Fujitsu and Israeli Startup Autofleet Embark on Global Strategic Cooperation
Joint development of sustainable logistics solutions to solve social issues
Fujitsu Limited, Autofleet, Ltd.
Tokyo, October 28, 2021
Fujitsu Limited and Autofleet, Ltd. (Head Office: Israel, CEO: Kobi Eisenberg; hereinafter referred to as Autofleet), providing an optimization platform for fleets, leveraging AI for demand prediction and vehicle dispatching technology, have agreed to embark on global strategic cooperation to develop sustainable logistics solutions and contribute to the resolution of issues including labor shortages in the logistics industry and environmental problems. To kick-start co-creation activities, Fujitsu has made a strategic investment in Autofleet through a corporate venture capital fund managed by its subsidiary Fujitsu Ventures Limited (1).
Logistics represents a critical element in the infrastructure of society, and enriches peoples’ lives by supporting economic development within a complex ecosystem. Changes in peoples’ lifestyles with the emergence of the COVID-19 pandemic has upended existing consumer business models, highlighting the importance of logistics as demand for shipping and e-commerce services increase dramatically.
These trends have exposed fundamental weaknesses in the global supply chain, as the logistics industry confronts new challenges posed by labor shortages and environmental issues due to increased CO2 emissions. With this latest move, Fujitsu and Autofleet recognize the urgent need to develop more dynamic and resilient models for logistics to ultimately deliver more efficient and environmentally sustainable approaches.
By combining Autofleet's platform, with Fujitsu’s know-how in systems development and industry expertise in logistics, the two companies aim to leverage their joint activities to develop and bring to market sustainable global logistics solutions.
The two companies envision use cases including solutions for the dynamic allocation of trucks for last-mile transport for home delivery, where demand for logistics fluctuates widely, as well as vehicle matching (2) for emergency transport, the coordination of mixed vehicles transporting passengers, and freight with public transport. The companies will also explore the possibilities of route optimization solutions based on the location of charging points for electric vehicles, which are being introduced in the logistics industry with the aim of achieving decarbonization targets.
This partnership will be introduced during a virtual session during Fujitsu's flagship digital experience, "Fujitsu ActivateNow 2021" Session 2 (https://event.jp.fujitsu.com/activatenow/), during the "Green DX Accelerated Through Sustainable and Resilient Logistics" part of the "Trusted Society Day" scheduled for Friday, October 29 for audiences in Japan (available on demand from October 29 until November 30).
- Fujitsu Ventures Limited:
Chiyoda-ku, Tokyo; President and CEO: Hideaki Yajima
- Matching of vehicles:
matching of truck operators with cosigners for freight transportation
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.
Autofleet provides the leading Vehicle-as-a-Service platform for fleets to optimize existing operations and to seamlessly launch new business models from existing assets. The platform leverages advanced machine-learning algorithms for demand prediction, optimized placement and matching, automated pit-stop management and in/de-fleeting, and more. To date, Autofleet is optimizing tens of thousands of vehicles, and has partnered with some of the largest fleets on the planet. More information is available at https://www.autofleet.io/.
Public and Investor Relations Division
Company: Fujitsu Limited
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 28 October, 2021
City: Tokyo, Japan
Company: Fujitsu Limited, Autofleet, Ltd.