Bengaluru-based
transportation SaaS leader plans listing on BSE SME / NSE EMERGE platform to
fuel product innovation, deepen enterprise partnerships, and expand
internationally.
Bengaluru
Feb 18 : MTAP Technologies Pvt. Ltd., a leading provider of
cloud-native SaaS solutions transforming transportation management and fleet
automation, today announced its intention to launch an SME Initial Public
Offering (IPO) on the BSE SME / NSE EMERGE platform. This strategic capital
raise is designed to fuel innovation, enhance market reach, and accelerate
customer growth across key segments.
Founded
in 2015, MTAP has leveraged GPS, cloud, and IoT technologies to help
organisations digitise transport operations, enabling safer, more efficient,
and data-driven journeys for enterprises, schools, and fleet operators. Today,
the company supports more than 200 enterprise customers, tens of thousands of
vehicles, and hundreds of thousands of users across India and international
markets.
As
a pioneer in connected transport automation software, MTAP Technologies has
built a robust portfolio of products serving a wide range of customer needs:
Safetrax
– A comprehensive employee transport automation platform that streamlines
scheduling, real-time tracking, billing, analytics, and compliance for
corporate mobility operations. Safetrax remains the company’s flagship product
and primary growth driver.
Autologix
– A powerful dispatch and management suite for cab operators and corporate
travel teams, supporting bookings, billing, driver management, and on-demand
travel workflows. Autologix has achieved strong product–market fit with some of
the largest fleet operators in the country and is positioned for rapid national
scale.
VehicleTrax
– An AI-powered fleet management platform with intelligent agents that automate
GPS tracking, video telematics, driver behaviour monitoring, maintenance,
safety, and compliance. VehicleTrax has secured multiple large enterprise clients
within months of launch, demonstrating significant growth potential.
Srinivas
Chitturi, CEO, MTAP Technologies, said:
“MTAP’s IPO is a significant milestone in our mission to make
transportation management smarter, safer, and more automated through advanced
AI and intelligent automation. With strong adoption across key verticals,
AI-powered platforms, and a rapidly growing SaaS revenue base, we are
well-positioned to accelerate our next phase of innovation-led growth. This
capital raise will strengthen our investment in next-generation AI
capabilities, intelligent agents, prescriptive analytics, and continuous
product enhancements across our platforms. It will also help us deepen
enterprise relationships, expand into new global markets, and continue building
scalable, AI-driven mobility technology solutions for the future.”
This
IPO offers investors the opportunity to participate in the growth story of a
proven technology innovator that is central to the digitisation of fleet and
mobility operations in an increasingly connected world. With a decade of
innovation behind it and a clear roadmap ahead, MTAP Technologies is poised to
redefine the future of transportation management on a global stage.
About
MTAP Technologies – MTAP Technologies Pvt. Ltd. is a
Bengaluru-based SaaS company specialising in cloud-native, sensor-based
solutions for transportation management and fleet automation. Founded in 2015,
MTAP serves enterprises, educational institutions, and fleet operators through
its flagship products — Safetrax, Autologix, and VehicleTrax, with a mission to
make mobility operations smarter, safer, and more efficient through GPS, IoT,
AI, and cloud technologies. With a growing international footprint and a proven
track record of optimising transport operations at scale, MTAP is built for the
next phase of global growth.
Media
Contact
Nishant
Kumar, Head of Marketing
Email:
nishant.kumar@mtap.in
Website:
https://www.mtap.in/
