Berlin-based fleet management startup Vimcar has secured € 12 million round of investment led by the Munich venture capitalist Acton Capital Partners with participation from UVC Partners, Atlantic Labs and Coparion. The startup will utilise the fund to expand its fleet management platform. Since its instigation, the company has raised a total capital of € 18 million.
Regarding the investment, Christoph Braun, the managing partner of Acton Capital Partners said, “Vimcar is a first-class software-as-a-service solution for the management of company vehicles, which is excellently accepted in the market.”
Vimcar – an efficient fleet management solution
Vimcar resuscitates fleet management for the corporate world by integrating commercial vehicles into the digital environment in an immaculate manner. The platform offers cloud-based cross-functional applications combining drivers and fleet managers for efficient data management. The real-time statistics of vehicular activity and location is updated through the GPS-enabled retrofit plug.
The most benefited sector is the small and medium enterprises owing to the lower operational cost through the digital platform for seamless fleet management replacing the age-old manual excel spreadsheet.
Headquartered in Berlin, Vimcar was founded in 2013 by Andreas Schneider, Christian Siewek and Lukas Weber. With employee strength of 90, the startup aggregates more than 50,000 vehicles catering over 5000 companies in Germany. Some of its clientele includes industry stalwarts like Allianz, Hertha BSC, ABUS, Zalando and Adecco.
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