Fleetx.ai acquires Pando.ai for AI-led logistics
· Source: itln.in
In short
Fleetx.ai has acquired transportation management system provider Pando.ai for an undisclosed amount, creating a unified AI-native platform combining fleet visibility, transportation management, and freight execution. The combined entity will target a potential public listing over the next 18-24 months with combined revenue of ₹3-4 billion, as India's fleet and logistics sector accelerates technology adoption driven by rising trucking volumes, e-commerce, and industrial growth.
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Tags: logistics, acquisition, fleet management, AI agents, transportation, freight