eRoad is a New Zealand-headquartered fleet telematics, compliance and electronic road user charging (RUC) software company that serves commercial vehicle fleets across New Zealand, Australia and North America. Founded in 2000 by infrastructure economist Brian Michie, the company commercialised the world's first nationwide GNSS-based electronic road user charging system in New Zealand in 2009 and subsequently expanded into broader fleet management, ELD compliance, driver safety and tolling solutions. eRoad listed on the NZX in August 2014 (NZX:ERD), dual-listed on the ASX in September 2020 (ASX:ERD), and acquired Auckland-based competitor Coretex in December 2021 to accelerate growth in North America. After a multi-year takeover process that began with a stake-build by Constellation Software's Volaris Group in 2023, eRoad was taken private via a scheme of arrangement in late 2024 and delisted from both the NZX and ASX. The company continues to operate as a Volaris Group business with more than 100,000 connected vehicles globally.
eRoad Software is publicly traded
IPO'd on August 15, 2014
This company is no longer available on our private secondary market. Shares can be traded publicly under ERD.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2000
Employees
501–1,000
Total Funding
$160M
3 rounds
Total raised $160M across 3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
PIPE / Public Equity Raise
Date
September 29, 2023
Amount
NZ$50 million
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 29, 2023 | PIPE / Public Equity Raise | NZ$50 million | — | Canaccord Genuity, Forsyth Barr |
| August 2021 | PIPE / Public Equity Raise (Coretex acquisition financing) | NZ$70 million (approx., to part-fund Coretex acquisition) | — | |
| August 15, 2014 | IPO | NZ$40 million (gross NZ$46M including selldown) | — |
Mark Heine
Co-Chief Executive Officer
David Kenneson
Co-Chief Executive Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Samsara
US-listed (NYSE:IOT) connected operations cloud for fleet telematics, video-based safety, equipment monitoring and sensors; direct competitor in North American fleet management.
Geotab
Canadian privately held fleet telematics platform; market leader by active subscribers in North America with multi-make vehicle data normalisation.
Verizon Connect
Fleet telematics and field service management division of Verizon Communications (NYSE:VZ); strong in route optimisation and ERP integrations.
Motive (KeepTruckin)
US-based AI-powered integrated operations platform for physical operations, with ELD, fleet management, dashcams and spend management; direct competitor in North American trucking telematics.
Trimble Transportation
Transportation technology division of Trimble Inc. (NASDAQ:TRMB) providing telematics, TMS and routing software for trucking fleets.
Platform Science
San Diego-based connected vehicle and fleet operations platform partnering with OEMs; competes in enterprise trucking telematics.
Yes, eRoad Software is publicly traded under the ticker symbol ERD on the NZX. The company went public in August 15, 2014.
eRoad Software trades under the ticker symbol ERD on the NZX. It began trading in August 15, 2014.
eRoad Software (ERD on the NZX) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker ERD to place an order.
eRoad Software went public in August 15, 2014 via ipo. eRoad was acquired and taken private in 2024 by Volaris Group, an operating group of Toronto-listed Constellation Software Inc., via a scheme of arrangement at NZ$1.30 per share in cash. The company was subsequently delisted from both the NZX (NZSX:ERD) and the ASX (ASX:ERD), ending a decade on public markets. Future exit prospects are tied to Constellation Software's permanent-hold model, which historically does not divest operating businesses.
eRoad Software raised $160M across 3 disclosed funding rounds prior to its public listing.
eRoad Software is headquartered in Auckland, New Zealand.
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