Tallinn-based AI startup Fleetbrains has secured nearly €1 million in funding from Icebreaker.vc to develop its real-time vehicle inventory and fleet management solutions. The company’s technology analyzes market trends and past transactions to forecast the most profitable times and prices for buying or selling vehicles. With data from 300,000 vehicle sales worth approximately €10 billion, Fleetbrains aims to improve decision-making in the automotive industry. The funding will support further development of its AI models and a newly established collaboration with the University of Tartu’s Institute of Computer Science.
As the automotive industry grapples with fluctuating demand, aging inventory, and unpredictable market trends, data-driven decision-making has become increasingly critical for fleet managers and car dealerships. Traditional inventory management relies heavily on intuition and static pricing models, often leading to inefficiencies and lost revenue. In response, AI-driven solutions are emerging as a transformative force, offering predictive insights based on vast datasets.
Estonian startup Fleetbrains is tackling this challenge by developing an AI-powered platform that analyzes real-time sales data to optimize vehicle procurement and pricing strategies. The company provides accurate forecasts for market trends and profitable models. Fleetbrains’ solutions help increase sales margins, reduce aging inventory, and boost revenue, bringing data-driven decisions in the automotive industry to a new level.
“Our solution forecasts in real time when, which, and at what price companies can most profitably buy or sell vehicles or their fleet to maximize profits. For example, the system identifies model versions or configurations in higher demand in the market and those vehicles at risk of remaining unsold in warehouses,” explained Martin Piirmaa, founder of Fleetbrains.
He is joined by co-founders Rutmar Silde, a 10-year AI expert, and Tauno Laja, who has a background as a fleet manager and experience in business development for Bolt Drive.
Fleetbrains’ technology analyzes historical sales data and market trends to forecast which vehicles will sell most profitably and which are at risk of remaining unsold. The company has already examined 300,000 vehicle transactions worth €10 billion, enabling more precise predictions for fleet managers and car dealerships.
“We have analyzed nearly 300,000 vehicle sales transactions worth approximately €10 billion and can already make highly accurate forecasts based on this data,” Piirmaa added.
The startup is also partnering with the University of Tartu’s Institute of Computer Science to advance research in AI-driven market analysis.
Icebreaker.vc, which invests in early-stage tech startups across Europe, supports companies under the InnovFin Equity initiative and the European Strategic Investment Fund. The firm’s backing signals growing investor confidence in AI applications for automotive sales and fleet optimization.
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Read the orginal article: https://arcticstartup.com/fleetbrains-raises-nearly-e1-million/
