Geotab, a provider of IoT and connected transportation, 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 three million EVs on the road today, Geotab is positioned to be a global 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 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 helps 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,” Cawse added.
