Route Monkey Limited
An end-to-end software solutions provider that specialises in routing and scheduling for conventional and electric vehicles.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | £9.1m Valuation: £9.1m | Acquisition | |
| Total Funding | 000k | ||
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Route Monkey Limited, acquired by Trakm8 in 2015, specializes in intelligent fleet and mobility solutions. The company developed advanced algorithms for route optimization and vehicle scheduling, designed to help businesses reduce fuel consumption, decrease planning time, and increase vehicle utilization. Its core product is a software platform that automates the planning of complex journeys for a variety of fleet types, including electric and mixed fleets. The system considers multiple factors such as vehicle capacity, driver hours, and time windows to generate the most efficient routes.
Founded in 2007 in Livingston, Scotland, the company was established to address the growing need for sophisticated logistics planning. The acquisition by Trakm8, a telematics and fleet management technology company, allowed for the integration of Route Monkey's planning and optimization capabilities with Trakm8's vehicle tracking and telematics data. This synergy enables customers to not only plan efficient routes but also to compare planned versus actual performance, leading to continuous improvement in fleet operations. The combined offering serves a broad market, including logistics, home delivery, and field service management, generating revenue through software licensing and subscription models.
Keywords: route optimization, fleet management, journey planning, vehicle scheduling, logistics software, fuel reduction, telematics integration, electric fleet, delivery management, algorithm