About BetterFleet
BetterFleet, previously called EVenergi, builds software and offers services that help fleet operators plan, finance, and manage the shift to zero-emission vehicles. Its products include Fleet Planning, Charge Management, and EV Managed Services, aimed at transit bus fleets, government fleets, school bus fleets, and logistics operators. The planning tool uses artificial intelligence and digital twin modeling to simulate routes, weather, and charging needs before a fleet converts to electric vehicles.
Founded in Sydney in 2016, the company now serves more than 200 fleets across North America, Europe, and Australia, with offices in Ann Arbor, Michigan; Sydney; London; and Toronto. It has been selected to manage electric vehicle charging for the Metropolitan Police in London, one of Europe's largest public safety fleets. It has also been selected to support electric bus operations for transit agency Mountain Line. Daniel Hilson founded the company and serves as its chief executive officer.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 23, 2026 | Nov 4, 2026 | $4,010,000of $5.0M target | 6 | $668K | Options, Securities on exerciseRule 506(b) | Form D ↗ |
| Feb 14, 2025 | Feb 26, 2025 | $6,999,988fully sold | 2 | $3.4M | EquityRule 506(b) | Form D ↗ |
| Nov 13, 2023 | Nov 28, 2023 | $5,000,000of $10.0M target | 1 | $5.0M | EquityRule 506(b) | Form D ↗ |
| Total, three offerings | $16,009,988 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by BetterFleet
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Dec 6, 2023 | Series A | $10 million | Aligned (lead) | Route One: EVenergi Series A funding round ↗ |
Why Investors Backed BetterFleet
BetterFleet, previously called EVenergi, sells software and services that help bus, government, and logistics fleets plan and manage their shift to electric vehicles. Founded in Sydney in 2016, the company later took the BetterFleet name and expanded to offices in Ann Arbor, London, and Toronto. It now serves more than 200 fleets across North America, Europe, and Australia, including London's Metropolitan Police and the transit operator Mountain Line. Investors are backing a company that has already signed major public fleets and keeps adding new customers across several countries.
The problem it targets
BetterFleet's case is that moving a fleet to electric vehicles is harder than it looks. Factors such as topography, weather, and regenerative braking affect how far a vehicle can travel on a charge. Ignoring them can lead a fleet to overbuild charging infrastructure or face unplanned downtime. Its planning software models these factors so a fleet can size vehicles and chargers correctly before buying them.
What the product does
BetterFleet sells three linked products: Fleet Planning, Charge Management, and EV Managed Services. The fleet planning tool builds a digital twin of a fleet's routes and depots, modeling topography, weather, and regenerative braking to size vehicles and chargers before a purchase. The charge management product schedules charging across a site to avoid demand spikes and keep vehicles ready for service. The platform is SOC 2 verified, holds Cyber Essentials Plus certification, and connects to more than 50 integrated partners.
Progress so far
The company renamed itself from EVenergi to BetterFleet. It has signed London's Metropolitan Police to manage EV charging across one of Europe's largest police fleets. It was also selected by transit operator Mountain Line to support electric bus charging. BetterFleet also joined the UK government's Commercial Agency framework for electric vehicle infrastructure and expanded into New Zealand through a deployment with Ritchies. More than 200 fleets now use its planning and charge management software.
Who backs it
In 2018, the Australian Renewable Energy Agency funded half of a $350,000 pilot called Charge Together that Evenergi ran with South Australian partners to study electric vehicle adoption. In December 2023, trade press reported that investor Aligned joined EVenergi's board as part of a $10 million Series A round. At the time, the company was expanding internationally under its original EVenergi name, before later adopting the BetterFleet brand.
We wrote this summary from public statements by BetterFleet and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on BetterFleet's Form D filed Nov 4, 2026.
Earlier filings also listed Young Lee (executive officer, last listed Feb 2025), Zoe Hilson (executive officer, last listed Nov 2023), James Rubin (director, last listed Nov 2023) and Brendan Ball (director, last listed Nov 2023).