Avrios has quietly raised $14M for an AI-fueled fleet management platform –

Funding Rounds

Summary

But with increased choice to balance, the job of the fleet manager looks set to get more challenging — both when it comes to negotiating with (more and smaller) suppliers; understanding costs and utility; and intelligently matching transportation solutions with business needs and staff desires, argues Avrios. But Avrios sees this as its foundational play, and is positioning its platform to support a much bigger shift it envisages coming down the pipe — as technologies such as electric cars gain in popularity and get increasingly slotted into business’ fleets. Its findings also suggest the vast majority of businesses (80%) are currently managing the looming shift in spreadsheets and Access databases — hence Avrios spying an opportunity to step in and support the disruptive market evolution. What he sees coming down the road is more exciting than tech that can automatically ingest French PDF invoices though — howsoever handy that might be — as businesses shift their policies to be able to accommodate a more richly fragmented mobility mix. “And even expand the addressable groups of their current mobility policy.” “It can be pretty motivating if, as an intern, you get access to an electric bicycle,” he continues, adding: “These are the kinds of things that we see our customers wrapping their heads around.” That said, this level of flexibility is only at pilot stage in Europe at present now though.

$ Funding

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Amount $6.2M Total raised
Date June 1, 2017 Announcement date
Investors investiere | Verve Capital Partners, Lakestar Advisors Germany GmbH, Notion Capital Lead investors
Company http://avrios.com Funded company

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industries
Transportation Industry
applications
Transportation, Logistics & Inventory

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