# Axlerate

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

- Industry: IT Security/Cybersecurity
- Headquarters: Chennai, India
- Website: www.axlerate.com
- Latest round: Seed (Jun 1, 2012)
- Investors on record: 2

## About

Axlerate is a fintech company specializing in innovative fleet management solutions for the logistics industry, providing a range of financial and operational tools to enhance efficiency.Founded in Chennai, India, Axlerate focuses on delivering integrated fintech solutions, including fleet management tools and financial services for logistics. The company has not undergone any significant pivots or changes in its business operations. Axlerate was established by a team of industry professionals and has been active in securing investments, with its latest funding round occurring on October 21, 2015, from Mercatus Capital and individual investors.Axlerate offers a comprehensive fintech platform tailored for fleet management, featuring products like AxleTags for toll payments, AxleCards for fuel and prepaid transfers, and AxleDrive for GPS tracking and AI-driven fleet analytics. The platform also includes AxlePay for streamlined transactions and AxleFinance for securing loans and insurance, serving a diverse clientele across India with plans for market expansion into other Asian regions.In the most recent year of 2021, Axlerate reported zero revenue, with an EBITDA of -260.Axlerate's future growth strategy includes the development of new products designed to enhance its current service offerings, with specific release dates to be announced. The company is targeting expansion into additional Asian markets, aiming to broaden its reach by 2023. Recent funding from October 2015 will support these initiatives and facilitate the launch of innovative features across its platform.

## Funding rounds

- Seed, Jun 1, 2012 — Expara, National Research Foundation

## Investors

- Expara (https://capitalatlas.ai/funds/expara) — Seed
- National Research Foundation — Seed