2 August 2018

Fleetondemand secured £5m from BGF to support its growth plans.

The funding round was backed by long-term investment partner BGF.

£5.0M

Fleetondemand provides mobility technology solutions and vehicle rental platforms for businesses.

Mobility technology provider Fleetondemand has received funding from BGF to support its ongoing growth and strategic initiatives. The transaction involves BGF taking a minority stake in the business to back its expansion plans in the vehicle rental sector. The capital supports the company as it builds out its mobility service offerings and integrates new technological capabilities.

From the founder

"Bringing the two businesses together was an easy decision in our aggressive growth plan. FleetEurope has been a key business partner since 2012 and has gone from strength to strength in recent years under the guidance of Joe Howick and his experienced management team."

Justin Whitston

chief executive officer at Fleetondemand

Investor perspective

"FleetEurope is a well-established player within the fleet sector that has shown unprecedented growth over the last three years. This impressive performance, combined with its experienced management team, broad range of long-standing clients and its reputation for service excellence were influential in our decision to invest in the business."