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Lightfoot to drive fleet market growth with £3.2m investment

Lightfoot has received £3.2m from investment firm BGF to bring its connected car technology to more fleet businesses as it also welcomes the former CEO of Dyson as a non-executive chairman.

L-R: Ned Dorbin (BGF Investor and new Lightfoot board member), Martin McCourt (investor and new Lightfoot non-executive Chairman), Mark Roberts (Lightfoot founder and CEO), Edwin Davies (BGF Investor)

Launched in 2013 by entrepreneur Mark Roberts, the firm’s driver behaviour technology – described as the ‘Fitbit for cars’ – incentivises fleet, and now private motorists, to adopt smoother driving styles. This is backed a system of prizes, discounts and rewards that has even seen winners meet and race against F1 world champion Nigel Mansell.

The business, which already has plans to expand globally and target consumers, will use the BGF investment to drive its plans further. Lightfoot said BGF’s funding will be used to drive growth in its fleet business, its expansion into the consumer market and its continued recruitment programme across the business.

In addition, the business is welcoming Ned Dorbin, BGF investor to the board.

CEO Mark Roberts said: “We want everyone to enjoy the amazing benefits that smoother driving can have on their wallets and our planet.

We believe that now is the right time to accelerate our expansion by bringing on board more people and increasing our engineering and sales capacity. We’re delighted to be embarking on this new stage with Martin and with the support and funding from BGF as our new minority partner.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.