BOX telematics

BOX telematics

GPS-based vehicle tracking and fleet management solutions.

HQ location
Nottingham, United Kingdom
Launch date
Enterprise value
$5m
Company register number
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DateInvestorsAmountRound

£3.5m

Valuation: £3.5m

Acquisition
Total Funding000k
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BOX Telematics, founded in 2011 by Mark Watkins and June Reynolds Lacey, is a UK-based provider of GPS vehicle tracking and fleet management services. The company develops and manufactures its own telematics devices, often called "black boxes," which are installed in vehicles to collect and transmit data. These devices allow fleet operators to improve performance, manage fleets efficiently, and reduce operational costs.

The company's product suite includes solutions like SPOTONfleet, an online portal for vehicle management, and SPOTONfuel, designed to decrease fuel consumption. Another key offering, SPOTONplant, utilizes an installed telematics device to monitor various aspects of vehicle usage, such as time spent on-site and service hour tracking. The core technology involves a small tracking device, the BOX-tracker, which logs vehicle movements using GPS and transmits data via GSM/GPRS. This enables real-time location tracking, driver behavior monitoring, and vehicle diagnostics. The collected data is accessible through an online portal, providing fleet managers with insights into driver speed, braking, acceleration, and vehicle location.

Headquartered in Coleshill, Birmingham, BOX Telematics was acquired by Trakm8 Holdings in a reverse merger on October 8, 2013. As of March 2021, the company reported an annual revenue of £15.3M. Although registered as a separate entity, Box Telematics Limited is currently listed as a dormant company, having been integrated into the Trakm8 group.

Keywords: GPS tracking, fleet management, vehicle telematics, black box, driver behavior monitoring, fuel management, vehicle diagnostics, asset tracking, route optimisation, connected car, M2M solutions, fleet efficiency, cost reduction, SPOTONfleet, Trakm8, vehicle tracking solutions, GPS technology, telematics data, automotive telematics, fleet safety

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