BetterFleet Raises $15 Million in Series A

BetterFleet Raises $15 Million in Series A

BetterFleet, an Ann Arbor, MI-based software company specializing in electric vehicle (EV) fleet management solutions, has raised $15 million in Series A funding.

The round was led by Aligned Climate Capital, Ecosystem Integrity Fund (EIF), and Remarkable Ventures Climate (RVC).

Aligned Climate Capital is an asset management firm founded in 2019, focusing on investments that support the transition to a clean energy economy. It manages over $2 billion in assets, concentrating on sectors like renewable energy, electric vehicles, energy efficiency, and carbon capture.

The funding will be use to scale BetterFleet's AI-powered optimization platform, expand its customer base globally, and enhance its digital twin technology for fleet infrastructure planning and operational management.

BetterFleet provides a SaaS platform that empowers mission-critical transit, government, utilities, and logistics fleets to make cost-effective transitions to efficient, sustainable technologies. Its solutions include fleet management, EV charging infrastructure, and data-driven insights to optimize efficiency, reduce costs, and ensure a smooth shift to zero-emission vehicles. By leveraging advanced AI and digital twin technology, BetterFleet helps fleets select the right vehicles and infrastructure. Founded in 2016 in Sydney, Australia, BetterFleet is the new brand name of EVenergi. The company has served over 200 complex fleets across North America, Europe, Singapore, and Australia.

Funding Details

Company: BetterFleet

Raised: $15.0M

Round: Series A

Funding Date: March 2025

Lead Investor: Aligned Climate Capital

Additional Investors: Ecosystem Integrity Fund (EIF), Remarkable Ventures Climate

Company Website: https://www.betterfleet.com/

Software Category: EV Fleet Management