Intangles drives ahead with $30M funding boost

Intangles has raised $30 million in Series B funding led by Avataar Venture Partners. 

Intangles uses AI and IoT to help vehicle makers and fleet owners predict issues early, suggest repairs, and keep vehicles running efficiently.

What’s brewing: the funds will be used to scale the technology, expand into new geographies, boost predictive AI models, and grow the team.

It manages over 4 lakh vehicles across logistics, mining, construction, and transport. Its clients, big vehicle makers and fleet owners across North America, Europe, Asia, and the Middle East,  save up to $10,000 per vehicle every year on maintenance.