Angel Investment into Fleet Management and Government Compliance Transport Tech is seeking Investment

By GarrettEverson
Posted On: 13 / Sep / 2022
0 662

Deal Details

Annual

Deal Type

Sell (Strategic Investors)
Maximum Loan

Industry

Tech- Based Business Platform
Charge

Deal Status

Active

Deal Description

Australian company in Fleet Management, Logistics compliance and telematics is seeking investment for new product. Designers have had experience developing US leading tech in similar field and seeking to refine it further. 

Will have Government approval along with AI integrations to reduce back office and improve efficiencies.

A strong contact in the leading postal service has expressed further interest in becoming a client verbally. We also have had discussions with ministers in Australia who are keen to see different elements be integrated into rideshares or taxis. Discussions about the legalisation of the platform and building as part of the government department have been discussed in Australia. 

Discussions with one of the largest grocery stores in Australia occurred and how to implement the tech into their operations. 
Currently, the project is seeking AU$400,000 for 20% negotiable (angel investment) as part of the first round of funding. 
First phase is the electronic work diaries and moving it into having detectable cameras for the drivers for fatigue. The other specs available are specialised payroll, admin services, navigation integration, freight management integration, Uber like service for logistics (metatrans), and many more benefits which help reduce overheads for the company.  The team is working towards driverless trucking technology for short and Long haul deliveries. Partnership and relationship building has been developed with large internet provider. 

No Files Attached

Deal Value
₹ 3.2 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed
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