Geotab, a global leader in IoT and connected transportation, announces 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 for the adoption and operation of EVs since 2007. A cloud platform and specialized hardware are at the core of the company’s global product offering. FleetCarma active client engagements around the globe include electric utilities, municipal and federal governments, military and commercial fleets and transportation research labs.
The acquisition of FleetCarma accelerates Geotab’s commitment to leading in telematics for EVs globally. With the adoption of EVs increasing every year, with now more than 3 million EVs on the road today, Geotab is positioned to be the dominant telematics player for EV fleet management.
Geotab focuses on advancing security, connecting commercial vehicles to the internet, and providing web-based analytics for improved fleet management. The company allows both small and large businesses to automate operations by integrating vehicle data with their data assets. 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 long-standing commitment to sustainability and innovation is further amplified by the acquisition of FleetCarma,” said Neil Cawse, CEO of 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 EV-focused team at FleetCarma, which is based in “Silicon Valley North” in 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.”
Stevens also recently said telematics will play an important role in fleet adoption of EVs in the near term.
“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's customers are primarily utility fleets in North America and Europe who are using their products to better understand and manage the impact that EV charging has on the electric grid, according to Geotab.
Terms of the purchase were not disclosed.
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