Paris, France 7 February 2024 — Guided Energy has raised over $5m from Sequoia Capital and Dynamo Ventures.
Guided Energy is an all-in-one EV fleet and energy management system. It connects with the entire EV ecosystem to show what’s happening and what needs to happen. Integrations with EVs, on-site chargers, and external charging networks provide operators critical visibility. These integrations also automate time-consuming operational tasks such as planning charge sessions and managing dispatch. Additionally, they streamline reporting and expense management within legacy fleet management systems. The Guided platform, powered by AI, helps fleets of all sizes save up to $10,000 per EV annually. Moreover, to achieve this, increase vehicle productivity, decrease operating costs, and avoid CapEx.
This capital will be used to onboard thousands of commercial EVs across delivery, transportation, and car rental fleets. It already includes some of the largest mobility providers like SIXT and Addison Lee. The funding will be used to expand Guided Energy’s EV fleet management platform and develop new products and services to support the growing demand for sustainable transportation solutions.
Fleets are facing growing regulation, shifting customer demand, and mounting public pressure to electrify. However, they lack the systems and tools to make the transition. They need to rethink their entire operations and account for new variables including range, power availability, cost of energy, weather, terrain and much more. Existing solutions just don’t work for this new complexity. The data fleet managers need in order to work efficiently is locked up in silos across a fragmented ecosystem.
“Fleets have been digitizing their processes for the last two decades. Electrification has added new systems and new data that is incompatible with their existing operations.” said Anant Kapoor, Co-founder & CEO of Guided Energy. “By breaking these silos, fleets have a unified view across their entire EV operations. This allows them to use upcoming routes or jobs to schedule charging and real-time EV data to plan their dispatch and more.”
Sixt, one of the largest mobility providers globally, is already seeing the benefits of being a Guided Energy customer. “The need to electrify our fleet means that branches have to adapt the way they work to EVs, particularly when it comes to recharging.” said Marc Aubrée, Managing Director of SIXT France. “Guided Energy will optimize our use of charging infrastructure both on-site and on the road. Embedding external charging solutions into our operations maximizes daily utilization, enabling us to optimize resource usage throughout the day.”
“Addison Lee has already electrified over a thousand vehicles in our transition towards renewable transport.” Said Richard Davies, Director of Data and Commercial Finance at Addison Lee. “Guided Energy is a critical enabler, leveraging data across EVs and chargers to optimize our ride allocations and charging. This enables us to deliver a better electric experience to both our drivers and customers.”
Guided Energy was founded by Anant Kapoor and Eric Daoud in 2023 to enable fleets to run both sustainably and profitably. Anant, CEO, is an engineer from the University of Cambridge & MIT and has led product teams to develop software used by thousands of fleets to track and cut their emissions. Eric, CTO, is a PhD in Machine Learning from INRIA. Moreover, he utilized Machine Learning techniques to address resource allocation and optimal transport problems in his research.
“Guided Energy is building the operating system for the future of sustainable fleets. Leveraging machine learning, the platform gives customers an easier and cheaper way to charge, operate and manage their electric vehicles,” said Bryan Schreier, Partner at Sequoia. “Anant and Eric have complementary backgrounds combining logistics product management and ML capabilities. This makes them the ideal team to tackle this problem. We’re excited to partner with them on this next phase of growth.”
“We found that Guided Energy is the missing link to deliver an electrified future that is both sustainable and economical. Having spoken to fleets navigating the transition,” said Santosh Sankar, Managing Partner at Dynamo Ventures. “The ability to integrate dispatch and fleet operations sets the baseline for optimizing and automating fleet operations. This, along with internal and external charging networks, boosts EV profitability for businesses.”