Meight
We’re learning from data to help drivers spend less and use less, so every journey has a positive impact on the world.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €3.4m | Seed | |
| Total Funding | 000k | ||
| EUR | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 2 % | 115 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | 1316 % | (295 %) | (1312 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Meight, a spin-off from Universidade Nova de Lisboa, was founded in Évora, Portugal, in 2018 by CEO Luis Mendes and CTO António Reis. Both founders share a passion for motorsports, where precision and data-driven strategies are paramount. They translated this passion into a mission to address the inefficiencies in the road transport sector.
The company has developed an intelligent, cloud-based transport management platform powered by artificial intelligence. This platform is designed to optimize logistics for the trucking industry, with a particular focus on small and medium-sized enterprises. Meight's patented technology analyzes data to understand and reduce the energy consumption of heavy-duty vehicles, a significant cost factor in freight transport.
The platform provides tools for fleet managers to monitor their vehicles, analyze performance, and make informed decisions to improve efficiency and sustainability. By offering a data-centric approach, Meight helps trucking companies to modernize their operations, reduce fuel costs, and enhance their competitiveness.
The company operates on a Software-as-a-Service (SaaS) business model, providing its platform to clients through a subscription-based service. Meight has successfully raised capital to fund its growth, including a seed round of €1.3 million and a more recent funding of €3.4 million, which will support its expansion across the European market.
Keywords: logistics, trucking, fleet management, data analytics, fuel efficiency, SaaS, transport optimization, supply chain, freight, sustainability