The Future of Fleet Management: Element Acquires Autofleet

We are proud to announce Element, the largest publicly traded pure-play automotive fleet manager in the world, is acquiring Autofleet, the leading optimization platform for fleets and mobility operators.

Together, we share a vision of fast-tracking innovation in the fleet management industry, with a focus on delivering best-in-class solutions, improving efficiency, and providing greater value to clients and stakeholders alike.

The enhanced capabilities resulting from this acquisition will enable both Autofleet and Element to scale their business more efficiently, seize growth opportunities, and adapt to changing client demands. 

Element continues to fulfill its role as a leader in the automotive fleet management industry by investing in innovation and digitization for the benefit of its clients and partners. Allowing it to leverage its expertise as one of the largest fleet solutions providers in the world and provide economies of scale and improved productivity and performance to its clients.

Autofleet will continue to operate independently

Post-acquisition, Autofleet will continue to operate independently, allowing its team to focus on developing innovative solutions across various mobility verticals, and fulfilling its commitments to excellence for its existing and new partners. 

The acquisition is expected to drive new growth opportunities for Autofleet by leveraging Element's resources and market leadership. Bringing together Autofleet's scalable digital technology with Element's operational scale, financial resources, and comprehensive fulfillment capabilities. It will also accelerate Element’s technology roadmap and expand its digital capabilities rapidly.

What this means to our partners

This achievement is the result of the hard work and dedication of Autofleet’s team, and our lasting partnership with Autofleet’s clients over the years. 

Business will continue as usual, and we remain committed to supporting our partners with the same tireless dedication and provide them with the best optimization and management solutions, now backed by Element's extensive global resources. Together, we can create even more powerful tools for optimizing fleet operations and for driving efficiency - improving support and service offerings, and developing new solutions across fleet verticals.

The newly combined expertise and resources make us better equipped than ever to drive sustainable fleet operations. We look forward to enhancing our capabilities in EV integration and eco-friendly fleet management practices, helping you meet your sustainability goals with greater ease.

As we embark on this exciting new chapter, it is important for us to reaffirm our commitment to delivering intelligent mobility solutions that drive the entire mobility industry forward. The synergy between Autofleet's innovative platform and Element's global scale and expertise promises to usher in a new era in fleet management. 

We invite you to stay tuned for future developments and enhanced offerings that will emerge from this powerful collaboration. Together, we look forward to shaping the future of fleet management and supporting your success in the ever-evolving mobility landscape.