Overview

Standard Fleet provides online and mobile tools for managing electric vehicle (EV) fleets, catering to clients like delivery services, rental companies, carsharing platforms, leasing firms, and taxi operators. Their platform operates on a software-as-a-service (SaaS) model, generating revenue through subscription fees. It simplifies fleet management with features such as vehicle tracking, charge monitoring, and performance limitations to minimize wear and tear. Additionally, it offers detailed reporting on battery degradation and charging expenses, equipping fleet managers with essential data for optimizing operations. The platform includes fine-grained access controls, allowing different stakeholders to access relevant information while ensuring privacy. Currently in private beta, Standard Fleet's goal is to enhance the efficiency and cost-effectiveness of EV fleet operations.

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

$6.8M

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