Fleetx.io, a Gurugram-based fleet management startup, announced that it had raised $3.1 million in pre-Series B funding from existing investors, including Singapore-based Beenext and India Quotient.

As per the startup, it plans to use the funds to double down on product and expansion plans to meet the growing digitization demand in logistics post COVID-19.

The startup plans to use the additional funds for scaling in India and other markets, strengthening product and technology, and hiring talent.

Founded by Vineet Sharma, Udbhav Rai, Parveen Kataria, Abhay Jeet Gupta, and Vishal Misra, Fleetx is an intelligent fleet management platform that helps fleet owners make smart decisions based on real-time, insightful analytics.

Fleetx helps fleet owners to maximize profit by monitoring the fleet’s health & performance under a centralized platform, accessible from anywhere.

Talking about the funding round, Vineet Sharma, CEO and Co-founder of Fleetx said,

“We are already at pre-COVID growth numbers and see a significant demand surge for software and digitization in the near future. We will use these funds to tap post-COVID digitization opportunities by strengthening our product/tech even further and expanding our presence in India and other markets.”

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