LocoNav provides an AI-driven fleet operations platform that delivers driver recommendations, performance monitoring, fuel tracking, and theft detection. Its platform supports more than a thousand devices and sensors, enabling rapid customer onboarding. Over half a million vehicles and fleet owners in 25 nations use LocoNav today. The company has grown largely via word of mouth and positions itself as a first mover in emerging markets not well served by large incumbents. LocoNav is using its vehicle-level data to build additional customer-relevant services and consolidate them on a single platform. The startup plans to hire data-science teams in San Francisco, Gurgaon and Bangalore and broaden product offerings to help fleet owners cut costs by as much as 50% over the next two years.

Total raised

$37M

Funding rounds

1

Latest round

Series B

Latest activity

Jun 2021