Why Is Element Fleet Management Investing in Car IQ?
Update: 2025-12-03
Description
Element Fleet Management acquired Car IQ to integrate vehicle payment technology that enables automated, secure payments for services like fuel, tolls, and maintenance. The acquisition aims to streamline expense management for commercial fleets, reduce administrative tasks, and enhance transaction security through vehicle-centric authentication. The move accelerates digital transformation in the fleet management industry and expands Element's digital payment solutions for business clients.
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