UFOFLEET Acquires FleetMaster from Cox Automotive

May 13, 2026
UFOFLEET, part of UFODRIVE Group, has acquired FleetMaster from Cox Automotive to expand its intelligent fleet and mobility platform across global markets.

UFOFLEET, part of UFODRIVE Group, has acquired FleetMaster from Cox Automotive, the global automotive services and technology provider, announced in a press release. The acquisition aims to expand UFOFLEET's intelligent enterprise platform for mobility and fleet management into new markets across Europe, the Americas, and Asia Pacific.

FleetMaster, founded in 2011, offers cloud based software for rental, leasing, and dealer operations. Under the new ownership, UFOFLEET plans to integrate its intelligent infrastructure into FleetMaster’s platform, enhancing services for existing customers and reaching additional industry sectors.

UFOFLEET, launched in October 2023, serves over one million users in 18 countries. Its platform supports fleet and mobility companies in managing assets and contracts across leasing, rental, and logistics operations. The company’s investors include Hertz, BNP Paribas, and the European Investment Fund.

Cox Automotive Europe said the sale builds on FleetMaster’s success and supports continued innovation through UFOFLEET’s technology and scale.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Enterprise AI Brief, AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

AI Token Webinar

Whitepaper

Tensordyne Napier: What If One Rack Could Do the Work of Nine?

Tensordyne

This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.