# Locomation

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

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.locomation.ai
- Total disclosed funding: $5M
- Latest round: Seed (Jun 21, 2018)
- Investors on record: 5

## About

Locomation, Inc. is a technology company focused on transforming logistics through automated systems, providing innovative solutions that enhance operational efficiency in the transportation sector.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. As of June 2020, the company raised USD 5.98 mn from Proeza Ventures and other investors, marking its significant funding milestone.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 client base includes logistics providers and freight companies, primarily in North America, with a commitment to facilitating sustainable transportation practices.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. Flagship services include premium automation packages that enhance operational performance and compliance, providing clients with substantial value for their investment.Locomation, Inc. plans to leverage the USD 5.98 mn raised in June 2020 to enhance its automation technologies and expand its product offerings in the logistics sector. 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.

## Funding rounds

- Seed, Jun 21, 2018, $5M — Plug and Play, Motus Ventures, Reshape Holdings, Firebrand, Blackhorn Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Motus Ventures (https://capitalatlas.ai/funds/motus-ventures) — Seed
- Reshape Holdings (https://capitalatlas.ai/funds/reshape-holdings) — Seed
- Firebrand (https://capitalatlas.ai/funds/firebrand) — Seed
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed