BetterFleet secured the final close of its Series A funding round, totaling $15 million, as it continues to deploy its software to help fleets make cost-effective transitions to efficient, sustainable vehicles. 

BetterFleet’s Series A round was led by experienced venture and growth firms, including Aligned Climate Capital, Ecosystem Integrity Fund (EIF), and Remarkable Ventures Climate (RVC).

Fueling Continued Growth

This round of funding will help fuel the continued growth of BetterFleet, as it expands its user base to more than 200 customers across Europe, Asia-Pacific, and North America. 

The company’s unique AI-driven optimization technology provides the most comprehensive platform across sustainable fleet planning and operational management, focusing on complex mission-critical organizations in transit, government, utilities, and logistics.

By creating a digital twin of fleet operators' vehicles, energy infrastructure, and routes, the BetterFleet software platform enables customers to optimize the selection of hard assets–charging stations, vehicles, interconnection equipment, etc., — thereby avoiding significant overbuilding of infrastructure. Digital depot configurations are seamlessly integrated into live operational systems, ensuring that vehicles perform as required, asset utilization is optimized, and incidents can be addressed with minimal downtime. 

Working with fleets of up to 20,000 vehicles across thousands of depots, BetterFleet has helped customers save tens of millions of dollars to date, according to the company.

“As large, complex fleets transition to new technologies, inexperience, fear, and risk aversion often lead to overbuilding. At the same time, electric fleets require far more sophisticated management software to handle the increased complexity of operating these assets,” said Daniel Hilson, CEO of BetterFleet. “Our goal is to enable more sustainable and productive fleets, allowing the transition to zero emissions solutions, saving our customers billions, while reducing emissions by millions of tons annually.”

Investors in BetterFleet

Lead investors in this funding round include Aligned Climate Capital, an asset manager investing exclusively in the companies and projects advancing the shift to clean energy; Ecosystem Integrity Fund (EIF), a venture capital fund focused on enabling economically competitive solutions to sustainability problems; and Remarkable Ventures Climate (RVC), a venture capital fund backing the innovative companies driving the renewable energy transition.

“Electrifying vehicle fleets is an enormous challenge that requires careful planning across infrastructure, charging logistics, and operational efficiency. That’s why we’re excited to invest in BetterFleet — its AI-powered solution allows fleet operators to transition to EVs faster and more effectively, optimizing everything from energy consumption and charging schedules to climate impact and cost efficiency,” said Jonathan Axelrod, co-founder and managing director at RVC.