Autofleet Closes Oversubscribed $20 Million Series B
Summary
TEL AVIV, Israel, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Autofleet, a leading optimization platform for fleet owners and operators today announced it has closed its oversubscribed $20 million Series B round of funding. In addition to growing its R&D team, Autofleet will use proceeds to open offices in Singapore, London and New York to accelerate growth and support clients in those markets. “We are thrilled with the participation of our new and returning shareholders, as well as the strategic investments from leading technology and automotive brands,” said Kobi Eisenberg, CEO of Autofleet. We also anticipate that we’ll be able to simultaneously contribute to the resolution of some of the urgent issues confronting society, including the environmental impact of increased CO2 emissions and labor shortages in logistics.” Autofleet’s platform leverages advanced machine-learning models for real-time demand prediction, automated generation and management of maintenance/servicing tasks, optimized dispatching and routing and dynamic pricing to help existing fleets become more efficient. Keyframe looks to build long term partnerships with companies, and to leverage its flexibility to help solve their most complex asset and corporate financing requirements.