# Fleetx.ai acquires TMS provider Pando.ai — retained record

> Retained news record from news:india-entrackr.

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source: [news](https://highsignal.app/data/news) (news:india-entrackr)  published 2026-08-20 11:08 ingested 2026-08-21 06:38

[original source ↗](https://entrackr.com/snippets/fleetxai-acquires-tms-provider-pandoai-12399265)

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Fleetx.ai, an AI-native fleet and logistics technology company, has acquired Transportation Management System (TMS) providerPando.ai for an undisclosed amount.
The acquisition will give customers access to a unified platform covering fleet visibility and freight execution, with AI capabilities across the stack.
Pando.ai works with enterprises across sectors, including Sun Pharma, Honda, Castrol, Godrej, Pernod Ricard, Berger Paints, Perfetti Van Melle and Orient Electric.
Following the acquisition,Pando.ai will continue to operate as a distinct brand with its existing product and company identity.Fleetx.ai will build onPando.ai’s platform by adding its AI capabilities and expanding the combined offering.
Fleetx.ai has been operating for the past nine years and works with companies across logistics, construction, energy, retail and manufacturing. Its customers include UltraTech, Adani, AM/NS India, MP Birla Group, Maersk, Unilever and Mondelez.
Pando.ai’s entire leadership team has joinedFleetx.ai and will continue to lead thePando.ai business.Fleetx.ai will also invest inPando.ai’s products and AI capabilities.
Following the acquisition, the combined entity plans to prepare for a public listing over the next 18-24 months. The company is targeting a combined revenue of Rs 300-400 crore on a profitable basis by the time of the listing.
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