Fleet management startup, Fleeti, secures US$1.1m in seed funding

SIERRA LEONE – Fleeti, a start-up incubated at Estia and specializing in fleet management in Africa, has raised US$1.1 million from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and business angels.

This funding will allow the company to speed up the technological development of their solutions and expand its reach into new markets.

Founded in July 2020 by Iban Olçomendy and Gabriel Delerue (both EDHEC grads), Fleeti aims to help companies reduce their fuel consumption and improve the performance of their fleet.

Its technology, which combines embedded sensors and SaaS software, simplifies data collection and analysis to allow companies to easily obtain clear KPIs on their operations. Its solution is already deployed in four countries in Africa (Senegal, Ivory Coast, Ghana and Mauritius).

“When it comes to fleet management software, the first thing that comes to mind is geolocation. While this is an essential prerequisite for analysis, it is far from sufficient and often provides little added value to companies,” said Iban Olçomendy.

“Fleeti’s technology helps businesses better understand the power of data coming from their operations. In addition, we do not just send raw data to our customers but provide them with recommendations according to the sector in which they operate.”

With regional offices in Dakar and Mauritius, the staff of more than ten nationalities spans the Basque Country, the Technopole Izarbel, and Africa.

“The potential for rapid development in Africa, the expertise and the ambition of the founders convinced us to invest in this company to support it in its development,” Agathe Descamps, in charge of the development of Newfund NAEH, said.

In March 2021, Fleeti won the Bask’Invest competition, which was organized by the France-based Institute of Advanced Industrial Technologies (ESTIA) in collaboration with EY, CCI, and Airbus.

By raising US$1.1 million, and with more than 100 convinced customers in four countries (Senegal, Ivory Coast, Ghana and Mauritius), the company is reaffirming its ambition to become the technological leader in fleet management in Africa.

The team, which includes more than 10 nationalities, is based in the Basque Country, in the Technopole Izarbel, and in Africa, with regional offices in Dakar and Mauritius.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.