Rynse – a new fleet management software for government and enterprise organizations – offers a powerful solution for fleets struggling with operational efficiency and profitability challenges like fraud, overspending, and vehicle maintenance. And by connecting fleet management with payment systems, Rynse provides an expansive network of vendors, streamlines procurement, saves time, and reduces fraud, enabling fleets to operate more efficiently. Rynse has secured $5 million in seed funding led by Autotech Ventures, with participation from returning investors Founder Collective and Correlation Ventures, along with new investor Connexa Capital.
This funding round will advance Rynse’s strategic expansion and support key initiatives like product development, marketing efforts, and operational scaling to meet growing demand. And Rynse, which started exclusively serving fleets in 2024, secured contracts with government agencies across 10 states, such as the State of Utah; Anne Arundel County, Maryland; Baltimore County, Maryland; Broward County, Florida; City of Cincinnati, City of Pasadena; City of Pittsburgh; City of Sacramento and Tennessee Department of Environment. This year, the company will expand into the private sector.
Through its software and fleet-related services payment card, Rynse gives fleet managers and billing administrators more control over vendor and service options. The card offers fleet operators flexible spending controls and access to a nationwide network of car washes, preventative maintenance providers, and fueling/charging locations, removing the constraints of relying on single vendors.
Complementing the payment card, Rynse’s advanced fleet management software automatically processes, digitizes, and consolidates every transaction, eliminating the need for manual entry or reliance on integrations with expense management platforms. And fleets benefit from unified and timely invoices for all vendors, with transaction data seamlessly synced with Rynse’s system. The data is also formatted for easy uploading into existing fleet management systems.
To address fleet procurement challenges (especially government), Rynse secured the highly competitive Sourcewell supplier award. And this strategic cooperative purchasing program streamlines government procurement for state, local, and educational agencies, enabling Rynse to bypass traditional processes. Among the major global automotive service providers, Rynse was the only provider to receive the award across multiple categories, including car washing, preventative maintenance, and related garage services.
The State of Utah has faced challenges establishing a car wash vendor network for its internal departments due to limited procurement resources and lengthy bidding processes. And with an estimated 18-month timeline to find a solution, the state turned to Rynse. Within months, Utah gained access to an expanded car wash network and consolidated billing.
This year, Rynse will continue to grow its public sector footprint and build out its private sector customer base. And it will also expand its nationwide network of preferred vendors.
KEY QUOTES:
“Fleet operators and drivers want flexibility in terms of how they maintain their vehicles, but traditional contracting makes that difficult to achieve. We believe Rynse is a game-changer for the industry because of its potential to deliver immediate value by helping fleets operate more efficiently and with greater transparency. “
- Ivy Nguyen, principal at Autotech Ventures
“When we spoke with fleet operators, they highlighted major pain points with vendor procurement alongside excess time spent on administrative tasks. We set out to create a platform to reduce the administrative burden, offering unprecedented transparency into vehicle service to improve planning, security and compliance. On average, fleets using Rynse have reduced administrative time by an average of 20 hours a month.”
“Becoming a Sourcewell supplier has made Rynse an attractive partner for government fleets and has positioned the company for accelerated public sector growth. As an approved supplier, we can simplify the procurement process by addressing complex regulatory requirements, cutting lead times from months for local governments and years for state entities.”
- Roland Lau, CEO and co-founder of Rynse
“As a Sourcewell recipient, Rynse solved a problem for us, quickly unlocking a broad network of trusted service providers across multiple locations throughout the state, saving our drivers time. This streamlined our entire procurement process, allowing us to service our fleet through one centralized system, reducing costs and saving significant administrative time.”
- Cory Weeks, director of fleet operations for the State of Utah
