INSUBCONTINENT EXCLUSIVE:
On-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit
redirect underused vehicles into ride-hailing and delivery services, wants to solve that mission impossible
Now, the company founded by former Avis and Gett employees, has raised $7.5 million in seed and Series A funding to expand into
international markets and grow its research and development team.The Series A was led by MizMaa Ventures with participation from Maniv
Mobility, Next Gear Ventures and Liil Ventures
Its seed financing was led by Maniv Mobility.Autofleet developed a fleet management platform that can be used by rental car companies, car
sharing operators and automakers to launch or better manage mobility services
The platform includes a booking app and integrations to delivery services, demand prediction, pooling and optimization algorithms as well as
a driver app, and control center
The company also has developed a simulator tool that lets operators plan how a fleet will be deployed before a single vehicle hits the
road.For example, a rental company with abundant inventory and little demand for traditional multi-day contracts could use the platform to
launch and then manage a car-sharing service
Autofleet already has partnerships with Avis Budget Group, Zipcar, Keolis and Suzuki .That focus on managing supply side constraints is
biggest markets today are in Europe and the United States , CEO Kobi Eisenberg told A Technology News Room
The company is seeing early traction and fast growth in Latin America and Asia-Pacific
that region.Autofleet is also looking for new opportunities for how vehicle fleets can be used, including ways to help micromobility
fleet partners around the globe who are experiencing dramatic drops in demand, and therefore significant portions of their fleet and drivers
