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Acquiring FleetCarma - Expanding Our EV Offering | Geotab

Published on June 12, 2018


Acquisition secures Geotab as the global leader in telematics

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Toronto, ON - June 12, 2018 - Geotab, a global leader in IoT and connected transportation, today announced 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 that has been critical to the adoption and operation of EVs for over 10 years.

 

The acquisition of FleetCarma accelerates Geotab’s long-standing commitment to investing in the people and technology required to be the global leader in telematics for EVs. With the adoption of electric vehicles increasing over the past several years, resulting in more than 3 million EVs on the road today, Geotab is positioned to be the global, dominant telematics player for electric vehicle fleet management.

 

“Geotab’s long-standing commitment to sustainability and innovation is further amplified by the acquisition of FleetCarma,” said Neil Cawse, CEO, 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 highly talented, EV-focused team at FleetCarma, which is based in “Silicon Valley North” within 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.”

“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.

About FleetCarma

FleetCarma, is an award-winning clean-tech information and technology company that has been providing solutions to manage and accelerate the transition to electric vehicles (EVs), since 2007. A robust cloud platform and specialized hardware are at the core of the company’s global product offering. FleetCarma manages hundreds of active client engagements around the globe which include electric utilities, municipal and federal governments, military and commercial fleets and transportation research labs. FleetCarma’s technology solutions are critical to managing the transition to an electric transportation infrastructure. In short, FleetCarma drives electric vehicle adoption.

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Hanna Corrente

Manager, Strategic Communications & Public Affairs

pr@geotab.com

About Geotab

Geotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organizations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace, offers hundreds of third-party solution options. Backed by a team of industry leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com, follow @GEOTAB on X and LinkedIn or visit the Geotab Blog.

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