TLDR:
- CTA Smart, a technology company in the fuel sector, raised US$3M in funding.
- The funding will be used for expansion into the American market and globally.
CTA Smart, a technology company operating in the fuel sector, has raised US$3 million in funding. The round was led by Invisto and Indicator Capital, with the company planning to use the funds for expansion into the American market and globally. Founded in 2012, CTA Smart utilizes intelligent systems technology for fleet fueling on a Software as a Service (SaaS) model. Their platform offers remote installation for fuel management across various industries globally, previously only available to large enterprises. This real-time, cloud-based management system helps reduce waste and deviations, lowering operational costs while enhancing productivity, profitability, and competitiveness. CTA Smart’s international brand, Link2Pump, led by CEO Filipe Borges, has experienced over 100% annual growth for the past two years and operates in seven countries. The technology serves over 40 U.S. states and manages more than 2.5 billion liters of diesel annually, attracting large-scale clients.
