SmartFleet is a SaaS company based in Espoo, investing in product development with the mission of reducing the cost of business carpooling. In 2024, SmartFleet continued its strong, profitable growth, doubling its turnover to around €14.3 million.

“We made rapid but profitable growth. I am particularly proud that we have such loyal and satisfied customers and a professional team of employees who seem to be enjoying themselves. Together with our strong balance sheet, this is an excellent starting point to continue SmartFleet’s growth story also in fiscal year 2025,” concludes Anton Hentinen, founder and CEO of the company.

SmartFleet’s concept involves managing vehicles in the cloud, but if the customer wants, they can have access to a fleet manager, a professional in the automotive industry, who can advise them as needed. The model is highly scalable, and even large fleets can be quickly integrated into the service.

“Last year, we doubled the number of vehicles managed on SmartFleet. On a monthly basis, even a larger increase of more than 500 cars is not a problem and there is no delay in meeting customer service needs. We don’t have any service chains queuing up,” Hentinen illustrates.

SmartFleet did not lose any customers in 2024. New contracts were signed with, for example, the Päijät-Häme Welfare Region and the City of Espoo. Customer satisfaction NPS was an excellent 83 in the last survey.

Cost savings of 20% on average for customers

It is possible to save large amounts of money on company car costs, but only if you know the cost structure at a very precise level. At the same time, it is worth considering the risks and looking at contracts from a new perspective.

For the first time, SmartFleet’s interface gives customers an accurate view of costs in real time, regardless of how cars are financed or purchased.

“Customers need to have all costs and information transparently and immediately available so they can make data-driven decisions. What are the costs of vehicle financing, maintenance, insurance, management fees and all the other service providers? With this information, they can actively compete for better contracts in the market,” Anton Hentinen explains.

The popularity of traditional car leasing companies is based on the fact that companies’ car expenses are easy to predict when the cost is, say, €800 per month, which, in Hentinen’s experience, is not enough for companies.

“Companies are under so much cost pressure that they really want to know what prices they can get for things like oil, spare parts and tyres. Or what the residual value of the car and the profit on the sale of it will really be when it is replaced in three years’ time. With us, the customer sees all this and benefits from it,” promises Anton Hentinen.

Typically, companies that have become SmartFleet customers have achieved savings of up to 20% on car costs. This is achieved over the entire lifecycle of the vehicles.

Anton Hentinen
CEO
Phone: +358 41 318 1900
Email: anton.hentinen@smartfleet.ai