Fleeti, a Senegalese fleet management startup, has raised $1.1 million to improve fleet management in Africa

Fleeti, a Senegalese fleet management startup, has raised $1.1 million in a seed round headed by Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and a new investment group.

Fleeti, launched in July 2020 by Iban Olçomendy and Gabriel Delerue, brings a new dimension to Africa’s fleet management market. Its technology, for example, helps firms to save money on car fleets.

Data collecting from cars, machines, and equipment is sophisticated and difficult to grasp for organizations. Fleeti’s technology automates data collection and analysis, resulting in value on three levels: cost savings, increased safety, and reduced environmental impact.

“When we talk about fleet management software, the first thing that springs to mind is tracking.” While this is a necessary prerequisite for analysis, it is insufficient and offers little advantage to companies. Fleeti’s technology enables organizations to have a better understanding of the value of the data generated by their operations.

“Furthermore, we don’t only supply raw data to our customers; we also give them industry-specific advise,” Iban Olçomendy continues.

“The potential for rapid expansion in Africa, as well as the founders’ skill and drive, led us to invest in Fleeti to support its development,” says Agathe Descamps, development director at Newfund NAEH.

By financing $1.1 million and having over 100 customers in four countries, the company retains its goal of becoming Africa’s technological leader in fleet management (Senegal, Ivory Coast, Ghana, and Mauritius).

The company will be able to accelerate the technological development of its service and expand its reach into new markets thanks to this round of funding.