This company is using AI to solve vehicle fleet managers’ biggest challenges

StartupBeat Team
By StartupBeat Team May 6, 2024

2023 was one of the most challenging years in recent memory for the trucking industry. According to industry news publication FleetOwner, fleet managers cited rising fuel costs, employee shortages and lack of visibility into their operations as top concerns last year.

With some of these concerns in mind, Transmetrics, an AI and big data analytics solutions provider that has worked with companies like DHL and Kuehne+Nagel, has announcedd the launch of FleetMetrics.

The new product will help companies seamlessly integrate data across systems, providing organizations with unprecedented operational and cost visibility.

Using AI, the FleetMetrics tool helps companies deal with long-standing or half-solved problems by enabling automated, data-driven decision-making and ensuring better and faster results, which will help solve new and old challenges within the trucking industry. 

It has extensive features, including performance monitoring, fuel efficiency, and soon-to-come load-to-capacity matching. 

Image credit: Transmetrics

FleetMetrics covers many vehicle types, from 7.5-ton solo trucks to 40-ton tractor-trailer combinations, helping businesses control significant transport-related expenses like fuel, tolls, and operational costs.

“FleetMetrics is more than just a product – it’s an innovation that will change how trucking companies can manage their fleets. It provides them with the tools to improve their operations, increase their revenue, and boost their profitability like never before,” said Asparuh Koev, CEO of Transmetrics. “Our pilot customers have already seen significant benefits with FleetMetrics, including generating revenue from their data, automating tasks, improving fleet KPIs, and enhancing profitability.”

Transmetrics was founded in Sofia, Bulgaria in 2012 and now counts over 50 employees and has raised €7.5 in venture capital. The currently service some of the world’s top logistics firms. They were part of the legendary Plug and Play tech accelerator program as well.