Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

GreenRoad Technologies Enters Agreement

February 07, 2008 - Press Release

GreenRoad Technologies Inc. (www.greenroadtech.com), a provider of driver safety technologies, recently announced that it has secured an investment of $14.5 million led by Virgin Green Fund(www.virgingreenfund.com) and Benchmark Capital (www.benchmarkcapital.com) with participation from Balderton Capital.

The funds will expand and support GreenRoad’s global operations and serve its fleet and insurance customers as they enhance driver safety and reduce fuel consumption. 

 

GreenRoad reports that it improves driver safety and significantly reduces accidents by instantly identifying risky drivers and empowering them to change their behavior behind the wheel via real-time feedback and regular Web reporting.

GreenRoad’s focus is on business fleets, and teenage or high-risk drivers via partnerships with insurance companies. GreenRoad’s services are designed to educate drivers on which of their driving actions are unsafe so they can learn to moderate their behavior and be safer on the road. 

“As our rapid growth continues with customers such as AAA and T-Mobile, GreenRoad sees tremendous potential to serve the fleet and insurance markets with a driver safety solution that can significantly reduce both accident rates and fuel costs,” said Dan Steere, CEO of GreenRoad. “We are delighted that our investors recognize GreenRoad’s potential.”

 

 

 

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher