FleetUp Brings in New CEO and $20 Million in Funding

FleetUp, a leading provider of ELD/HOS compliance solutions for fleet management, announced the completion of $20 million in funding. At the same tie, HUMAX placed its corporate chief strategy officer and president of HUMAX Americas & China, Albert Son, PhD, as FleetUp’s new chief executive officer.

Son has served as a leading executive at HUMAX for the last two decades, pioneering corporate strategic alliance and global expansion throughout Europe, Asia, and fueling $700M in revenue for the Americas market alone. In his new role at FleetUp, Son will bring his strategy formulation expertise and business development experience to bear in leading the intelligent fleet management solution for the company’s Americas and international markets.

“HUMAX believes in FleetUp’s potential to scale globally —so much so that we decided to place our top executive as the new CEO, and invest $20 million in the company’s fleet technology solutions,” said Kim Tae-Hun, CEO of HUMAX.

FleetUp’s North American expansion initiative launches in advance of the 2020 Canadian ELD Mandate, as announced by Canadian Transport Minister Marc Garneau on December 18, 2017.

FleetUp offers a patented, FMCSA-compliant suite of GPS and ELD/Compliance applications for the transportation industry, offering fleets and companies of all sizes unprecedented insight into their operations, and empowering them with actionable data to optimize the efforts of vehicles and drivers. For a demonstration, visit fleetup.com.

Category: Connected Fleet News, General Update, News