LocoNav’s harnesses IoT technology to offer fleet owners and drivers a single platform for telematics, driver management, fleet compliance and more
The Gurugram-headquartered startup has raised $37 Mn in fresh funding from Quiet Capital, Anthemis, Sequoia, Foundamental and others
LocoNav’s founders claim that fleet management industry is currently fragmented with customer-relevant services being offered in silos, which LocoNav is looking to disrupt
Fifteen months after the pandemic threatened to wipe out business value and growth everywhere, things are seemingly coming back on track. One of the major indicators of this is the Google ‘Community Mobility Report’, which aims to provide insights into how movement of people, fleets of cars and other transport has changed.
After a huge drop in April and May, visits to nearly every place of interest have grown, including visits to workplaces and more — indicating just how quickly things have revived from June, after the second wave in India. Even though the overall movement is well under the baseline, things are rapidly changing and movement of people and vehicles will once again pick up pace, the data indicates. Capitalising on this revival at an early stage will be critical and fleet management tech startup LocoNav is looking to do just that with its $37 Mn Series B round, announced today (June 29).