Geotab Acquires FleetCarma, Positioning Geotab as Dominant Player for Electric Vehicle Fleet Management
Original Source: Business Wire
Published: June 12, 2018
TORONTO–(BUSINESS WIRE)–Geotab, a global leader in IoT and connected transportation, today announced the acquisition of clean-tech solution provider, FleetCarma. Specializing in Electric Vehicle (EV) telematics, FleetCarma is a forerunner in the electric vehicle industry, providing technology that has been critical to the adoption and operation of EVs for over 10 years.
The acquisition of FleetCarma accelerates Geotab’s long-standing commitment to investing in the people and technology required to be the global leader in telematics for EVs. With the adoption of electric vehicles increasing over the past several years, resulting in more than 3 million EVs on the road today, Geotab is positioned to be the global, dominant telematics player for electric vehicle fleet management.
“Geotab’s long-standing commitment to sustainability and innovation is further amplified by the acquisition of FleetCarma,” said Neil Cawse, CEO, Geotab. “We are excited to expand our presence in the EV space and offer our current and future customers a reliable telematics solution to help meet their changing business and fleet needs.”
The highly talented, EV-focused team at FleetCarma, which is based in “Silicon Valley North” within Waterloo, Ontario, specializes in providing telematics for hybrid and electric vehicles. With customers in North America and Europe, FleetCarma also empowers utility companies to understand and manage the impact that EV charging has on the electric grid.
“Combining FleetCarma’s unique EV telematics capabilities with Geotab’s proven open-platform solution is exactly what our customers want and the industry needs,” stated Matt Stevens, CEO of FleetCarma. “Together, as we continue to drive electric vehicle adoption, we will provide a complete solution that will not only benefit customers, but society as well.”
“With this acquisition, Geotab is now strongly positioned to help accelerate the uptake and EV infrastructure planning amongst both fleets and communities around the world,” added Cawse.
FleetCarma, is an award-winning clean-tech information and technology company that has been providing solutions to manage and accelerate the transition to electric vehicles (EVs), since 2007. A robust cloud platform and specialized hardware are at the core of the company’s global product offering. FleetCarma manages hundreds of active client engagements around the globe which include electric utilities, municipal and federal governments, military and commercial fleets and transportation research labs. FleetCarma’s technology solutions are critical to managing the transition to an electric transportation infrastructure. In short, FleetCarma drives electric vehicle adoption.
Geotab is advancing security, connecting commercial vehicles to the internet and providing web-based analytics to help customers better manage their fleets. Geotab’s open platform and Marketplace, offering hundreds of third-party solution options, allows both small and large businesses to automate operations by integrating vehicle data with their other data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons. Processing billions of data points a day, Geotab leverages data analytics and machine learning to help customers improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety, and achieve strong compliance to regulatory changes. Geotab’s products are represented and sold worldwide through Authorized Geotab Resellers. To learn more, please visit www.geotab.com and follow us @GEOTAB and on LinkedIn.