# AxleHire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axlehire

- Industry: Logistics & Distribution
- Headquarters: Berkeley, US
- Website: www.axlehire.com
- Total disclosed funding: $34M
- Latest round: Series B (Sep 28, 2020)
- Investors on record: 6

## About

AxleHire, Inc. is a technology-driven vehicle rental company that provides tailored logistics solutions through its innovative fleet of commercial vehicles, designed to serve diverse industries efficiently.Founded in 2015, AxleHire, Inc. operates in Berkeley, US, offering a range of vehicle rental solutions. The company has completed 4 deals, with the latest funding of USD 1.5 mn raised on November 12, 2021. The CEOs are Adam Bryant and Raj Ramanan.AxleHire specializes in providing innovative vehicle rental solutions tailored to meet the needs of a diverse clientele. Their core offerings include a fleet of commercial vehicles designed for various sectors, including logistics, construction, and transportation services. These vehicles are equipped with state-of-the-art technology to enhance operational efficiency, reduce downtime, and facilitate seamless logistics management. By focusing on user-friendly interfaces and reliable service delivery, AxleHire aims to address critical challenges such as fleet management, cost efficiency, and environmental sustainability. The company serves a broad client base across multiple geographical markets, including urban centers in North America and Europe, where the demand for flexible and scalable vehicle rental solutions is on the rise.AxleHire generates revenue through a structured pricing model that encompasses both short-term rentals and long-term leasing agreements with its clients. Their business transactions are predominantly B2B, catering to companies that require reliable transportation solutions for their operations. Clients typically engage in contracts that stipulate rental durations and vehicle types, with pricing tailored based on the specific needs of each customer. For instance, flagship services may include customizable packages that allow businesses to select a mix of vehicle classes according to their operational demands. This approach not only ensures client satisfaction but also fosters long-term partnerships, thereby contributing to the company’s sustainable revenue growth.AxleHire plans to utilize its recent funding of USD 1.5 mn raised in November 2021 to develop new vehicle models tailored for specific industries and expand its presence in targeted urban centers across North America and Europe. By the end of 2023, the company aims to launch these new products while enhancing its logistics technology to improve operational efficiency. This strategic growth initiative is designed to meet the increasing demand for flexible vehicle rental solutions in new markets.

## Funding rounds

- Series B, Sep 28, 2020, $18M — Quiet Logistics, Bee Partners, Eclipse Ventures, Acorn Pacific Ventures, Ajax Strategies
- Series A, May 23, 2019, $11M — Bee Partners, Eclipse Ventures, Acorn Pacific Ventures
- Seed, Dec 18, 2017, $4.3M — R/GA Ventures, Acorn Pacific Ventures

## Investors

- R/GA Ventures (https://capitalatlas.ai/funds/r-ga-ventures) — Seed
- Acorn Pacific Ventures (https://capitalatlas.ai/funds/acorn-pacific-ventures) — Seed, Series A, Series B
- Bee Partners (https://capitalatlas.ai/funds/bee-partners) — Series A, Series B
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A, Series B
- Quiet Logistics — Series B
- Ajax Strategies (https://capitalatlas.ai/funds/ajax-strategies) — Series B