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Velocitor Solutions

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uuid0002uid

Namestring
Velocitor Solutions
Legal namestring
Velocitor Solutions
Websiteurl
velsol.com
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Velocitor Solutions is a privately held US enterprise software company headquartered in Charlotte, North Carolina, founded in 2015, that builds and sells the V-Track Platform, a unified fleet and field operations management system combining IoT devices, artificial intelligence, and real-time telematics. The product portfolio is anchored on V-Track as the core platform and extends into five add-on modules: the MV/AI Camera System (computer vision-based driver and safety monitoring), Vehicle Telematics (real-time tracking and diagnostics), Field Service (dispatch and workforce optimization), and ELD Compliance (electronic logging for FMCSA Hours-of-Service compliance). The company also operates sub-brands VTrack and Velocitor for fleet tracking and operations optimization, and provides managed services covering hardware staging and kitting, asset management, installation, training, and ongoing technical support.

The technology stack ingests telemetry and video from in-house and partner hardware, applies predictive analytics, computer vision, and anomaly detection, and exposes operational insights through the V-Track platform — a deliberate single-platform architecture intended to displace the multi-vendor, point-solution stacks common in fleet operations. Velocitor's go-to-market is direct enterprise field sales with a consultative, demo-driven motion; pricing is quote-based and annual, bundling subscription software, hardware sales, and managed services into custom packages sized to fleet size and feature requirements. The company sells primarily to commercial fleet operators, logistics providers, and field service organizations in a horizontal segmentation across multiple end verticals.

Revenue is generated through three streams: recurring software subscriptions, hardware sales (IoT devices, cameras, ELDs), and managed services. The company discloses no external funding rounds, suggesting a bootstrapped or founder-owned capitalization structure (Rich Pacella is identified as Founder and President), and has recently executed an offensive strategic move with the October 1, 2025 full acquisition of NextBillion.ai to bring AI-powered mapping, navigation, and geospatial capability in-house, indicating an active posture toward expanding the AI surface of the platform. Geographic footprint is currently domestic (United States), with no disclosed international operations or channel partnerships.

Short descriptiontext

Velocitor Solutions is a Charlotte, US-based private software firm that builds the V-Track unified fleet management platform — combining IoT, AI, and real-time telematics — for commercial fleet operators, logistics companies, and field service organizations.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersCharlotte, United States
HQ citystring
Charlotte
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
fleet management software, vehicle telematics solutions, IoT fleet platform, electronic logging devices, field service management
Industry5 codes
1Fleet Tracking, Mapping & Real-Time Location Services (RTLS)
CodeTLAEAFADPrimaryYes
2Telematics Hardware, Sensors & Installation Services
CodeTLABAJALPrimaryNo
3Driver Behavior, Safety & Video Telematics (Dashcams/AI)
CodeTLABAJAGPrimaryNo
4Fleet, Asset Tracking & Telematics Location Platforms
CodeBPAMANAFPrimaryNo
5Field Service Management (FSM) & Dispatch Platforms
CodeHDAEALAMPrimaryNo
NAICS code2 codes
  • Computer Systems Design Services541512
  • Custom Computer Programming Services541511
SIC code2 codes
  • Services-Computer Integrated Systems Design7373
  • Services-Computer Programming Services7371
Product category
Fleet Management Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Software Platform Subscription
TypeSubscription Recurring
Description

Subscription-based access to the V-Track platform providing continuous software updates, cloud infrastructure, and platform functionality for fleet management and optimization.

velocitor.com
2Hardware Sales
TypeHardware Sales
Description

Sale of IoT devices, telematics hardware, AI cameras, and ELD devices required for platform connectivity and data collection from fleet vehicles.

velocitor.com
3Managed Services
TypeManaged Services
Description

Comprehensive managed services including hardware staging and kitting, asset management, support services, training, and installation to provide end-to-end customer success.

velocitor.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Pricing details1 tier
1Enterprise Fleet Management Solution - Custom pricing based on fleet size and requirements
ModelSubscriptionBilling cadenceAnnual
Notes

Quote-based / Not publicly disclosed. Pricing varies based on number of vehicles, feature requirements, and selected hardware components.

velocitor.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 3 records shown
1V-Track Platform
Description

Enterprise fleet management platform integrating IoT technology, artificial intelligence, and real-time telematics.

velocitor.com
+2 more records
Core offering1 text field

Velocitor Solutions develops and sells the V-Track Platform, a unified enterprise fleet management system that integrates IoT devices, artificial intelligence, and real-time telematics to monitor vehicles, drivers, and field operations. The offering includes the core V-Track software platform, complementary modules such as the MV/AI Camera System, Vehicle Telematics, Field Service software, and ELD Compliance, supported by managed services for hardware staging, asset management, installation, training, and customer support.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Measurable improvements in uptime, safety, and overall fleet efficiency
Product overview1 text field

Velocitor Solutions offers a unified enterprise fleet management platform built around the V-Track Platform as the core product, integrating IoT technology, artificial intelligence, and real-time telematics. The platform is designed as an end-to-end solution eliminating the need for complex integrations. The product portfolio includes V-Track as the central platform, with specialized modules including the MV/AI Camera System (AI-powered visual monitoring), Vehicle Telematics (real-time vehicle tracking), Field Service (field operations optimization), and ELD Compliance (regulatory compliance). The company also offers sub-brand products VTrack and Velocitor for fleet management, plus managed services including Hardware Management, Asset Management, Support Services, Training, and Installation to support the complete customer lifecycle.

Product and service10 records
1V-Track Platform
CategoryFleet Management Platform
Description

Unified enterprise software platform that integrates IoT technology, AI, and real-time telematics to manage fleet operations, providing comprehensive visibility and control over vehicle assets, drivers, and field operations. Designed for commercial fleet operators and logistics companies seeking a single end-to-end solution.

2MV/AI Camera System
CategoryFleet Safety Technology
Description

AI-powered camera system that uses computer vision to provide real-time visual monitoring and safety intelligence for fleet vehicles, enabling driver behavior analysis and incident prevention.

3Vehicle Telematics
CategoryTelematics
Description

Real-time vehicle tracking and diagnostic solution providing data on vehicle location, performance, fuel consumption, and driver behavior for commercial fleet operators.

4Field Service
CategoryField Service Management
Description

Enterprise software module for optimizing field service operations including dispatch, scheduling, and management of field technicians and service operations, integrating with V-Track workflows.

5ELD Compliance
CategoryRegulatory Compliance Software
Description

Electronic Logging Device (ELD) software solution that ensures compliance with Hours of Service regulations for commercial vehicle fleets through automated duty status recording and reporting.

6Hardware Management Service
CategoryManaged Services
Description

Managed service covering hardware staging, kitting, and provisioning of IoT devices, telematics hardware, AI cameras, and ELD devices for fleet deployments.

7Asset Management Service
CategoryManaged Services
Description

Device and asset management services for tracking and managing fleet hardware and equipment throughout its lifecycle.

8Installation Services
CategoryManaged Services
Description

Professional installation services for fleet management hardware and devices deployed at customer sites.

9Training Services
CategoryManaged Services
Description

Training services enabling customers and field staff to effectively use fleet management software, hardware, and operational workflows.

10Support Services
CategoryManaged Services
Description

Helpdesk and technical support services for fleet management software and hardware customers.

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-01
Description

Velocitor Solutions completed full acquisition of NextBillion.ai on October 1, 2025. NextBillion.ai is a provider of AI-powered mapping and navigation solutions. The acquisition aims to enhance Velocitor's offerings in AI, geospatial solutions, and location-based services for sectors like logistics and transportation.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Velocitor Solutions

Fleet Management Softwarevelsol.com

Velocitor Solutions is a Charlotte, US-based private software firm that builds the V-Track unified fleet management platform — combining IoT, AI, and real-time telematics — for commercial fleet operators, logistics companies, and field service organizations.

What Velocitor Solutions does

Velocitor Solutions is a privately held US enterprise software company headquartered in Charlotte, North Carolina, founded in 2015, that builds and sells the V-Track Platform, a unified fleet and field operations management system combining IoT devices, artificial intelligence, and real-time telematics. The product portfolio is anchored on V-Track as the core platform and extends into five add-on modules: the MV/AI Camera System (computer vision-based driver and safety monitoring), Vehicle Telematics (real-time tracking and diagnostics), Field Service (dispatch and workforce optimization), and ELD Compliance (electronic logging for FMCSA Hours-of-Service compliance). The company also operates sub-brands VTrack and Velocitor for fleet tracking and operations optimization, and provides managed services covering hardware staging and kitting, asset management, installation, training, and ongoing technical support.

The technology stack ingests telemetry and video from in-house and partner hardware, applies predictive analytics, computer vision, and anomaly detection, and exposes operational insights through the V-Track platform — a deliberate single-platform architecture intended to displace the multi-vendor, point-solution stacks common in fleet operations. Velocitor's go-to-market is direct enterprise field sales with a consultative, demo-driven motion; pricing is quote-based and annual, bundling subscription software, hardware sales, and managed services into custom packages sized to fleet size and feature requirements. The company sells primarily to commercial fleet operators, logistics providers, and field service organizations in a horizontal segmentation across multiple end verticals.

Revenue is generated through three streams: recurring software subscriptions, hardware sales (IoT devices, cameras, ELDs), and managed services. The company discloses no external funding rounds, suggesting a bootstrapped or founder-owned capitalization structure (Rich Pacella is identified as Founder and President), and has recently executed an offensive strategic move with the October 1, 2025 full acquisition of NextBillion.ai to bring AI-powered mapping, navigation, and geospatial capability in-house, indicating an active posture toward expanding the AI surface of the platform. Geographic footprint is currently domestic (United States), with no disclosed international operations or channel partnerships.

Velocitor Solutions firmographics

Firmographics
Name
Velocitor Solutions
Legal name
Velocitor Solutions
Website
https://velsol.com
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
51–100 employees
Short description
Velocitor Solutions is a Charlotte, US-based private software firm that builds the V-Track unified fleet management platform — combining IoT, AI, and real-time telematics — for commercial fleet operators, logistics companies, and field service organizations.
Ownership category
akta.pro rank

Velocitor Solutions industry classification

Industry
Product category
Fleet Management Software
NAICS
Computer Systems Design Services (541512), Custom Computer Programming Services (541511)
SIC
Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
akta.pro primary industry
Fleet Tracking, Mapping & Real-Time Location Services (RTLS) (TLAEAFAD)
akta.pro secondary industries
Telematics Hardware, Sensors & Installation Services (TLABAJAL), Driver Behavior, Safety & Video Telematics (Dashcams/AI) (TLABAJAG), Fleet, Asset Tracking & Telematics Location Platforms (BPAMANAF), Field Service Management (FSM) & Dispatch Platforms (HDAEALAM)

Keywords

  • Fleet management software
  • Vehicle telematics solutions
  • IoT fleet platform
  • Electronic logging devices
  • Field service management

Where Velocitor Solutions is headquartered

Location

Headquarters

HQ city
Charlotte
HQ country
United States
HQ region
North America

Markets served

Velocitor Solutions business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

  1. Software Platform Subscription: Subscription-based access to the V-Track platform providing continuous software updates, cloud infrastructure, and platform functionality for fleet management and optimization.
  2. Hardware Sales: Sale of IoT devices, telematics hardware, AI cameras, and ELD devices required for platform connectivity and data collection from fleet vehicles.
  3. Managed Services: Comprehensive managed services including hardware staging and kitting, asset management, support services, training, and installation to provide end-to-end customer success.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise Fleet Management Solution - Custom pricing based on fleet size and requirements

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Velocitor Solutions product offering

Product offering

Core offering

Velocitor Solutions develops and sells the V-Track Platform, a unified enterprise fleet management system that integrates IoT devices, artificial intelligence, and real-time telematics to monitor vehicles, drivers, and field operations. The offering includes the core V-Track software platform, complementary modules such as the MV/AI Camera System, Vehicle Telematics, Field Service software, and ELD Compliance, supported by managed services for hardware staging, asset management, installation, training, and customer support.

Product overview

Velocitor Solutions offers a unified enterprise fleet management platform built around the V-Track Platform as the core product, integrating IoT technology, artificial intelligence, and real-time telematics. The platform is designed as an end-to-end solution eliminating the need for complex integrations. The product portfolio includes V-Track as the central platform, with specialized modules including the MV/AI Camera System (AI-powered visual monitoring), Vehicle Telematics (real-time vehicle tracking), Field Service (field operations optimization), and ELD Compliance (regulatory compliance). The company also offers sub-brand products VTrack and Velocitor for fleet management, plus managed services including Hardware Management, Asset Management, Support Services, Training, and Installation to support the complete customer lifecycle.

Differentiator

Problem solved

Functional benefit

Brands

  • V-Track Platform: Enterprise fleet management platform integrating IoT technology, artificial intelligence, and real-time telematics.
  • VTrack
  • Velocitor

Products and services

  • V-Track Platform Unified enterprise software platform that integrates IoT technology, AI, and real-time telematics to manage fleet operations, providing comprehensive visibility and control over vehicle assets, drivers, and field operations. Designed for commercial fleet operators and logistics companies seeking a single end-to-end solution.
  • MV/AI Camera System AI-powered camera system that uses computer vision to provide real-time visual monitoring and safety intelligence for fleet vehicles, enabling driver behavior analysis and incident prevention.
  • Vehicle Telematics Real-time vehicle tracking and diagnostic solution providing data on vehicle location, performance, fuel consumption, and driver behavior for commercial fleet operators.
  • Field Service Enterprise software module for optimizing field service operations including dispatch, scheduling, and management of field technicians and service operations, integrating with V-Track workflows.
  • ELD Compliance Electronic Logging Device (ELD) software solution that ensures compliance with Hours of Service regulations for commercial vehicle fleets through automated duty status recording and reporting.
  • Hardware Management Service Managed service covering hardware staging, kitting, and provisioning of IoT devices, telematics hardware, AI cameras, and ELD devices for fleet deployments.
  • Asset Management Service Device and asset management services for tracking and managing fleet hardware and equipment throughout its lifecycle.
  • Installation Services Professional installation services for fleet management hardware and devices deployed at customer sites.
  • Training Services Training services enabling customers and field staff to effectively use fleet management software, hardware, and operational workflows.
  • Support Services Helpdesk and technical support services for fleet management software and hardware customers.

Quantifiable outcome

  • Measurable improvements in uptime, safety, and overall fleet efficiency

Companies that use Velocitor Solutions

Customer profile

Segments3 records

Ideal customer profiles2 records

Velocitor Solutions technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Velocitor Solutions partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • NextBillion.aicoreStrategic or Co-development Partner · 1 October 2025Velocitor Solutions completed full acquisition of NextBillion.ai on October 1, 2025. NextBillion.ai is a provider of AI-powered mapping and navigation solutions. The acquisition aims to enhance Velocitor's offerings in AI, geospatial solutions, and location-based services for sectors like logistics and transportation.

Recent moves4 records

Expansion highlights5 records

Velocitor Solutions competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Velocitor Solutions social profiles

Digital presence

Velocitor Solutions financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Velocitor Solutions leadership team

Management profile

Number of profiles

Profiles1 record

Velocitor Solutions subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Velocitor Solutions funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Velocitor Solutions M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Velocitor Solutions

What does Velocitor Solutions do?

Velocitor Solutions develops and sells the V-Track Platform, a unified enterprise fleet management system that integrates IoT devices, artificial intelligence, and real-time telematics to monitor vehicles, drivers, and field operations. The offering includes the core V-Track software platform, complementary modules such as the MV/AI Camera System, Vehicle Telematics, Field Service software, and ELD Compliance, supported by managed services for hardware staging, asset management, installation, training, and customer support.

Is Velocitor Solutions a public or private company?

Velocitor Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Velocitor Solutions founded?

Velocitor Solutions was founded in 2015. It employs 51 to 100 people.

Where is Velocitor Solutions based?

Velocitor Solutions is headquartered in Charlotte, United States, in the North America region.

How does Velocitor Solutions make money?

Three revenue lines are on record. Software Platform Subscription is the primary driver. The others are hardware Sales and managed Services.

Does Velocitor Solutions have an API?

No public API is recorded for Velocitor Solutions.

What industry is Velocitor Solutions in?

Velocitor Solutions's product category is Fleet Management Software. Its primary akta.pro industry code is TLAEAFAD, Fleet Tracking, Mapping & Real-Time Location Services (RTLS), with a secondary code of TLABAJAL, Telematics Hardware, Sensors & Installation Services. Its NAICS code is 541512 and its SIC code is 7373.

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Live signals
EIN PresswireVelocitor Solutions Completes Full Acquisition of NextBillion.aiVelocitor Solutions announced on October 1, 2025, that it has completed the full acquisition of NextBillion.ai, an AI-powered mapping, routing, and navigation solutions provider. The acquisition strengthens Velocitor Solutions' technology portfolio in artificial intelligence, advanced mapping, and location-based services for logistics, transportation, and field services sectors. NextBillion.ai, founded in 2020, will operate under its current brand while integration efforts are underway to leverage expanded resources for accelerated product innovation and global scaling.Tech in AsiaUS-based Velocitor acquires NextBillion.ai, Microsoft exitsVelocitor Solutions, a US-based provider of enterprise fleet and field service management platforms, has acquired NextBillion.ai, a developer of routing, dispatch, and mapping APIs for logistics and delivery businesses. NextBillion.ai, which had previously raised over US$32 million from investors including Microsoft, Lightspeed Venture Partners, and Alpha Wave Global, saw those investors exit through the acquisition. The company reported that its revenue more than doubled for the fiscal year ending December 2024, while losses fell by 27%, with financial terms of the deal not disclosed.MarketScreenerVelocitor Solutions acquired Nextbillion.AI Pte. Ltd. from Lightspeed Ventures, LLC, Alpha Wave Global, LP, Microsoft Corporation and others.Velocitor Solutions completed the acquisition of Nextbillion.AI Pte. Ltd. from Lightspeed Ventures, LLC, Alpha Wave Global, LP, Microsoft Corporation, and other shareholders on September 29, 2025. The transaction involves Velocitor Solutions purchasing the AI-focused company from its existing investors including venture capital firms and Microsoft. No financial terms or strategic rationale for the acquisition were disclosed in the report.GlobeNewswireVelocitor Solutions Relies on VMware vSphere with Operations Management to Take Guesswork out of Virtual Environment Performance and EfficiencyVelocitor Solutions deployed VMware vSphere with Operations Management to improve its virtualized environment, reclaiming over 400 vCPUs and 1TB of RAM within 30 days. The resource reclamation allowed the company to delay new hardware purchases for a year. The solution also supports customer proofs of concept and capacity planning.