Automile
Latest round
- Series B
Last raised
- Oct 2017
Total raised
- $47M
Investors
- 6
About Automile
Automile Inc.Founded in 2014, Automile Inc. specializes in GPS fleet tracking and management solutions. The company is based in Draper, US. The founders, Felix Rosen and Jens Nylander, have previously been involved in entrepreneurial ventures. In November 2020, Automile was acquired by ABAX AS, enabling further growth and technological development.Automile specializes in GPS fleet tracking and management solutions designed to optimize fleet operations for businesses of various sizes, including small, medium, and large enterprises. Its core product offerings include real-time GPS tracking, automated routing, driver behavior monitoring, and comprehensive reporting tools that assist in managing fuel costs and emissions. The Automile Box, which allows for simple self-installation in under ten seconds, is compatible with all light-duty vehicles manufactured since 1996, making it accessible for a wide range of users. The platform serves over 15,000 companies, facilitating efficient fleet management with features such as idling alerts, speeding notifications, and paperless vehicle inspections.Automile generates revenue through a subscription-based model, providing a range of services that facilitate fleet management and tracking for its clients. The transaction structure largely revolves around direct business-to-business (B2B) interactions, where companies subscribe to Automile's services for ongoing access to its suite of tools and features. Customers typically select from various pricing plans that cater to different needs, enabling them to choose specific features such as real-time tracking, reporting, and alerts, thereby customizing their service experience. The company’s flagship product, the Automile Box, plays a crucial role in these transactions, as it enables users to access all the functionalities of Automile's platform seamlessly.Following the acquisition by ABAX AS in November 2020, Automile plans to leverage this partnership to enhance its technological capabilities and expand its product offerings. The company is focusing on developing new features and solutions to strengthen its market position and aims to penetrate additional markets across Europe and North America by 2022.
Who invested in Automile
6 investors across 3 rounds
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Questions about Automile
Who invested in Automile?
Automile has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Automile raised?
Automile has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Automile last raise money?
Automile's most recent round on record is a Series B, in Oct 2017.
What does Automile do?
Automile is a consumer products company.
Where is Automile headquartered?
Automile is headquartered in Draper, US.
Which VCs invest in companies like Automile?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer products companies at Automile's stage. Their profiles are linked below.
VCs backing consumer products startups at Series B
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