Hoopo, a Glil Yam, Israel-based provider of asset and fleet visibility solutions for connected fleets, raised USD10m in Series A funding.
The round, which brings total amount raised to date to $17m, was led by led by ZIM and theDOCK, and joined by new and existing investors TAU Ventures, HICO, and others. Previous investors included Chartered Group, GiTV, and private investors such as Ben Marcus, Zohar Gilon, and Ido Greenberg.
The company intends to use the funds to further growth in the transportation, aviation, and waste management space, develop a tracking solution for the maritime industry, transforming dry containers into smart, manageable fleets. Each tracking unit will be designed to last for the asset’s entire lifetime, while ensuring item-level visibility.
Led by CEO Ittay Hayut, Hoopo provides asset and fleet visibility solutions for connected fleets, which helps businesses to track and manage their operations, inventory, and equipment by giving access to real-time data and analytics. The solution tracks and monitors unpowered assets by leveraging innovative power-efficient tracking technology, creating long-lasting, highly durable, and affordable tracking units suitable for any fleet size. The intelligent location technology can be used across complex logistic operations, including transportation, aviation, waste management, and maritime. Customers who use the solutions improve their asset utilization and cycle times, identify bottlenecks, optimize operations for higher efficiency, and offer elevated customer experience.
FinSMEs
12/08/2022