Element - About the company
Element is a public company based in Baltimore (United States), founded in 1946. It operates as a Fleet management and maintenance services. Element has raised $125M in funding. The company has 3480 active competitors, including 163 funded and 162 that have exited. Its top competitors include companies like Motive, Radius and Wright Express.
Company Details
Fleet management and maintenance services. It is a provider of innovative fleet management and maintenance services for corporations and businesses. Their fleet management solutions cover small, medium, and large vehicles and material handling and construction equipment. They also provide maintenance scheduling, financial services, and consulting in the fleet management domain.
- Website
- www.elementfleet.com/
- Phone Number
- +1 **********
- Registered Address
- Sparks, Maryland
Key Metrics
Founded Year
1946
Location
Baltimore, United States
Stage
Public
Total Funding
$125M in 4 rounds
Latest Funding Round
Investors
Ranked
5th among 3480 active competitors
Employee Count
2,513 as on Sep 30, 2026
Exit Details
Public
Legal entities associated with Element
Element is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Element Vehicle Management Services Group, LLC CIN: 20101398905 , United States, Active | Jul 16, 2010 | - | - | - |
ELEMENT VEHICLE MANAGEMENT SERVICES GROUP, LLC CIN: 352441330 , United States, Active | Dec 26, 999 | - | 1492 (As on Dec 31, 2024) | - |
Element's IPO details
Element got listed on Dec 12, 2011.
Click here to take a look at Element's IPO in detail
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Element's funding and investors
Element has raised a total funding of $125M over 4 rounds. Its first funding round was on Mar 07, 2014. Element has 1 institutional investor.
Here is the list of recent funding rounds of Element:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 27, 2025 | 7556300 | Conventional Debt | 3230702 | 3363329 | 4888481 | 7427570 |
Jan 29, 2025 | 2335378 | Conventional Debt | 8653900 | 2390899 | 9686394 | 4837733 |
Nov 01, 2017 | 1353702 | Conventional Debt | 5051057 | 7115787 | 1431662 | 9253343 |
View details of Element's funding rounds and investors
Element's founders and board of directors
Founder? Claim ProfileElement's employee count trend
Element has 2,513 employees as of Sep 26. Here is Element's employee count trend over the years:
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Element's Competitors and alternates
Top competitors of Element include Motive, Radius and Wright Express. Here is the list of Top 10 competitors of Element, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Motive 2013, San Francisco (United States), Series F | Developer of fleet management software and hardware for vehicle tracking | $567M | 77/100 | |
2nd | Radius 1990, Crewe (United Kingdom), Acquired | Predictive marketing and sales platform | $333M | 74/100 | |
3rd | Wright Express 1983, Portland (United States), Public | Provider of fleet management, employee benefits, and business payment solutions | - | 73/100 | |
4th | GreenRoad 2004, Austin (United States), Series E | Provider of fleet telematics and management solutions | $81.5M | 71/100 | |
5th | Element 1946, Baltimore (United States), Public | Fleet management and maintenance services | $125M | 71/100 | |
6th | LightMetrics 2015, Bengaluru (India), Series A | Provider of video telematics solutions for telematics service providers | $10.7M | 68/100 | |
7th | Netradyne 2015, San Diego (United States), Series D | AI-powered fleet safety camera system | $297M | 67/100 | |
8th | Lytx 1998, San Diego (United States), Acquired | Provider of video telematics and fleet management solutions | $153M | 66/100 | |
9th | AI and SaaS-driven telematics-based fleet management solutions | - | - | 66/100 | |
10th | Wunder Mobility 2013, Hamburg (Germany), Series B | Provider of software for shared mobility operators to manage vehicle fleets | $72M | 65/100 |
Looking for more details on Element's competitors? Click here to see the top ones
Element's Investments and acquisitions
Element has made 2 investments in companies including Amerit Fleet Solutions and DMG. Element has also acquired 2 companies including Car IQ and Auto Fleet.Here is the list of investments & acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 02, 2025 | Acquisition | 2016 | San Francisco (United States) | |
Aug 14, 2024 | Acquisition | 2017 | ||
Aug 22, 2018 | Investments | 1999 | Walnut Creek (United States) |
Reports related to Element
Here is the latest report on Element's sector:
News related to Element
Media has covered Element for a total of 26 events in the last 1 year, 7 of them have been about company updates and 3 about people movement.
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Waymo Secures First Debt Financing with $5 Billion LoanTech in Asia•Oct 09, 2026•Waymo, PIMCO, Alphabet, Element and 1 other
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Arkansas CRE firm Tempus Realty Partners acquires Minnesota office campus for $66MYahoo•Sep 22, 2026•US Bank, Digi International, Element, Sovos Compliance and 1 other
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Element Withdraws Proposal to Acquire FleetPartners GroupFinancial Times•Sep 14, 2026•Element, FleetPartners
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Element Fleet Management Non-GAAP EPS of $0.34, revenue of $318M beats by $2.74MSeeking Alpha•Aug 06, 2026•Element
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FleetPartners Receives Conditional Takeover Approach From SG TipRanks•Aug 03, 2026•Sgfleet, FleetPartners, Element, ORIX
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CPP Investments and Element Fleet Management Announce Strategic PartnershipCNW•Jun 26, 2026•Element, CPP Investments
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Element Announces Inaugural Equity Residual Transaction, Expanding Strategic Funding CapabilitiesFinancial Post•Jun 26, 2026•Element
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Element Partners With Waymo To Scale Autonomous MobilityAuto Remarketing•Jun 15, 2026•Waymo, Element
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