Overview

Standard Fleet provides online and mobile tools designed for managing electric vehicle (EV) fleets. Their platform is tailored for various clients, including delivery services, rental companies, carsharing platforms, leasing firms, and taxi operators. The software operates on a subscription model, allowing users to access features such as vehicle tracking, charge monitoring, and performance limitations to minimize wear and tear on vehicles. Additionally, it offers detailed reports on battery health and charging costs, helping fleet managers make informed decisions to enhance efficiency. A key aspect of the platform is its fine-grained access controls, which ensure that different users, like admins and drivers, can access the information they need while keeping sensitive data secure. Currently in private beta, Standard Fleet's goal is to optimize EV fleet operations, making them more efficient and cost-effective.

Simplify's Take

What believers are saying

• Raised $7 million in seed funding to accelerate platform development and customer acquisition.
• Partnership with MisterGreen Electric Lease enhances operational efficiency and cost reduction.
• Integration with AI-driven predictive maintenance tools can reduce downtime and maintenance costs.

What critics are saying

• Increased competition from established automotive software companies may pressure market share.
• Rapid EV battery advancements may require frequent platform updates, raising operational costs.
• Dependency on MisterGreen Electric Lease could pose financial risk if partnership dissolves.

What makes Standard Fleet unique

• Standard Fleet offers SaaS solutions tailored for diverse EV fleet operators.
• The platform provides detailed reporting on battery degradation and charging expenses.
• Fine-grained access controls ensure privacy for different stakeholders in fleet management.

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Funding

Total Funding

$7M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

SV Angel

Notable Investors:

SV Angel

$7,000,000

Seed

Jun 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$7M