KeepTruckin, a San Francisco, CA-based provider of modern fleet management solutions, received an investment from ITOCHU Corporation.
The amount of the deal was not disclosed.
The company will use the funds to continue to expand its reach and develop its solutions.
Led by Shoaib Makani, CEO and co-founder, KeepTruckin is a comprehensive fleet management platform that consists of the KeepTruckin Electronic Logging Device (ELD), KeepTruckin Electronic Logbook App for iOS and Android, the KeepTruckin Smart Dashcam, and KeepTruckin Asset Gateway to connect vehicles, drivers, and fleet managers.
The KeepTruckin App Marketplace offers customers a catalog of customizable integrations that can improve operational efficiencies and increase productivity to save fleets money.
KeepTruckin is used by over 55,000 for hire carriers and over 250,000 vehicles.
ITOCHU is one of the largest Japanese trading companies listed on the Tokyo Stock Exchange. The strategic partnership will accelerate KeepTruckin’s business growth and reinforce ITOCHU’s vehicle/truck-sector product sales and financial and logistics capabilities.