D round to acquire Auto Integrate, creating a comprehensive fleet maintenance ecosystem valued at over $1.5 billion. The acquisition will serve 8 million vehicles across 110,000+ repair shops in North America. The combined platform aims to enhance fleet maintenance efficiency and reduce vehicle downtime. The funding round was co-led by Elephant and Growth Equity at Goldman Sachs Alternatives.

Transport Topics
Mar 25th, 2025
Fleetio to Acquire Auto Integrate in $1.5 Billion Fleet Deal

Fleetio, a software firm that helps companies manage their vehicle fleets, has raised $450 million in late-stage venture funding to help finance a takeover of maintenance-authorization platform Auto Integrate.

PYMNTS
Mar 25th, 2025
65% of Grocery Retailers Lack Real-Time Supply Chain Data

Auto Integrate's software, which enables repair shops to electronically submit repair orders for approval, will fully integrate with Fleetio's platform, according to the release.

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