Loconav, Inc.
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Loconav, Inc. - overview
Established
2016
Location
Wilmington, DE, US
Primary Industry
Software
About
Based in Delaware, US, LocoNav, Inc. specializes in advanced fleet management solutions, utilizing AI and IoT technologies to enhance vehicle safety and operational efficiency across various industries. Founded in 2016 in Delaware, US, LocoNav, Inc. provides innovative fleet management solutions.
The company was co-founded by Arundhati Bajaj, Shridhar Gupta, and Vidit Jain, and is currently led by CEO Samit Srivastava. Loconav . Loconav specializes in fleet management solutions that leverage advanced technologies like AI and IoT to enhance vehicle safety and operational efficiency. The core offerings include real-time vehicle tracking, fuel monitoring, video telematics, and driver behavior analysis, all integrated into a single platform.
These services address critical challenges in the transportation and logistics sector, including safety hazards and fuel inefficiencies. Loconav's solutions are utilized by a diverse client base in markets such as India, the USA, and UAE, aimed at optimizing operations and reducing costs. Their revenue model is primarily subscription-based, allowing clients to access various tiers of fleet management solutions, which cater to different operational needs and potentially include customized features. The focus will be on enhancing product offerings and entering new geographical markets to further establish its fleet management solutions.
Specific details on upcoming product launches or timelines for expansion have not been disclosed. In June 2021, Loconav, Inc. raised USD 35. 63 million in series B funding co-led by Anthemis Group, Quiet Capital and Sequoia Capital, with participation from Musha Ventures, RIT Capital Partners, Uncorrelated Ventures and Village Global and Foundamental.
The company will use the funding to expand in developing markets.
Current Investors
Sequoia, Foundamental
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software, Logistics Software
Website
www.loconav.com
Verticals
Artificial Intelligence, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Loconav, Inc. - timeline of key events
Loconav, Inc. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 12,118,747.5 | 22,955,147 | 109,400,580 | - | - | - |
| % Revenue Growth (YoY) | - | 89.4% | 376.6% | - | - | - |
| EBITDA (USD) | 75,246.5 | (64,345,542) | (198,667,305) | - | - | - |
| Operating Income (USD) | 70,418.5 | (64,605,668) | (203,924,997) | - | - | - |
| Operating Margin | 0.6% | (281.4%) | (186.4%) | - | - | - |
| % EBITDA Margin | 0.6% | (280.3%) | (181.6%) | - | - | - |
| NET Income (USD) | 48,597.2 | (64,614,803) | (203,924,997) | - | - | - |
| % Net Margin | 0.4% | (281.5%) | (186.4%) | - | - | - |
Loconav, Inc. - employee data
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