RTA, a leading provider of fleet maintenance management software, announced the closing of a Series A funding round, led by Susquehanna Growth Equity (SGE). PHX Ventures also participated in the round.
Launched to transform the way fleets operate, RTA provides a powerful fleet management information system (FMIS) Fleet360 that helps elevate stakeholder satisfaction, maximize resource efficiency, reduce fleet risk, and enhance and retain top talent with an intentional culture. And with thousands of clients across the country, RTA is trusted by public works departments, transit agencies, schools, and municipalities to power their most essential fleet operations.
What the funding will be used for: This strategic funding will help RTA scale its impact, expand its team, and accelerate product innovation as it builds toward becoming the dominant leader in fleet management software.
With this new round of funding, RTA also plans to: 1.) Expand its product and engineering teams to accelerate roadmap execution 2.) Enhance its fleet management software to deliver even greater insights, automation, and ease of use 3.) Deepen market reach by investing in client success and go-to-market initiatives 4.) Reinforcing its five-star support legacy and delivering legendary customer experiences
KEY QUOTES:
“This funding is fuel for our mission, not just our growth. It’s validation that our vision resonates, our market matters, and our team is executing at a level worth investing in. Now, we double down – on our people, our clients, and the purpose that got us here: to help fleets succeed.”
Josh Turley, CEO of RTA
“RTA represents everything we look for in a high-impact investment: a proven solution for a critical segment of our economy, and a leadership team that understands how to build both culture and category. We’re thrilled to support RTA as they scale their impact across the fleet management industry.”
Aaron Flack, Partner at SGE
