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§ Private Profile · 13894 S Bangerter Parkway, Suite 200, Draper, Utah 84020
Cloud-based fleet management and vehicle tracking solutions for SMBs, optimizing fleet operations, tracking mileage, and fuel efficiency.
Automile has raised $52.0M across 4 funding rounds.
Key people at Automile.
Automile has raised $52.0M in total across 4 funding rounds.
Automile is a Stockholm, Sweden-based technology company that provides cloud-based fleet management and vehicle tracking solutions for small to medium-sized businesses. The company operates a business-to-business software-as-a-service subscription model combined with proprietary plug-and-play telematics hardware to monitor vehicle health, track mileage, and optimize daily logistics operations. Prior to its strategic acquisition, the enterprise raised approximately $47 million in venture funding and successfully scaled its platform to serve over 10,000 business customers with tens of thousands of connected vehicles across its network. Automile received financial backing from notable institutional investors, including Insight Venture Partners and Jason Lemkin's SaaStr fund, before being acquired by the Norwegian telematics firm ABAX in October 2020. Following this transaction, its technology integrated into ABAX's broader ecosystem. The organization was originally founded in 2013 by Jens Nylander, Jacob Pontén, and Felix Rosén.
Key people at Automile.
Automile is a technology company specializing in fleet management and vehicle telematics solutions. It provides a comprehensive platform that includes real-time GPS tracking, vehicle diagnostics, maintenance scheduling, driver behavior monitoring, and automatic driving logs. Automile serves businesses of all sizes across sectors that rely on vehicle fleets, helping them optimize operations, improve driver safety, ensure regulatory compliance (such as ELD), and reduce costs. The company’s solutions are delivered via user-friendly hardware and cloud-based software accessible globally, supporting over 15,000 companies. Since its acquisition by ABAX Group in 2020, Automile has expanded its reach across North America and Europe, leveraging ABAX’s infrastructure to enhance its offerings and customer support[1][2][5].
Founded in 2014 by entrepreneurs with backgrounds in IoT and SaaS, Automile emerged from the need to simplify fleet management through smart, plug-and-play technology. The idea was to create a device that could be easily installed without tools or cables, providing instant access to vehicle and driver data. Early traction came from rapid adoption in Sweden and the U.S., supported by a $7.5 million Series A funding round in 2016 led by investors including Dawn Capital, Atomico Ventures, and Salesforce Ventures. This funding fueled growth in R&D and market expansion, particularly in the underpenetrated U.S. telematics market, where 84% of commercial vehicles lacked fleet management solutions at the time[2][6].
Automile rides the growing trend of digital transformation in fleet management, driven by increasing demand for operational efficiency, regulatory compliance, and data-driven decision-making in transportation and logistics. The timing is favorable due to expanding IoT adoption, stricter safety and environmental regulations, and the rise of connected vehicles. Market forces such as the need to reduce fuel consumption, improve driver safety, and automate administrative tasks create strong tailwinds. Automile’s easy-to-deploy, scalable solution lowers barriers for small and medium businesses to adopt telematics, thus broadening the ecosystem and accelerating industry digitization[1][6].
Looking ahead, Automile is positioned to deepen its integration within ABAX’s global platform, enhancing product capabilities with advanced analytics, AI-driven insights, and expanded compliance features. Trends such as electrification of fleets, autonomous vehicle technology, and increased regulatory scrutiny will shape its roadmap. Automile’s influence may grow by enabling more businesses to leverage telematics data for sustainability and operational excellence. Continued innovation in ease of use and ecosystem partnerships will be critical to maintaining competitive advantage and market share in a rapidly evolving telematics landscape[1][6].
Automile has raised $52.0M across 4 funding rounds. Most recently, it raised $34.0M Series B in October 2017.
Automile has raised $52.0M in total across 4 funding rounds.
Automile's investors include Insight Partners, 11.2 Capital, Andreessen Horowitz, Bessemer Venture Partners, Bond, C2 Investment, Cherry Ventures, Dawn Capital, Flex Capital, Frontline Ventures, General Atlantic, General Catalyst.
