Fleetx is an freight and fleet management software which helps both fleet operators as well as businesses to digitize their logistics operations and helps them improve safety, efficiency and sustainability of their vehicles and operations by providing them visibility of vehicles and related IoT based analytics services.
The transaction is expected to close by 30 March 2022.
The investment is in line with the company's objective of offering various software as a service (SaaS) based solutions for businesses.
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