Chevin Fleet Solutions
Deal Type
Debt Finance
Initial Investment
April 2020
Sector
Technology
Fund
MEIF Visionary Gains Debt Finance
Status
Current
Belper business Chevin Fleet Solutions, is the leading global provider of fleet management software solutions to customers in both private and public sectors, with offices in the UK, USA, Belgium, France, and Australia. Its flagship fleet management product, ‘FleetWave’, is used in more than 180 countries across multiple sectors to manage around two million vehicles and associated assets.
Chevin has identified a growing demand for SaaS (Software as a Service) and plans to use the funding to support commercial opportunities and target the SME market on a global scale. The company is also planning to create 20 new jobs to aid its expansion.
We are delighted to have secured the MEIF funding and, in turn, the opportunity to expand our business horizons. This level of financial backing will allow us to strengthen our product range, broaden our client base, and enhance global opportunity. It will further define our footprint in fleet management.
Ashley Sowerby, Founder and Managing Director of Chevin Fleet Solutions