# The Ai Fleet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-ai-fleet

- Industry: Logistics & Distribution
- Headquarters: Austin, US
- Website: www.aifleet.com/
- Total disclosed funding: $55M
- Latest round: Series B (Apr 21, 2024)
- Investors on record: 9

## About

Based in Texas, US, and founded in 2020 by Marc El Khoury, and Mark Farkas, The Ai Fleet Inc., d.b.a. aifleet is a driver-centric trucking company powered by technology to manage fleet operations. In September 2024, The Ai Fleet Inc. raised USD 16 million in Series B funding led by Heron Rock Fund, with participation from Compound Planning, GC&H Investments, Ibex Investors, Obvious Ventures, Volvo Group Venture Capital, and Winthrop Square Capital.

The Ai Fleet Inc. provides fleet management AI solutions to fix the major problems, such as poor scheduling that drivers face. In addition, the company offers carbon-free shipments, load visibility, and on-time metrics.

The Ai Fleet Inc. plans to use its proceeds from a Series A funding to expand its fleet and grow technology capabilities.

## Funding rounds

- Series B, Apr 21, 2024, $20M — Volvo Group Venture Capital, Ibex Investors, Obvious, GC&H Investments, Winthrop Square Capital, Heron Rock Fund, Compound Planning
- Series A, Oct 2, 2023, $14M — Gerdau, Compound Ventures, Ibex Investors, Obvious, GC&H Investments
- Series A, Nov 16, 2021, $21M — Compound Ventures, Ibex Investors, Obvious

## Investors

- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Series A
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series A, Series B
- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series B
- Gerdau — Series A
- GC&H Investments (https://capitalatlas.ai/funds/gc-h-investments) — Series A, Series B
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series B
- Winthrop Square Capital (https://capitalatlas.ai/funds/winthrop-square-capital) — Series B
- Heron Rock Fund (https://capitalatlas.ai/funds/heron-rock-fund) — Series B
- Compound Planning — Series B