Fleetio, a Birmingham, AL-based provider of a fleet optimization software platform, raised over $450M in Series D funding.
The round was led by Elephant and new investor Growth Equity at Goldman Sachs Alternatives.
The company has also acquired Auto Integrate, a provider maintenance authorization platform, valuing the combined business at over $1.5 Billion.
The acquisition will create a platform designed to serve fver 8 million vehicles and process more than 13 million repair orders per year through its network of 110,000+ repair shops across the United States, Canada, and Mexico.
Led by CEO Terry Bartlett, Auto Integrate provides software that enable repair shops to electronically submit repair orders for approval, reducing vehicle downtime and improving operational efficiency.
Led by CEO Jon Meachin, Fleetio provides fleet optimization platform that offers comprehensive solutions and resources to run, repair and optimize vehicles and assets, allowing fleets to gain a better control. Its marketplace supports a vast maintenance provider network, enabling fleets to efficiently manage outsourced maintenance and repair.
The company serves more than 7,500 public and private fleets of all sizes in more than 100 countries across a wide array of industries.
FinSMEs
25/03/2025