Standard Fleet Accelerates EV Fleet Adoption with $7 Million in Seed Funding
We started Standard Fleet because fleet businesses asked for our help managing their electric vehicles. We’re on a mission to help electric fleet businesses of all kinds automate, secure, and scale. We and our customers believe that electric vehicle (EV) fleets are essential for a successful transition to sustainable energy, and that EVs make the best fleet vehicles.
Today we’re celebrating our $7 million seed-round led by UP2398 (eBay founder Pierre Omidyar), and Canvas Ventures. This investment allows us to grow our team, build new tools, and expand our impact by providing software that brings effortless efficiency to EV fleet operators including Revel, MisterGreen Electric Lease, and EV Access.
We’re helping fleet companies, including rental car businesses, rideshare companies, leasing fleets, and many others scale their use of electric vehicles. The Standard Fleet app has interactive maps, customizable alerts, charging automations, expense reports, and anti-theft features that help operators save time, cut costs, and scale their businesses.
Growing Smarter, Faster with EV Rideshare, Leasing, and Rental Companies
Since 2021, we’ve been learning from our collaboration with innovative EV fleet customers as they scale up and use our fleet management software to streamline their operations. We’re also applying what we’ve learned by connecting with and generating insights from nearly 100,000 electric vehicles. This ranges from the engineering work we’ve done to pull data from vehicles without draining their batteries, to simplifying vehicle provisioning for drivers with an API.
Let’s take a closer look at some incredible EV fleets and how they’re using Standard Fleet:
Revel is a pioneering Brooklyn-based electric mobility and infrastructure provider, operating hundreds of blue rideshare EVs in New York City. Revel is using Standard Fleet for fleet access and management.
“Electrifying the rideshare industry will have an outsized impact on reducing urban emissions, so figuring out how to operate all-electric fleets at scale is critical,” said Revel Co-Founder & COO Paul Suhey. “Standard Fleet is helping us manage our fleet and get our employee drivers on the road faster, providing zero-emission trips to New Yorkers.”
MisterGreen Electric Lease is an Amsterdam-based pioneer in EV leasing, managing over 5,000 Teslas in Europe. Standard Fleet is working with MisterGreen to scale up their operations, reduce costs, and stand up new lines of business. MisterGreen has been the fastest growing leasing company in the Netherlands for five years running.
“EVs have five times longer lifespans than gas-powered vehicles have,” said Mark Schreurs, Co-Founder and Chief Vision Officer of MisterGreen. “We help provide accessible, fully-operational Tesla leases. Standard Fleet EV management software helps us get more people in electric cars.”
EV Access is a fast-growing EV rental and leasing business in Arizona. They use Standard Fleet advanced telemetry tech to manage guest access and charging expenses for their growing fleet of electric cars.
“I’m growing my EV fleet from a few dozen Teslas to nearly 1,000 EVs and couldn’t imagine doing it without the help of Standard Fleet. They’ve been a lifesaver already,” said Justin Pappan, founder and CEO of EV Access.
A $7M Seed Round to Grow, Build, and Expand EV Fleet Impacts
In service of our pioneering customers, we’re also honored to announce we’ve raised $7 million in funding from some fantastic investors who share our vision of fleet electrification. The investment was led by UP2398 (eBay founder Pierre Omidyar) and Canvas Ventures.
“I’ve known David for more than 10 years and seen him operate successfully across three companies. With Standard Fleet, David is tackling a market that is underserved by software and he is hitting on a megatrend that he is uniquely equipped to handle, given his experience selling Embark to Apple and early work in the EV software field,” said Mike Ghaffary, general partner of Canvas Ventures. “Standard Fleet has a large opportunity to use software to make EV fleet management effortless and economical around the world.”
In addition to the support from UP2398 and Canvas Ventures, we are proud to have the support and confidence of other esteemed investors, including firms betting on this team for a second time, and over two dozen company founders who invested their own money into Standard Fleet.
We’re grateful for the support of SV Angel, Night Capital, Hawktail, Liquid2, Burst Capital, Soma Capital, Fuel Capital, Olive Capital, Aarjav Trivedi, Akshay Dodeja, Alex Cohen, Amey Chaugule, Bart Macdonald, Brian Pokorny, Caleb Elston, Cosmin Nicolaescu, Danny Wen, Darby Wong, David Siegel, Francisco Tolmasky, Gokul Rajaram, Hariharan Kolam, Jason Tan, Jessica Tsoong, Justin Hamilton, Karl Jacob, Kathy Sun, Kulveer Taggar, Lev Popov, Martin Mroz, Michael Stoppelman, Oliver Cameron, Ryan Levenson, Tom Robinson, Zach Tratar, and others.
We’re excited for all that we have in store.
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David Hodge
David Hodge is the Founder and CEO of Standard Fleet.