The combined executive teams of Autofleet and Element Fleet Management pose for a photo to celebrate the acquisition announcement.
On August 14, Autofleet, a fleet and mobility operations platform, announced that it had entered into an agreement to be acquired by fleet management services provider Element Fleet Management Corp.
Founded in 2018 by Kobi Eisenberg and Dor Shay, Autofleet has a staff of 70 developers, engineers, and data scientists. The company will continue to operate independently post-acquisition.
According to a joint press release, the acquisition “positions Autofleet to leverage Element’s extensive global resources while continuing to spearhead innovation within the mobility industry.”
More About Autofleet & Its Services
Autofleet’s platform provides services for mobility operations around dispatching, routing, demand prediction and fleet rebalancing, dynamic passenger pooling, and future order planning.
The company operates across multiple fleet and mobility industries, including taxi/rideshare, rental, delivery and logistics, micromobility, and non-emergency medical transportation. Autofleet operates in over 20 countries across 5 continents.
According to its website, clients include Revel, Keolis, Bluebird, Mobility-on-Demand, Alto, AVL Taxi, and Earth Rides.
C-Suite Weighs In on Autofleet and Element Transaction
“This partnership represents a powerful alignment of two companies with shared aspirations and cultures, and enables us to leverage Element’s commercial organization and leadership to accelerate new growth areas for the business,” said Kobi Eisenberg, CEO of Autofleet.
“Having previously worked with Autofleet and witnessed the common culture, commitment to clients, and focus on delivering impactful results that our two companies share, we are thrilled to welcome them to the Element organization as an integral part of our business,” said Laura Dottori-Attanasio, president and CEO of Element.
“We are confident their expertise will enable us to fast-track the modernization of our digital capabilities, enhance our ability to scale our core business more quickly, and ultimately deliver increased value to our clients and shareholders. Together, we will move the world through intelligent mobility.”
“Our Autofleet journey started with a vision to empower fleet owners with advanced technology to optimize fleet operations,“ added Dor Shay, Chief Technical Officer and co-founder of Autofleet. “This acquisition reflects our success in building a world-class optimization platform, and will allow us to continue to deepen our innovation and service offerings.”
Autofleet & Element Outline Synergies Post Acquisition
In an email exchange with Automotive Fleet, Autofleet and Element jointly responded to questions for further details.
The companies said that “the acquisition will drive new growth opportunities for Autofleet by leveraging Element’s resources, operational scale, and commercial team.”
Autofleet will continue to focus on developing tech solutions for fleet and transportation operators by “driving new growth opportunities both internally and externally,” and by delivering technological improvements to the client experience and the joint companies’ digital capabilities.
The combined companies look to create “a fluidly adaptable solution that can meet the evolving needs of the market with proactive, enhanced service offerings.”
For Element, combining Autofleet’s digital technology with Element’s operating scale will allow Element to accelerate its technology roadmap by expanding its digital capabilities, enhancing operational efficiencies in its core business, and delivering future-focused mobility solutions.
