Autofleet, a Tel Aviv, Israel-based provider of AI-powered fleet optimization and vehicle-as-a-service solutions, raised $7.5m in Series A and seed financing.
The Series A was led by MizMaa Ventures with participation from mobility-focused investors Maniv Mobility, Next Gear Ventures and Liil Ventures. The seed financing was led by Maniv Mobility.
The company intends to use the funds to accelerate expansion into more international markets, help grow its research and development team, and accelerate its work to create new opportunities for utilizing vehicle fleets.
Led by CEO Kobi Eisenberg, Autofleet provides a Vehicle-as-a-Service platform for fleets to optimize existing operations and to launch new business models from existing assets. The platform leverages advanced machine-learning algorithms for demand prediction, optimized placement and matching, automated pit-stop management and in/de-fleeting, and more. The company has already partnered with global fleets and manufacturers such as Avis Budget Group, Zipcar, Keolis and Suzuki.