Fleeti, a Senegalese fleet management startup, has secured $1.1 million in a seed round led by Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and a group of new investors.
Fleeti, founded by Iban Olçomendy and Gabriel Delerue in July 2020, adds a new dimension to Africa’s fleet management business. Its technology, for example, enables businesses to cut costs associated with car fleets.
Data collection from vehicles, machines, and equipment is complicated and difficult for businesses to understand. Fleeti’s technology streamlines data gathering and analysis to provide value on three levels: cost savings, increased safety, and reduced environmental impact.
“The first thing that comes to mind when we talk about fleet management software is tracking. While this is a basic precondition for analysis, it is insufficient and provides little benefit to organizations. Fleeti’s technology enables businesses to better comprehend the value of the data generated by their operations.
“Furthermore, we don’t only deliver raw data to our customers; we also give them advice depending on their industry,” Iban Olçomendy explains.
“The potential for quick expansion in Africa, as well as the competence and desire of the founders, convinced us to invest in Fleeti to support its development,” says Agathe Descamps, director of development at Newfund NAEH.
The company maintains its objective to become Africa’s technical leader in fleet management by financing $1.1 million and having over 100 customers in four countries (Senegal, Ivory Coast, Ghana, and Mauritius).
With this round of funding, the company will be able to accelerate the technological development of its service and expand its reach into new markets.
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