BetterFleet, which provides AI-powered EV charging software to bus and public sector fleets, announced that it has secured the final close of its Series A funding round, totaling $15 million, as it continues to deploy its software to help fleets make cost-effective transitions to efficient, sustainable vehicles.

The company said that this round of funding will help expands its user base to more than 200 customers across the globe.

By creating a digital twin of fleet operators’ vehicles, energy infrastructure, and routes, the BetterFleet software platform enables customers to optimize the selection of assets such as charging stations, vehicles, and interconnection equipment, avoiding significant overbuilding of infrastructure. Digital depot configurations are seamlessly integrated into live operational systems, ensuring that vehicles perform as required, asset utilization is optimized, and incidents can be addressed with minimal downtime.  

“As large, complex fleets transition to new technologies, inexperience, fear, and risk aversion often lead to overbuilding,” said Daniel Hilson, CEO of BetterFleet. “At the same time, electric fleets require far more sophisticated management software to handle the increased complexity of operating these assets. Our goal is to enable more sustainable and productive fleets, allowing the transition to zero emissions solutions, saving our customers billions, while reducing emissions by millions of tons annually.”

Lead investors in this funding round include Aligned Climate Capital, an asset manager investing exclusively in the companies and projects advancing the shift to clean energy, Ecosystem Integrity Fund, a venture capital fund focused on enabling economically competitive solutions to sustainability problems, and Remarkable Ventures Climate (RVC), a venture capital fund backing innovative companies driving the renewable energy transition. 

“BetterFleet is the best tool we have seen for fleets that are going electric,” said Peter Davidson, CEO of Aligned Climate Capital. “They are already working with some of the largest transit agencies around the world, and we’re excited for this new financing to accelerate their growth even further.”

“Electrifying vehicle fleets is an enormous challenge that requires careful planning across infrastructure, charging logistics, and operational efficiency,” said Jonathan Axelrod, co-founder and managing director at RVC. "That’s why we’re excited to invest in BetterFleet. Its AI-powered solution allows fleet operators to transition to EVs faster and more effectively, optimizing everything from energy consumption and charging schedules to climate impact and cost efficiency."