Fleet secures $5M to revolutionize commuter benefits. As work patterns evolve, we're empowering companies to offer seamless, sustainable transportation solutions. Learn more about how we're reshaping the future of commuting – for happier employees and a greener planet.
Commuting patterns and habits of American professionals have changed more dramatically in the past four years than they have in decades prior. Companies have experimented with hybrid schedules and many have implemented return-to-office (RTO) programs. States and cities throughout the U.S. have mandated that companies with headcounts over 20 or 50 (depending on the jurisdiction) offer commuter benefits programs to their workforce. As awareness of commuter benefits grows, employees are demanding user-friendly programs for easy access, management, and customization.
These new conditions have created a huge market opportunity for modern technology to support compliance and improve employee retention in commuting. In response to that opportunity, Fleet is proud to announce that it will exclusively focus on developing, deploying, and managing a best-in-class commuter benefits management platform. We are able to make this commitment through new funding led by Congruent Ventures, bringing the total raised by Fleet to date to over $5 million.
Transportation is currently one of the top contributors of greenhouse gas emissions. Getting from place to place can create outsize impacts on the planet, and commuting is no different. As more employees return to on-site work, companies and workers have the power to make commuting more sustainable and meaningfully reduce transportation emissions.
Fleet believes that choosing more sustainable transportation options is not just a matter of convenience, but a declaration on what we value, and a statement on how we want our future to look like. Fleet wants to make it possible for millions of workers to make that statement every day.
We believe that commuter benefits programs can achieve their full potential when companies work with a partner that can provide a low-cost, flexible, scalable, and easy-to-manage solution.
Fleet's solutions make it easy for employers to deploy, scale, and manage a commuter benefits program across an entire enterprise, seamlessly integrating into HR, accounting, and finance systems. We offer automated commute analysis, customized program configuration, and backend support for invoicing and payments, auto-deducts, employer subsidies, corporate discounts, and tax benefits.
With Fleet's solutions, employees can seamlessly manage and make changes to their benefits without additional back-office overhead, cumbersome reimbursement, and AP processes. They can easily take advantage of incentives offered by their employers, making their commutes not only less carbon-intensive but more rewarding.
Thanks to support from Congruent Ventures, Virta Ventures, Plug and Play, and Rally Cap, and others, Fleet will expand its team to scale and continually improve our platform. We have an amazing mission-driven staff who are dedicated to decarbonizing transportation, and we look forward to bringing on more like-minded individuals onto our staff.
Find out how your company can provide commuter benefits and transportation incentives with Fleet at movewithfleet.com.
