PowerFleet
PowerFleet is a global AIoT SaaS company providing the Unity platform for fleet and warehouse management across logistics, construction, government, and industrial sectors, serving 1.95M+ subscribers in 120+ countries with $443.8M FY26 revenue.
- Company typePublic
- Founded1997
- HeadquartersHackensack, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What PowerFleet does
PowerFleet, Inc. (NASDAQ: AIOT; JSE: PWR; TASE: PWFL) is a global AIoT SaaS company headquartered in Woodcliff Lake, New Jersey, that provides connected fleet and warehouse management solutions to enterprise customers across logistics, construction, government, food & beverage, intralogistics, and industrial sectors. The company operates in 120+ countries with 1.95M+ combined subscribers following its 2024 merger with MiX Telematics and acquisition of Fleet Complete ($200M), supplemented by earlier acquisitions of Movingdots (Swiss Re, 2023) and legacy assets.
PowerFleet's core technology is the Unity AIoT platform — a hardware-agnostic end-to-end operating system that ingests, compiles, and harmonizes IoT data from diverse devices and vendors into real-time, decision-grade insights. The product portfolio is modular: On-Road IoT (vehicle telematics), On-Site IoT and On-Site+ (warehouse/material handling), Off-Road IoT (construction, mining, oilfield), Asset IoT, and AI Video (Vision and Vision 360 Plus for AI-powered multi-camera safety). Integrations span SAP, Oracle, Microsoft Dynamics, Manhattan Associates, Blue Yonder, Project 44, HERE/Google Maps, and OEM telematics (GM OnStar, Toyota Connected), supported by a 350+ partner ecosystem.
Revenue is generated primarily through recurring SaaS subscriptions (81% of Q4 FY26 revenue, growing 14% YoY), complemented by hardware sales (~19%) and professional services. The go-to-market combines direct enterprise field sales, channel partners (system integrators and resellers), strategic force-multiplier partnerships (MTN for Africa, TELUS for North America, Accenture for Central Europe), and self-serve Unity portals. FY2026 revenue was $443.8M (+22% YoY) with adjusted EBITDA of $97M (+44% YoY); FY2027 guidance is $485-490M with $30-35M projected free cash flow. Named customers include PepsiCo (18,000+ forklifts), Caterpillar, Toyota, British American Tobacco, Kloeckner Metals, Energisa, IMC Logistics, and the South African National Treasury ($100-120M, five-year contract covering 60,000+ government vehicles).
PowerFleet firmographics
Firmographics- Name
- PowerFleet
- Legal name
- Powerfleet, Inc.
- Website
- https://powerfleet.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- PowerFleet is a global AIoT SaaS company providing the Unity platform for fleet and warehouse management across logistics, construction, government, and industrial sectors, serving 1.95M+ subscribers in 120+ countries with $443.8M FY26 revenue.
- Ownership category
- akta.pro rank
PowerFleet industry classification
Industry- Product category
- Fleet Management Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Computer Communications Equipment (3576)
- akta.pro primary industry
- End-to-End Supply Chain Control Tower Platforms (TLAEAKAA)
Keywords
Where PowerFleet is headquartered
LocationHeadquarters
- HQ city
- Hackensack
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
PowerFleet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS/Services Revenue (Primary): Recurring software-as-a-service subscription revenue from Unity platform, AI video solutions, telematics, and connected IoT services. Services revenue represents 81% of total revenue (Q4 FY26: $92.9M of $114.5M total). Services revenue growing 14% YoY. High-margin recurring revenue stream.
- Product/Hardware Sales: IoT devices, telematics hardware, sensors, cameras, and equipment sales. Represents approximately 19% of total revenue. Hardware-agnostic approach supports multi-vendor device connectivity.
- Implementation and Professional Services: Deployment, integration, and consulting services for enterprise customers implementing Unity platform and IoT solutions across operations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise platform pricing with modular solutions based on fleet size and capability requirements |
Go-to-market motion4 records
Distribution channels7 records
Marketing channels10 records
PowerFleet product offering
Product offeringCore offering
PowerFleet is a global AIoT SaaS company that provides the Unity platform unifying fleet, asset, and warehouse data from any device or vendor into AI-driven insights. Its product portfolio includes On-Road IoT, On-Site IoT, On-Site+, Off-Road IoT, Asset IoT, and AI Video solutions targeting safety, compliance, sustainability, and operational efficiency for commercial fleets, warehouses, construction, mining, and government operations.
Product overview
PowerFleet is a global AIoT SaaS company offering a unified platform-plus-modules architecture centered on the Unity platform, which serves as the core AIoT platform that ingests and harmonizes data from diverse IoT devices across any vendor. The product portfolio comprises specialized IoT solutions organized by operational context: On-Road IoT for fleet tracking and compliance, On-Site IoT and On-Site+ for warehouse and materials handling, Off-Road IoT for construction/mining, Asset IoT for critical asset protection, and AI Video (including Vision and Vision 360 Plus) for AI-powered video telematics and safety monitoring. Additional modules include Pedestrian Proximity Detection for warehouse safety, Safety and Security Application, Sustainability Data-Powered Application for ESG tracking, and AI Risk Intervention Module for automated safety coaching. The company has expanded through acquisitions including MiX Telematics (2024), Fleet Complete (2024), and Movingdots (2023), which contribute compliance, risk management, and insurance telematics capabilities respectively. The Unity platform integrates with major ERP systems (SAP, Oracle, Microsoft Dynamics), supply chain platforms (Manhattan Associates, Blue Yonder, Project 44), and OEM telematics (OnStar, Toyota Connected) while supporting over 350 partner ecosystem integrations globally.
Differentiator
Problem solved
Functional benefit
Brands
- Unity: Multi-award-winning AIoT end-to-end platform that unifies fleet and warehouse data, providing AI-driven insights for safety, compliance, and operational efficiency.
- Unity Ecosystem
- PowerHub
- Vision
- Vision 360 Plus
- On-Site IoT
- On-Site+
- Fleet Complete
- Movingdots
Products and services
- Unity Platform
- On-Road IoT
- On-Site IoT
- On-Site+
- Asset IoT
- AI Video
- Off-Road IoT
- Vision 360 Plus
- Movingdots Insurance Telematics
- Fleet Complete
- MiX Telematics
Quantifiable outcome
- Services revenue grew 14% YoY to $92.9M (Q4 FY26), representing 81% of total revenue
- +8 more outcomes
Companies that use PowerFleet
Customer profileNamed customers17 records
Segments10 records
Ideal customer profiles5 records
PowerFleet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability11 records
Feature8 records
PowerFleet partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered strategic, core, integration and ecosystem.
- AccenturestrategicStrategic partnership with Accenture to expand safety technologies across Central Europe. Accenture promotes Powerfleet's Connected Warehouse and on-road safety solutions to enterprise customers. Powerfleet's technologies integrated into Accenture's Innovation and Technology Centre in Milan for demonstrations. Partnership positioned as validation of Powerfleet's technology and vehicle for market expansion in Central Europe.
- TELUScorePartnership to launch Vision 360 Plus AI-powered multi-camera 360-degree fleet safety solution across North America. Leverages TELUS's connectivity infrastructure and distribution scale to expand Powerfleet's AI video SaaS offering. Targets enterprise and mid-market operators with recurring revenue-generating services. Described as meaningful growth driver reinforcing strategy to scale high-margin AI-powered SaaS solutions.
- MTNstrategicStrategic force-multiplier partnership with MTN to white-label Unity platform across 16 countries in Africa. Partnership supports nationwide delivery of South African government contract through secure connectivity and managed network infrastructure. Expands Powerfleet's African footprint leveraging MTN's connectivity infrastructure.
- SAPintegrationSAP integration partnership - Unity platform compatible with SAP enterprise systems for seamless data integration
- OracleintegrationOracle integration partnership - Unity platform compatible with Oracle enterprise systems
- MicrosoftintegrationMicrosoft integration partnership - Unity platform compatible with Microsoft Dynamics and Azure services
- Manhattan AssociatesintegrationIntegration partnership with Manhattan Associates for supply chain and warehouse management integration
- Blue YonderintegrationIntegration partnership with Blue Yonder for supply chain and logistics optimization
- Project 44integrationIntegration partnership with Project 44 for supply chain visibility and logistics data
- HERE TechnologiesintegrationHERE Technologies mapping data integration for geolocation and route optimization services. Awarded 2024 HERE Technologies Partner Award.
- Google MapsintegrationGoogle Maps integration for mapping and geolocation services within Unity platform
- Unity Ecosystem PartnersecosystemGrowing library of solutions, IoT data, devices, and third-party apps integrated with Unity platform through ecosystem. 350+ partners globally delivering AIoT solutions.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
PowerFleet competitors and assessment
Company assessmentDirect peers
- Verizon Connect: Telematics and fleet management arm of Verizon, offering GPS tracking, asset management, and fleet software to SMB and enterprise customers. Directly comparable to Powerfleet's On-Road and Asset IoT product lines.
- Azuga (Bridgestone): Bridgestone-owned GPS fleet tracking and driver behavior platform. Comparable to Powerfleet's On-Road IoT solution and overlapping customer base in commercial fleets.
- Lytx: Video telematics pioneer offering AI dash cams and driver safety solutions for commercial fleets. Closely comparable to Powerfleet's Vision and Vision 360 Plus AI Video product line.
- Webfleet (Bridgestone): Bridgestone-owned fleet management service offering GPS tracking, vehicle data, and fleet optimization across Europe and globally. Direct competitor in telematics subscriptions, with similar enterprise fleet focus.
- Geotab: Private, global leader in fleet telematics and connected vehicle data analytics with millions of subscribers. Competes head-to-head with Powerfleet's On-Road IoT and analytics offerings across enterprise and government fleets.
- Motive: Private AI-powered fleet management platform combining dash cams, telematics, and compliance/ELD for commercial fleets. Direct competitor to Powerfleet's AI Video and On-Road IoT solutions, particularly in mid-market and trucking segments.
- Samsara: NYSE-listed pure-play IoT fleet management and connected operations platform serving enterprise and mid-market fleets with AI dash cams, telematics, and workplace safety. Closest direct competitor to Powerfleet's Unity platform in commercial video telematics and AI-driven safety.
Others
- Platform Science: Connected vehicle platform enabling third-party telematics apps to run on in-vehicle hardware. Adjacent/ecosystem relationship with Powerfleet's Unity platform and OEM telematics integrations (GM OnStar, Toyota Connected).
Broad incumbents
- Trimble Transportation: Division of Trimble (NASDAQ: TRMB) providing transportation management, fleet mobility, and supply chain visibility. Broader portfolio than Powerfleet but overlapping in fleet telematics and logistics analytics for enterprise customers.
Emerging players
- Fleetio: Private, fast-growing fleet maintenance and management SaaS platform with strong SMB/mid-market traction. Comparable on the operations/maintenance layer of Powerfleet's platform, though narrower in scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
PowerFleet social profiles
Digital presencePowerFleet compliance and trust
Trust signalCompliance8 records
PowerFleet financial estimates
Financial estimateRevenue estimate
Valuation estimate
PowerFleet leadership team
Management profileNumber of profiles
Profiles10 records
PowerFleet subsidiaries and ownership
Company hierarchySubsidiaries3 records
PowerFleet funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PowerFleet M&A and investment
M&A and investmentM&A8 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PowerFleet
What does PowerFleet do?
PowerFleet is a global AIoT SaaS company that provides the Unity platform unifying fleet, asset, and warehouse data from any device or vendor into AI-driven insights. Its product portfolio includes On-Road IoT, On-Site IoT, On-Site+, Off-Road IoT, Asset IoT, and AI Video solutions targeting safety, compliance, sustainability, and operational efficiency for commercial fleets, warehouses, construction, mining, and government operations.
Is PowerFleet a public or private company?
PowerFleet is a public company. It is classified as public and is currently operating.
When was PowerFleet founded?
PowerFleet was founded in 1997. It employs 51 to 100 people.
Where is PowerFleet based?
PowerFleet is headquartered in Hackensack, United States, in the North America region.
How does PowerFleet make money?
Three revenue lines are on record. SaaS/Services Revenue (Primary) is the primary driver. The others are product/Hardware Sales and implementation and Professional Services.
Who are PowerFleet's main competitors?
Direct peers on record are Verizon Connect, Azuga (Bridgestone), Lytx, Webfleet (Bridgestone), Geotab, Motive and Samsara. Platform Science is listed as an others. Trimble Transportation is listed as a broad incumbent. Fleetio is listed as an emerging player.
Does PowerFleet have an API?
No public API is recorded for PowerFleet.
What industry is PowerFleet in?
PowerFleet's product category is Fleet Management Software. Its primary akta.pro industry code is TLAEAKAA, End-to-End Supply Chain Control Tower Platforms. Its NAICS code is 518 and its SIC code is 3576.