Fleetx.ai, an AI-native fleet and logistics technology company, has acquired Transportation Management System (TMS) providerPando.aifor an undisclosed amount. The acquisition will give customers access to a unified platform covering fleet visibility and freight execution, with AI capabilities across the stack. Pando.aiworks with enterprises across sectors, including Sun Pharma, Honda, Castrol, Godrej, Pernod Ricard, Berger Paints, Perfetti Van Melle and Orient Electric. Following the acquisition,Pando.aiwill continue to operate as a distinct brand with its existing product and company identity.Fleetx.aiwill build onPando.ai’s platform by adding its AI capabilities and expanding the combined offering. Fleetx.aihas been operating for the past nine years and works with companies across logistics, construction, energy, retail and manufacturing. Its customers include UltraTech, Adani, AM/NS India, MP Birla Group, Maersk, Unilever and Mondelez. Pando.ai’s entire leadership team has joinedFleetx.aiand will continue to lead thePando.aibusiness.Fleetx.aiwill also invest inPando.ai’s products and AI capabilities. Following the acquisition, the combined entity plans to prepare for a public listing over the next 18-24 months. The company is targeting a combined revenue of Rs 300-400 crore on a profitable basis by the time of the listing. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
