Fleeti has just raised three million euros ($3.1M) in funding, an amount that will allow the Franco-Senegalese fleet management start-up to expand its presence on the African continent, notably in the nine countries where it now operates.
The startup, on the other hand, is relying on this capital to launch new products and continue to spend in R&D.
The investment came from investors including Newfund, Janngo Capital, PG Dev, and Proparco.
“The support of these investors demonstrates the relevance of our model and our ability to execute a vision in France and on the African continent. Our technology has the potential to positively transform the way of managing its operational chain so that it is more efficient, sustainable and secure,” says Iban Olçomendy, co-founder and CEO of Fleeti.
Fleeti, founded in 2020 by Iban Olçomendy and Gabriel Delerue, provides a SaaS platform. The latter combines data analysis with artificial intelligence. So, the programme allows you to geolocate automobiles, assess fuel usage, and verify cold chain monitoring, as well as approve car sharing, control of safety measures, and even maintenance management.
read also Senegal-based Fleet Management Startup, Fleeti, Secures $1.1m In Seed Funding
Fleeti thus assures that enterprises utilising its platform are able to “lower their fuel usage by up to 20% and raise the productivity of their fleet by 15% on average and strengthen operational safety”.
Presently, the Fleeti platform is used by 200 clients, some of which are multinational corporations such as Auchan, Vivo Energy, and Fedex.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard