“Our customers have trusted us over the years to help manage some of their most complex transportation operations, and that trust is at the center of how we think about this next step,” said Badri Setlur, CEO, Pando.ai.

Chennai, India (August 20, 2026) Pando.ai, a leading AI-powered Transportation Management System company, today announced that it is joining forces with Fleetx.ai, a market-leading fleet management company, bringing together complementary capabilities across enterprise transportation and fleet operations.

Over the years, Pando.ai has been trusted by many of the leading global enterprises and has built a strong position in the TMS market, helping manufacturers, retailers and distributors manage increasingly complex freight operations. Its platform brings together data, automation and AI across the decisions that shape how freight is planned, procured, executed and managed, with customers including Sun Pharma, Honda, Castrol, Godrej, Pernod Ricard, Berger Paints, Perfetti Van Melle and Orient Electric among others.

Fleetx.ai has evolved from a fleet visibility platform into an AI-native fleet and logistics technology company, helping enterprises digitize and automate physical operations. The company works with some of India’s largest enterprises, including UltraTech, Adani, AM/NS India, MP Birla Group, Maersk, Unilever and Mondelez.

With the acquisition of Pando.ai, the two businesses now create a broader transportation technology stack spanning fleet-to-freight, connecting what happens inside the enterprise with what happens across the physical transportation network. For enterprises, this creates an opportunity to access a unified, AI-native platform spanning the entire journey from fleet visibility to freight execution, with AI agents working across the stack to replace the disconnected systems that have long defined physical operations.

Pando.ai will continue to operate as a distinct brand, with its existing leadership team continuing to lead the business. The combined business will also invest further in Pando.ai’s products and AI capabilities, building on the platform, customer relationships and expertise developed over the years.

Both businesses share a belief that some of the world’s most consequential transportation technology can be built from India and serve customers globally. The combination creates greater scope to accelerate this ambition, bringing together the scale, capabilities and resources to build for the next phase of transportation technology.

“Our customers have trusted us over the years to help manage some of their most complex transportation operations, and that trust is at the center of how we think about this next step,” said Badri Setlur, CEO, Pando.ai. “Fleetx.ai and Pando.ai have built complementary strengths across different parts of transportation, and bringing those capabilities together gives us a much broader canvas to build on what we’ve created at Pando.ai. It also gives us the opportunity to invest faster in the AI capabilities our customers are asking for, while continuing to build a world-class transportation technology business from India for customers globally.”

Commenting on the acquisition, Vineet Sharma, Co-Founder & CEO, Fleetx.ai, said, “Bringing Pando.ai into the Fleetx.ai fold creates a unified, end-to-end stack for fleet and logistics, powered by AI agents. To Pando.ai's existing and future customers, this means a continued and even stronger experience, backed by high-quality products and world-class support. We're equally excited to work closely with Pando.ai's leadership team and build on the deep expertise they bring.”

For an industry that has traditionally treated fleet and freight as separate technology problems, bringing the two together is a meaningful step forward. With the combined business preparing for a potential public listing in the coming years, Pando.ai and Fleetx.ai now have the opportunity to build across that divide at scale - from the decisions made inside the enterprise to what happens on the road.

The next chapter starts here.

About Pando.ai

Pando.ai is a leading AI-powered Transportation Management System (TMS) company, helping manufacturers, distributors, and retailers manage the full freight lifecycle: from procurement and planning to audit and payments. Recognized as a Visionary in the Gartner® Magic Quadrant™ for Transportation Management Systems for two consecutive years, Pando sits at the core of some of the most complex supply chains in the world where speed, accountability, and resilience are non-negotiable. Pando’s enterprise customer base includes marquee brands such as Sun Pharma, Honda, Castrol, Godrej, Pernod Ricard, Berger Paints, Perfetti Van Melle, Orient Electric, among others. For more information, please visit www.pando.ai.

About Fleetx.ai

Founded in 2017 and headquartered in Gurugram, Fleetx.ai is a leading AI-native fleet and logistics optimization platform built to modernize physical operations for businesses. By bringing together IoT, telematics, and AI into one platform, Fleetx.ai helps organizations digitize fleet operations, improve safety, and cut operating costs, spanning fleet management, fuel monitoring, video-based driver safety, transport ERP, and transportation management systems. The platform today serves over 2,000 mid-market and enterprise customers across India, including UltraTech, Adani, Maersk, Unilever, Shree Cement, MP Birla Group, NDDB, DP World, Mondelez, etc. For more information, please visit www.fleetx.ai.