Fleetio
Fleetio (legally Rarestep, Inc.) is an American cloud-based fleet management Software company headquartered in Birmingham, Alabama, United States. Founded in 2012 by Tony Summerville, the company provides tools for managing vehicles, equipment, fuel, maintenance and compliance for fleets of all sizes. As of 2025 the platform serves nearly 6,000 customers across more than 100 countries. In March 2025 the company achieved unicorn status with a valuation of $1.5 billion following a $454 million Series D funding round co-led by Elephant Partners and Goldman Sachs Asset Management.
History
Fleetio was founded in January 2012 by Tony Summerville in Birmingham, Alabama, initially taking advantage of the resources of Innovation Depot, a Birmingham-based startup incubator, to begin its growth.
In September 2016 the company raised its first external funding of $750,000. In 2017, with 21 employees, Fleetio relocated its offices to the 1900 Building at 1900 2nd Avenue North in Birmingham.
In 2023 Fleetio expanded its partnership with Ford's commercial division, Ford Pro, whose Ford Pro Fleet Management Software is built on Fleetio's platform. That same year the company raised $144.7 million in a Series C round led by Elephant Partners of Boston, Massachusetts. Founder Tony Summerville transitioned to the role of Executive Chairman and Jon Meachin was promoted to CEO.
In March 2025 Fleetio raised $454 million in a Series D round co-led by Elephant Partners and Goldman Sachs Asset Management, bringing total funding to $624 million and valuing the combined business at over $1.5 billion. Simultaneously, the company acquired Auto Integrate Ltd., a maintenance authorization platform with a network of over 110,000 repair shops across North America.
Product
Fleetio's platform is a subscription-based SaaS solution that helps organizations track, analyze and improve their fleet operations. Key features include fleet and equipment management, fuel tracking, maintenance scheduling, digital work orders, compliance monitoring and real-time GPS tracking. The software is available via web browser and through Fleetio Go, a mobile app for iOS and Android.
The company serves clients ranging from small businesses to large enterprises and government organizations. In 2024 Fleetio was named Independent Software Vendor Partner of the Year by Samsara at its annual user conference. In 2025 Fleetio launched an AI-powered Service Advisor tool to help fleets prioritize maintenance issues and validate repair costs.