
Navtrak
GPS vehicle tracking systems & service.
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
Navtrak provides GPS-based vehicle tracking and fleet management services for businesses with mobile workforces. Founded in 1999, the Salisbury, Maryland-based company develops mobile resource and fleet management software services designed to help businesses become more profitable and productive. The company primarily serves regional fleets of 50 to 1,000 vehicles, with a focus on field service and pickup and delivery companies. The business generates revenue through its GPS tracking service, which combines software, web-based reporting, and in-vehicle hardware to deliver up-to-the-minute information about a client's mobile workforce activity.
The company's core product is a GPS tracking system that utilizes a combination of GPS, satellite location, and cellular data transmission via a modem installed in the vehicle. This system allows fleet managers to monitor vehicle location, speed, starts, stops, and idle times in near real-time. Key features include live tracking, geo-fencing to create virtual boundaries, customizable reports, and traffic monitoring. The platform also offers tools for enhancing productivity, such as route scheduling, and monitoring vehicle maintenance needs and expenditures. For clients in specific sectors like local authorities, Navtrak provides in-cab route navigation with pre-planned routes to ensure drivers adhere to the most efficient paths. The company's technology partner, Verizon Connect, offers telematic solutions that include AI-powered dashcams, fuel management, and tools for DOT compliance.
Throughout its history, Navtrak has experienced several key milestones. The company secured its first round of Early Stage VC funding of $3.5M in August 2001, followed by a Series A round of $4.05M in July 2002. In July 2012, Navtrak was acquired by Telogis, a company later brought under the Verizon Connect brand. There is a separate UK-based entity also named Navtrak, which specializes in stolen vehicle recovery and was acquired by Vodafone Automotive in 2015.
Keywords: fleet management, GPS tracking, vehicle tracking, mobile workforce management, telematics, asset tracking, fleet management software, vehicle security, stolen vehicle recovery, route navigation, fleet productivity, GPS fleet tracking, fleet safety, vehicle maintenance tracking, driver monitoring, geo-fencing, logistics management, mobile resource management, Verizon Connect, Telogis