SmartDrive has created a unique driving performance program that enables fleets to increase operating efficiency and safety — improving fuel efficiency by up to 30%, saving as much as $12,000 per vehicle annually, and reducing collisions by as much as 80%. In addition, the company has compiled the world’s largest database of risky driving events, more than 44 million recorded unsafe driving incidents. The SmartDrive Safety and Fuel programs are used by public and private fleets across industries, including public transit, commercial trucking, waste hauling, food and beverage delivery, and shuttle operators.

“Fleets of all types rely on us to improve driving performance — across tens of thousands of vehicles and drivers. Every day our customers and drivers are realizing safer conditions and real cash savings, and with this investment we will bring our proven benefits to an ever-greater number of fleets and drivers. We’re gratified by the confidence of our investors, and their shared belief in our mission to help fleets increase safety and productivity,” said Steve Mitgang, SmartDrive CEO.

“Backing our investment in Smart Drive was an easy decision; the company’s prospects for growth are tremendous. This capital infusion will support further technology development and fuel the accelerated growth of new customers. We firmly believe that SmartDrive will continue to out-distance the competition by offering a superior solution based on innovation. With customers seeing material results within weeks of deployment, we see this as an enormous market opportunity,” noted SmartDrive Board Chairman Dave Vucina.