Swiss start - up Avrios has raised $ 14 m in extended series A funding towards its artificial intelligence ( AI ) driven fleet management platform . Avrios ' portfolio currently focuses on truck and van fleets and is used by about 700 customers , predominantly in Europe , to manage about 70,000 vehicles . The company claims it can reduce customers ' fleet administration overheads by 30 % and vehicle maintenance by 40 % , as well as maintaining adherence to environmental and owner ’s privacy laws . The funding will be used for product development and adding more transportation options , as well accelerating growth of the business .
Swiss start-up Avrios has raised $14m in extended series A funding towards its artificial intelligence (AI) driven fleet management platform. Avrios' service currently focuses on passenger and van fleets and is used by about 700 customers, predominantly in Europe, to manage about 70,000 vehicles. The company claims it can reduce customers' fleet administration overheads by 30% and fleet costs by 10%, as well as ensure adherence to environmental and owner’s liability laws. The funding will be used for product development and adding more transportation options, as well accelerating growth of the business.