STANDARD FLEET SECURES $13M SERIES A TO POWER MIXED-FLEET CONNECTIVITY, LAUNCHES EXPANDED DIGITAL KEY PLATFORM

SAN FRANCISCO, Sept. 10, 2025 /PRNewswire/ -- Standard Fleet, a fleet management platform for the connected-vehicle era, has raised $13 million in Series A funding and expanded its hardware-free Digital Key product.

The funding round was led by Nova Threshold, with participation from WEX Venture Capital, SNR, Garry Tan, CEO of Y Combinator, Salil Deshpande of Uncorrelated Ventures and Apoorv Bhargava, founder of WeaveGrid. Returning investors include Burst Capital, Canvas Ventures, Liquid2, Night Capital, Olive Capital, UP2398 and Danny Wen.

Most new vehicles come off the assembly line with embedded connectivity, but the majority of fleet management systems still rely on hardware and manual processes. Standard Fleet eliminates that problem by connecting directly to a vehicle with a system that supports more than 30 automakers, covering EVs, hybrids and internal combustion engines.

Aggregating over 1,000 data points, Standard Fleet is the first fleet management platform to combine telematics with digital key access and payments for rental, rideshare, leasing, insurance and service fleets. That means no installation delays or additional device costs.

"Our platform connects directly to the vehicle itself, so operators can scale faster, control access in real time, and streamline operations across diverse vehicle types without costly or time-consuming installs," said David Hodge, founder and CEO of Standard Fleet. "We're helping fleets address operational challenges, including the thousands of hours spent annually just managing keys and hardware."

For fleets with existing hardware, Standard Fleet can integrate with leading third-party providers, which is common for vehicles manufactured before 2018. The platform is designed to be flexible, supporting both connected vehicles and those that still rely on traditional telematics devices.

Digital Key: Instant Access, Zero Hardware

Standard Fleet's Digital Key gives fleet operators the ability to grant instant, remote vehicle access with no hardware installs or key handoffs in less than 60 seconds, even without cell service or WiFi. Operators can issue, revoke or schedule access via a secure link, with role-based permissions and full audit trails for control and accountability.

The Bluetooth-enabled solution delivers instant, secure vehicle access and has already powered more than 75,000 trips with existing Standard Fleet EV customers. With this launch, Digital Key is now available to new fleet customers and mixed fleets, including EVs, hybrids and internal combustion vehicles.

"Standard Fleet has been instrumental in helping us scale our operations across multiple markets. Digital Key has saved our team countless hours by streamlining vehicle turnaround and empowering us to confidently manage a 2,500+ vehicle fleet," said Henok Menas, chief marketing officer, DriveWhip. "Paired with fleet dashboards, remote commands and vehicle health alerts, the platform helps keep our operation running seamlessly. The shift from reactive to proactive management has been a major boost to our efficiency and productivity."

Standard Fleet's Digital Key is the only solution on the market combining digital access with integrated payments and telematics. It automates payments for EV charging, tolls, rental extensions and other fees, enabling daily payouts to providers and instant access revocation for nonpayment.

"Standard Fleet is bringing a new solution to fleet management by embracing vehicle connectivity and data, not ignoring it," said David Klein, head of WEX Venture Capital. "By removing complexity and giving fleets real-time control, they are giving fleets the tools to scale quickly, addressing a critical need in a rapidly evolving market. They are a tremendous addition to our growing portfolio of innovative companies across mobility and the energy transition."

According to a 2024 report by ResearchAndMarkets, the global fleet management systems market is projected to grow from $24.6 billion in 2023 to $71.7 billion by 2030, driven by EV adoption and connected vehicle data. Standard Fleet is uniquely positioned as a next-generation, OEM-agnostic solution designed to help rental, rideshare, leasing, insurance and service fleets scale efficiently in this rapidly growing sector.

For more information about Standard Fleet, please visit www.standardfleet.com.

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SOURCE Standard Fleet