Element Fleet Management Corp. (EFN)

Overview

Element Fleet Management Corp. stands as a principal fleet management enterprise, primarily operating within Canada, Mexico, Australia, and New Zealand. With its inception in 2007 and headquartered in Toronto, Canada, the company serves a diverse clientele across various sectors, including construction, energy, oil and gas, food and beverages, healthcare, services, and transport. Its comprehensive service portfolio encompasses end-to-end solutions for fleet cars, trucks, material handling support equipment, and electric vehicle fleets. Element Fleet Management Corp. not only specializes in fleet planning and charging infrastructure solutions but also offers a wide array of financial services, vehicle management, and fleet optimization solutions.

Products and Services

• Commercial Fleet Financing

  This encompasses operating and capital lease options, sale and leaseback funding, loans, rental fleet financing, and a client-owned acquisition program. The service also includes fair market value lease options for cars, trucks, and equipment, catering to the diverse financial needs and strategies of businesses.

• Vehicle Licensing and Registration Services

  Offering comprehensive administrative support, these services cover renewal, fleet title management, and insurance card management, ensuring compliance and easing the bureaucratic burden on fleet managers.

• Collision Management Services

  With a focus on minimizing downtime and costs associated with vehicle repairs, these services include 24/7 driver assistance, collision evaluation, repair management, and subrogation, safeguarding the fleet's efficiency and reducing administrative hassle for businesses.

• Fleet Management Outsourcing Solutions

  This offering is tailored for businesses looking to outsource their fleet management operations, covering all aspects from vehicle procurement to maintenance, thus enabling organizations to focus on their core activities while ensuring their fleet is managed efficiently.

• Fuel, Maintenance, and Safety Solutions

  Element provides services aimed at optimizing fuel consumption, regular and preventive maintenance schedules, and implementing safety protocols, all designed to maximize the efficiency and sustainability of the fleet.

• Telematics and Fleet Connectivity Solutions

  Leveraging modern technology, these services offer real-time tracking, diagnostics, and fleet analytics, aiding in data-driven decision-making and enhancing the operational efficiency of the fleet.

• Toll and Violation Management

  This service seeks to alleviate the administrative burden associated with toll charges and traffic violations, ensuring that such instances are managed efficiently and effectively, reducing unnecessary expenses and legal complications.

• Fleet Remarketing, Sale Leaseback, and Strategic Fleet Management Consulting Services

  Offering a comprehensive suite of services aimed at optimizing the lifecycle value of fleet assets, these services help businesses in the sale or leaseback of fleet vehicles, and provide strategic consulting to improve fleet management practices and policies.