Telogis Raises $2.9 Million More To Help Companies Manage Fleets, Reduce Emissions
Telogis, a location-based technology firm in Aliso Viejo, Calif. has raised another $2.9 million, according to a new SEC filing, to help businesses track and manage their fleets of vehicles, and workforce using GPS, mobile and web technology.
The company touts its “mobile resource management” software and services as environmentally beneficial, and fuel-saving. According to the Telogis website, its mapping and fleet-management systems help companies: cut [drivers'] idling by more than 25 percent, reduce miles driven out-of-route by 30 percent, and can reduce speeding for better fuel economy.
Telogis systems also “provide baseline data, ongoing collection and record-keeping on [a fleet's] greenhouse gas output,” to help companies stay compliant with rapidly evolving, environmental and transportation legislation.
The Department of Energy via Fueleconomy.gov reports that:
“Aggressive driving (speeding, rapid acceleration and braking) wastes gas. It can lower gas mileage by 33 percent at highway speeds and by 5 percent around town…While each vehicle reaches its optimal fuel economy at a different speed (or range of speeds), gas mileage usually decreases rapidly at speeds above 60 mph… Each 5 mph driven over 60 mph is like paying an additional $0.24 per gallon for gas.”
Founded in 2001, the company previously raised a $3.5 million round in 2009, and a $2 million round in 2010. The filings did not disclose which funds were involved in these deals. According to Crunchbase (TechCrunch’s open directory of technology companies, innovators and products) BNP Paribas backed the company.
Company representatives were not immediately available to provide details about how Telogis plans to spend its new funds. The company has a sales footprint spanning 60 countries, and at the end of 2009 had attained annual revenue of $17.1 million, according to the Inc. 5000 index of America’s fastest-growing, privately owned companies.
On Tuesday this week, Telogis announced that it acquired Intergis, another location-based tech company that specialized in “routing, mobile resource and fleet management software and services for small to mid-sized businesses,” according to a press statement.
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