Locomation
Latest round
- Seed
Last raised
- Jun 2018
Total raised
- $5M
Investors
- 5
About Locomation
Locomation, Inc.Founded in 2016 in Pittsburgh, US, Locomation, Inc. develops advanced automation technology for the trucking industry. The company was co-founded by Venkataramanan Rajagopalan and Çetin Meriçli, who has a background in engineering and technology innovation.Locomation, Inc. specializes in providing a comprehensive suite of automation solutions designed for the logistics and transportation industries. Their core offerings include advanced autonomous driving technology and fleet management systems tailored to optimize and streamline operations for businesses of varying sizes in the trucking sector. These solutions focus on enhancing efficiency, improving safety, and lowering operational costs.The company generates revenue through a subscription-based model, where clients pay for access to its automation technology and support services on a recurring basis. This structure is aimed at fostering long-term partnerships with clients, allowing them to scale services according to their operational needs. The pricing strategy is tiered, catering to both small logistics firms and large enterprises, ensuring flexibility across different service levels.Locomation, Inc. The company is actively designing new features aimed at improving fleet efficiency and safety, with plans to launch these advancements by early 2022. Additionally, there are strategic efforts to expand into new geographic markets, specifically targeting Europe and parts of Asia by 2023, to broaden its client base and drive growth.
Who invested in Locomation
5 investors across 1 round
See all investors in Locomation
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Jun 21, 2018
Amount
$5M
Investors
Questions about Locomation
Who invested in Locomation?
Locomation has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Locomation raised?
Locomation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Locomation last raise money?
Locomation's most recent round on record is a Seed, in Jun 2018.
What does Locomation do?
Locomation is a software company.
Where is Locomation headquartered?
Locomation is headquartered in Pittsburgh, US.
Which VCs invest in companies like Locomation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Locomation's stage. Their profiles are linked below.
VCs backing software startups at Seed
Raising like Locomation? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.