Element Fleet Management Corporation
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in mil. unless spec.Company Description
- CEO
- Laura L. Dottori-Attanasio
- Full Time Employees
- 3,000
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- 161 Bay Street Toronto ON Canada M5J 2S1
- IPO Date
- Jun 6, 2011
- Website
- elementfleet.com
- Similar Companies
- Business
- Element Fleet Management Corp. (TSX: EFN) is a leading global provider of full-service fleet management solutions for commercial vehicles and equipment, encompassing leasing, financing, acquisition, maintenance, telematics, safety management, tolls and violations, collision repair, fuel optimization, remarketing, and electric vehicle integration including decarbonization advisory services. The company delivers end-to-end lifecycle management for cars, light-duty trucks, medium and heavy trucks, and material handling equipment, serving industries such as construction, food and beverage, healthcare, transportation, utilities, and government sectors with tailored consulting, analytics, route optimization, risk management, and technology-driven intelligent mobility platforms. Founded in 2007 and headquartered at 161 Bay Street, Suite 3600 in Toronto, Ontario, Canada, Element operates primarily in North America with key offices across the United States, Canada, and Mexico, as well as in Australia, New Zealand, and through its Element-Arval Global Alliance across more than 55 countries; it manages approximately 1.5 million vehicles worldwide, generating the majority of revenue from the United States and Canada. Recent developments include the August 2024 acquisition of Autofleet to accelerate digital innovation in fleet operations; the April 2024 collaboration with BYD to advance zero-emission vehicle solutions and procurement in Asia, coinciding with its expansion into Singapore; the December 2025 agreement to acquire Car IQ, introducing the fleet industry's first scaled vehicle-initiated payments platform integrated into its ecosystem; the launch of the Element Mobility strategic division in July 2025 building on the Autofleet deal and a partnership with Samsara; an August 2025 strategic partnership with Motus to enhance driver mobility solutions; and a February 2025 strategic funding relationship with Blackstone involving an initial CAD $500 million transaction to optimize its funding profile and support growth.
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