Connect with us

Hi, what are you looking for?

Jewish Business News


Hoopo Raises $17 Million for Fleet Management


Hoopo Tech (from website)

Hoopo, an Israeli startup that offers a solution to transform unpowered assets into connected fleets, raised $10 million in a Series A round of investment led by ZIM and theDOCK. Hoopo has now raised a total of $17 million to date.

Fleet asset management has to do with everything dealing with the administration and efficient management of all of the assets associated with an enterprise’s fleet operations. It simplifies a firm’s procedures and provides a complete view of assets’ lifecycles from acquisition to usage and resale.

This is something that any business with its own fleet of vehicles needs to be expert in performing. Many manufacturers have their own fleets of trucks to deliver their goods. Or think of businesses like FedEx and UPS that specialize in delivery services. These are the types of enterprises that require an efficient system of fleet asset managemt.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Hoopo said of the raise, “This is a great vote of confidence from both existing and new shareholders, and we look forward to continuing our journey in transforming millions of unpowered assets into smart connected fleets across the globe.”

Founded in 2016, Hoopo is a global provider of cutting-edge, low-cost, power-efficient tracking solutions. The company boasts that its HoopoLogic end-to-end solutions combine sophisticated low-power interoperable hardware, cloud software, and live dashboards to provide complete visibility and an intuitive user experience.

“We serve a diverse range of clients across various business sectors from airport handling to fleet operations, waste management, and supply-chain logistics.”

“This round of funding will enable us to turn millions of unpowered assets into connected fleets in the transportation, aviation, and waste management industries, among others,” said Hoopo CEO Ittay Hayut. “We are also eager to partner with one of the leading innovators in the maritime industry. The combination of Hoopo’s technology and ZIM’s experience and knowledge will allow us to transform dry containers into smart and digital fleets.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.