Fleetclear (ISS)

Provider of integrated telemetry and vehicle safety systems for industrial vehicles.

Website

fleetclear.com

Sector

Business Services / Tech-enabled Services

YFM investment

Undisclosed

Investment date(s)

2020

Deal type

Buyout

Location

Pershore

"As we seek to further develop pioneering new software projects that will provide fleet operators with a genuinely differential level of information and visibility, common across their whole fleet, the need for investment and a partner that could support our aspirations was critical. The partnership with YFM will support and accelerate these plans, along with providing additional and ongoing investment into our market leading aftersales service. One of the key drivers for partnering with YFM was a clear cultural fit and their appreciation of our ethos around customer excellence and the importance of ongoing innovation."

Gavin Thoday, CEO

The Business

Fleetclear develops intelligent technology that helps make roads, public spaces and essential services safer and more efficient. Its solutions combine vehicle safety, telematics and AI-powered vision systems to support organisations operating across waste management, local authorities and commercial fleets.

Since YFM’s investment, Fleetclear has continued to innovate, launching LiveLane, an AI-powered safety system that warns roadside operatives of approaching vehicles. This innovation builds on the company’s strong reputation for using technology to solve real operational challenges.

YFM invested because of Fleetclear’s technical expertise, strong management team and the growing demand for intelligent fleet and road safety solutions. It’s a great example of the businesses we look to back through our Buyout Fund – experienced teams using technology and innovation to solve real-world challenges.

In the News

Van Fleetworld

Fleetclear helps Eastleigh Borough Council reach 99% fleet coverage and improve efficiency