Fleetx.ai acquires Pando.ai to build end-to-end AI platform for logistics

Fleetx.ai, an AI-native fleet and logistics technology company, has acquired transportation management software provider Pando.ai for an undisclosed amount, as it looks to bring fleet visibility and freight execution onto a single platform.

Pando.ai will continue to operate as a separate brand, with its existing product and company identity, a statement said. Its entire leadership team has joined Fleetx.ai and will continue to run the business.

The acquisition gives Fleetx.ai access to Pando.ai’s transportation management platform, which is used by large enterprises including Sun Pharma, Honda, Castrol, Godrej, Pernod Ricard, Berger Paints, Perfetti Van Melle and Orient Electric.

Fleetx.ai plans to layer its AI capabilities onto Pando.ai’s platform and invest further in its products and AI capabilities.

Founded nine years ago, Fleetx.ai has expanded from a fleet visibility platform into a technology provider for physical operations across logistics, construction, energy, retail and manufacturing. Its customers include UltraTech, Adani, AM/NS India, MP Birla Group, Maersk, Unilever and Mondelez.

The company said the acquisition marks a shift from simply monitoring physical operations to using AI to reason, plan and execute tasks across them.

"Bringing Pando.ai into the Fleetx.ai fold creates a unified, end-to-end stack for fleet and logistics, powered by AI agents," said Vineet Sharma, co-founder and CEO of Fleetx.ai. "We’re equally excited to work closely with Pando.ai’s leadership team and build on the deep expertise they bring," added Sharma.

For Pando.ai, the deal is expected to accelerate investment in AI while allowing the company to retain its existing product and team.

The combined business is now preparing for a potential public listing over the next 18-24 months. Fleetx.ai is targeting combined revenue of Rs 300-400 crore on a profitable basis by the time of the listing.