Intangles Raises $30M for Global Expansion of AI Fleet Solutions
Intangles, a trailblazing deeptech startup, has secured $30 million in its Series B funding round. The company, which offers AI-powered predictive analytics solutions to fleet operators and original equipment manufacturers (OEMs), plans to use the funds for international expansion and product development.
Intangles' platform currently supports over 400,000 vehicles across North America, Europe, Southeast Asia, and the Middle East, serving over 40 OEM and enterprise clients. Its offerings, including predictive health monitoring, driving behavior monitoring, and operations automation, can increase fleet owners' net profitability by up to 50% and provide a per-truck ROI of 5x.
The startup plans to expand into India, the United States, and Europe with the freshly raised funds. This expansion comes amidst a rise in India's deeptech innovations and increasing investor interest in the sector. The Series B round was led by Avataar Venture Partners, following Intangles' $10 Mn Series A funding round in February 2023, led by Baring Private Equity India.
Intangles aims to strengthen its product portfolio and grow its team with the $30 million raised. The company's successful funding rounds reflect the growing demand for innovative, data-driven solutions in the fleet management sector.
Read also:
- First Barge in 2025 Arrives at Onitsha River Port, Sparking Economic Hopes
- Tony Hawk's Memorabilia Auction Raises Record $1.2M for Skatepark Project
- Customs Raid in Germany's Hotel Industry Finds 12 Illegally Present Workers
- Trade Disputes Escalate: Trump Imposes Tariffs, India Retaliates; threatened boycott ranges from McDonald's, Coca-Cola to iPhones
