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Pulpo, a mobility solutions company focused on intelligent fleet management, grabbed a $8 million round of financing led by LatAm Nazca Ventures.
Other participant investors are Femsa Ventures, Swanlaab, and Mexico Ventures, as well as new investors like Cracks Fund and other business angels.
Pulpo’s software simplifies fleet management, allowing for savings of up to 30% in operating costs, as well as savings of more than 50% in man-hours spent on fleet management.
The fresh funds will allow Pulpo to continue expanding the functionalities of its platform: from electric vehicles management, sustainability, and emissions reduction, as well as to reinforce its use of AI to predict vehicle incidents, reduce costs and optimize operations
Pulpo plans to hire more than 200 people over the next twelve months in areas like engineering, product, sales, and customer success in different regions. Some of its customers include Cemex, Telcel, DHL, Arca Continental, MercadoLibre, 99 Minutos, Farmacias del Ahorro, Banorte, and Jokr.
The Mexican-Spanish startup was founded in 2017 by Evaristo Babé, Javier Arambarri, Eduardo Infante, and Pablo Sosa, and already has a presence in 15 countries.
Read more on Tech Gist Africa:
Mexico-based Supply chain startup Alima raise $1.5M
Mexico’s Prosperia Raises US$2 Million
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