Telematics Remains Hot: FleetUp Raises $5 Million in Series B Funding

FleetUp, a provider of ELD/HOS compliance solutions for Intelligent Fleet Management, that completed a $5 million Series B financing round led HUMAX, the holding company of HUMAX Automotive, a leading in-vehicle infotainment and communications supplier for global automakers.

FleetUp reports that its latest financing will be used to “fuel the acceleration of product innovation, and drive expansion in customer acquisition, customer support, operations, and an aggressive go-to-market plan.”

Noted Sam Lee, CEO of FleetUp, “FleetUp’s intelligent fleet management solutions are intuitive, secure and designed for the needs of fleet companies and their drivers. And because FleetUp is the first ELD registered and approved by the FMCSA, we are filling a critical gap in compliance for transportation organizations that need actionable reporting into operating costs, Hours of Service, and more.”

FleetUp applies big data technologies to fleet management with a patented solution that enables companies to maximize profitability, improve driver safety, and comply with current and upcoming regulations more effectively. The FleetUp solution is offered as a Software-as-a-Service (SaaS), with hardware, cellular, and infrastructure costs bundled into the offering and leveraging a cloud-based data store with easy-to-use applications for both Android and iOS devices.

Category: Connected Fleet News, Featured, General Update