PowerFleet

Fleet Management Softwarepowerfleet.com

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

Fleet management software
AIoT telematics platform
Video telematics solutions
Asset tracking systems
Connected vehicle technology

Where PowerFleet is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers17 records

Segments10 records

Ideal customer profiles5 records

PowerFleet technology and API

Technology

Technology 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 signal

Partnerships

Twelve partnerships are on record, tiered strategic, core, integration and ecosystem.

AccenturestrategicChannel Partner/ Reseller/ Distributor · 27 May 2026Strategic 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.
TELUScoreChannel Partner/ Reseller/ Distributor · 27 April 2026Partnership 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.
MTNstrategicChannel Partner/ Reseller/ Distributor · 1 January 2026Strategic 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.
SAPintegrationTechnology or IntegrationSAP integration partnership - Unity platform compatible with SAP enterprise systems for seamless data integration
OracleintegrationTechnology or IntegrationOracle integration partnership - Unity platform compatible with Oracle enterprise systems
MicrosoftintegrationTechnology or IntegrationMicrosoft integration partnership - Unity platform compatible with Microsoft Dynamics and Azure services
Manhattan AssociatesintegrationTechnology or IntegrationIntegration partnership with Manhattan Associates for supply chain and warehouse management integration
Blue YonderintegrationTechnology or IntegrationIntegration partnership with Blue Yonder for supply chain and logistics optimization
Project 44integrationTechnology or IntegrationIntegration partnership with Project 44 for supply chain visibility and logistics data
HERE TechnologiesintegrationTechnology or IntegrationHERE Technologies mapping data integration for geolocation and route optimization services. Awarded 2024 HERE Technologies Partner Award.
Google MapsintegrationTechnology or IntegrationGoogle Maps integration for mapping and geolocation services within Unity platform
Unity Ecosystem PartnersecosystemTechnology or IntegrationGrowing 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 assessment

Direct 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 compliance and trust

Trust signal

Compliance8 records

PowerFleet financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PowerFleet leadership team

Management profile

Number of profiles

Profiles10 records

PowerFleet subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

PowerFleet funding detail

Funding detail

Funding 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 investment

M&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?

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.