When was Element founded?

Element was founded in 1946 and raised its 1st funding round 68 years after it was founded.

Where is Element located?

Element is headquartered in Baltimore, United States. It is registered at Sparks, Maryland.

How many employees does Element have?

As of Sep 30, 2026, the latest employee count at Element is 2513.

Is Element a funded company?

Element is a funded company, having raised a total of $125M across 4 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Mar 07, 2014.

When was the latest funding round of Element?

Element's latest funding was a $***** Conventional Debt round on Mar 27, 2025, with participation from 0 investor.

Where does Element rank among its competitors?

Element ranks 5th amongst 3480 active competitors, of which 163 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Wright Express, which secured an undisclosed amount in May, 2025.

Who are the top competitors of Element?

Element's top competitors include Motive, Radius and Wright Express. Among them, Wright Express secured the most recent funding round in May, 2025.

Element - 2026 Company Profile, Team, Funding & Competitors

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/
Social
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

Conventional Debt, Mar 27, 2025, $*****

Investors

ValueAct Capital

Ranked

5^th among 3480 active competitors

Employee Count

2,513 as on Sep 30, 2026

Investment & Acquisitions

Car IQ & 3 more

Similar Companies

Motive & 1058 more

Exit Details

Public

View Element's full profile

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 got listed on Dec 12, 2011.

Click here to take a look at Element's IPO in detail

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

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View details of Element's funding rounds and investors

Element'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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Top competitors of Element include Motive, Radius and Wright Express. Here is the list of Top 10 competitors of Element, ranked by Tracxn score:

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	Greenoaks, G2 Venture Partners & 28 others	77/100
2nd	Radius 1990, Crewe (United Kingdom), Acquired	Predictive marketing and sales platform	$333M	BBVA Ventures, Founders Fund & 18 others	74/100
3rd	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	Warburg Pincus, NewStar Financial & 5 others	73/100
4th	GreenRoad 2004, Austin (United States), Series E	Provider of fleet telematics and management solutions	$81.5M	Generation Investment Management, Benchmark ... & 7 others	71/100
5th	Element 1946, Baltimore (United States), Public	Fleet management and maintenance services	$125M	ValueAct Capital	71/100
6th	LightMetrics 2015, Bengaluru (India), Series A	Provider of video telematics solutions for telematics service providers	$10.7M	Peak XV Partners, Beenext & 10 others	68/100
7th	Netradyne 2015, San Diego (United States), Series D	AI-powered fleet safety camera system	$297M	SoftBank Vision Fund, Point72 Ventures & 11 others	67/100
8th	Lytx 1998, San Diego (United States), Acquired	Provider of video telematics and fleet management solutions	$153M	HarbourVest Partners, Triangle Peak Partners ... & 17 others	66/100
9th	Geotab 2000, Oakville (Canada), Unfunded	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	KCK Group, Piton Capital & 36 others	65/100

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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	Car IQ	2016	San Francisco (United States)
Aug 14, 2024	Acquisition	Auto Fleet	2017	Israel
Aug 22, 2018	Investments	Amerit Fleet Solutions	1999	Walnut Creek (United States)