Dubai's Tenderd Raises $30m Series A Led by A.P. Moller Holding for AI Fleet Platform
Fleet and heavy-equipment management startup Tenderd has closed a $30 million Series A led by Danish investment company A.P. Moller Holding.
Tenderd, the Dubai-based fleet and heavy-equipment management startup, has closed a $30 million Series A funding round led by A.P. Moller Holding, the investment company behind the A.P. Moller Group.
New investors including Quadri Ventures joined the round alongside existing backers such as Wa'ed Ventures, Nakhla Ventures, SOMA Capital and Liquid 2 Ventures.
Founded in 2018 by Arjun Mohan, Tenderd offers an AI-powered analytics platform that helps companies increase utilisation of vehicles and heavy equipment, optimise logistics and maintenance, and cut fuel consumption and emissions across industries such as construction and logistics.
The funding supports Tenderd's push to scale its AI platform for asset-heavy industries in the region and internationally.