Volteum has secured fresh funding to expand its fleet management platform, helping operators manage electric and mixed fleets through a single system that improves visibility, reduces costs, and supports vehicle electrification.
Volteum, a fleet management platform designed for electric and mixed fleets, has raised €2.5 million in funding in a round led by Movens Capital, with participation from WakeUp Capital and Aidiom, alongside follow-on investment from existing backers Day One Capital, Techstars and Nesprit. The investment brings the company’s total funding to €3.75 million and will support Volteum’s expansion across the UK, Benelux and DACH regions.
As fleet electrification continues across Europe, many operators are managing a combination of diesel, petrol and electric vehicles. This transition has created new operational challenges that traditional fleet management systems were not designed to address, including charging management, battery health monitoring, home-charging reimbursement processes and maintenance planning.
As a result, fleet managers often rely on disconnected software systems, spreadsheets and legacy telematics tools, limiting visibility into vehicle performance, energy usage and operational costs. For larger fleets, these inefficiencies can translate into significant avoidable expenses.
Volteum addresses these challenges through a single platform that consolidates fleet data, including charging activity, mileage and maintenance information. The software connects directly to data already collected by vehicle manufacturers, eliminating the need for additional hardware installations and enabling fleets to be onboarded within days.
The platform also uses aggregated fleet data to automate reporting, optimise day-to-day operations and identify unusual vehicle or charging behaviour before it results in increased costs or vehicle downtime. Its recommendations around charging, maintenance, battery health and vehicle utilisation are continuously refined using more than three billion operational fleet data points.
Zsófia Tóth, co-founder and CEO of Volteum, said Volteum was built to support fleet managers regardless of where they are in the transition from diesel-powered vehicles to electric fleets.
We built Volteum to work for fleet managers regardless of where they are in the transition from diesel to electric. Our goal isn’t to push managers into electrifying their entire fleet, but rather to give them the knowledge and the tools to make the most cost-effective decisions.
By helping operators identify maintenance issues before they become costly failures and uncover inefficient charging practices, Volteum says its platform can reduce operational costs by up to 30 per cent. The company also offers an Electric Fleet Planner workflow designed to help organisations plan long-term electrification strategies in a practical and cost-efficient manner.
Volteum already works with organisations including Royal Mail, Bolt, Lex Autolease, Schneider Electric, OTP Bank, NG Bailey and Dundee City Council.
The company plans to focus its expansion efforts on logistics providers, utility companies, and vehicle leasing and rental businesses as demand grows for tools that support the management of increasingly complex mixed fleets.
Photo credit: Márk Rétsághy