Wednesday, August 28, 2013

Fleet Management Startup Local Motion Raises $6 Million From Andreessen Horowitz, Adds Steven Sinofsky To Its Board

A new startup called Local Motion is providing the tools necessary for businesses to reduce waste and right-size their fleets of cars, which could save them significant money in the long term. To move forward, the startup has just taken $6 million in Series A financing from Andreessen Horowitz, and will be adding former Microsoft exec and recent a16z addition Steven Sinofsky to its board. Local Motion, in short, wants to bring the same sort of efficiencies that the sharing economy promises to consumers — the ability to curtail ownership in certain goods and help manage usage to make them more readily available when needed — and apply those principles to enterprise and government entities.


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Fleet Management Startup Local Motion Raises $6 Million From Andreessen Horowitz, Adds Steven Sinofsky To Its Board


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via Arne Ruhnau News http://arneruhnau.com/fleet-management-startup-local-motion-raises-6-million-from-andreessen-horowitz-adds-steven-sinofsky-to-its-board/