# LocoNav

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

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.loconav.com
- Total disclosed funding: $43M
- Latest round: Series B (Jun 18, 2021)
- Investors on record: 8

## About

Based in Delaware, US, LOCONAV INDIA PRIVATE LIMITED, trading under the name LocoNav specializes in advanced fleet management solutions, utilizing AI and IoT technologies to enhance vehicle safety and operational efficiency across various industries. Founded in 2016 in Delaware, US, LOCONAV INDIA PRIVATE LIMITED, trading under the name LocoNav provides innovative fleet management solutions. The company was co-founded by Arundhati Bajaj, Shridhar Gupta, and Vidit Jain, and is currently led by CEO Samit Srivastava. Loconav has raised a total of USD 35.63 mn in funding, including a Series B round on June 18, 2021, co-led by new investors such as Anthemis Group and Sequoia Capital. The company has executed 5 deals and holds a current valuation of USD 187.15 mn.Loconav specializes in fleet management solutions that leverage advanced technologies like AI and IoT to enhance vehicle safety and operational efficiency. The core offerings include real-time vehicle tracking, fuel monitoring, video telematics, and driver behavior analysis, all integrated into a single platform. These services address critical challenges in the transportation and logistics sector, including safety hazards and fuel inefficiencies. Loconav's solutions are utilized by a diverse client base in markets such as India, the USA, and UAE, aimed at optimizing operations and reducing costs.In 2022, Loconav reported revenues of USD 85,815.40 and an EBITDA of USD 162,555.70. Their revenue model is primarily subscription-based, allowing clients to access various tiers of fleet management solutions, which cater to different operational needs and potentially include customized features.Following the Series B funding in June 2021, Loconav plans to utilize the USD 35.63 mn raised to expand its market presence in developing regions. The focus will be on enhancing product offerings and entering new geographical markets to further establish its fleet management solutions. Specific details on upcoming product launches or timelines for expansion have not been disclosed. In October 2025, Sensorise acquired Loconav from Sequoia Capital, Foundamental, Anthemis, Musha Ventures, Quiet Capital, RIT Capital Partners, Uncorrelated Ventures, Village Global. Financial terms of the transaction were not disclosed. The acquisition aims to support Sensorise enhanced its infrastructure and product offerings by integrating Loconav capabilities and services.

## Funding rounds

- Series B, Jun 18, 2021, $36M — Hong Shan, RIT Capital Partners, Anthemis, Village Global, Quiet Capital, Foundamental, Musha Ventures, Uncorrelated Ventures
- Series B, Sep 9, 2019 — Foundamental
- Series B, May 23, 2019, $4M — Hong Shan
- Series A, Oct 16, 2017, $3.4M — Hong Shan

## Investors

- Hong Shan — Series A, Series B
- Foundamental (https://capitalatlas.ai/funds/foundamental) — Series B
- RIT Capital Partners — Series B
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series B
- Village Global (https://capitalatlas.ai/funds/village-global) — Series B
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Series B
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Series B
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series B