Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the automotive sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 4 promising Internet of Vehicles (IoV) startups.
Heat Map: 4 Top Internet of Vehicles Startups
For our 4 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 31 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
Car Rental Gateway – Mobility-as-a-Service
A major challenge for car rental vehicles is to manage a large fleet of cars to ensure that cars aren’t out of service for maintenance or lack of customers for long. Internet of Vehicles sensors transmit vehicular information in real-time and make maintenance easier. They also save costs by reducing the need for manual operations and make the overall experience smoother for the customer.
Car Rental Gateway is a UK-based startup that offers a Software-as-a-Service (SaaS) platform to turn regular car rental services to Mobility-as-a-Service (MaaS) businesses. These applications IoV-enabled and connect vehicles with smartphones to track vehicular information. Their solution uses the OpenTravel Alliance to exchange data and scales to meet the particular needs of the client and the market.
TudingBus – Intelligent Matching
There is a huge market for bus services that do not ply on standard times or routes. These include student trips, corporate retreats, or emergencies. IoT based solutions enable vehicle suppliers to improve their efficiency, expand their services, and serve unique travel requirements
TudingBus is a French platform for booking vehicles for occasional purposes. It uses a data-based Internet of Vehicles approach to dispatch vehicle services that match the clients’ needs. The vehicle suppliers benefit from a secure transaction system and a comprehensive big data report that facilitates their strategic decisions.
Y.Share – Fleet Management
Due to inefficiencies in fleet management, more vehicles are out on the roads longer, covering distances that do not bring any income. The Internet of Vehicles maximizes operational efficiency and the profitability of the vehicles. As a consequence, it also minimizes traffic congestion and vehicular pollution.
The Italian startup Y.Share offers a fleet management solution for passenger transportation and heavy-duty vehicles. They develop a set of universal hardware modules that gather data and connect all vehicles in a fleet to their IoV system. Their product, Driving Style Tool, uses a patented algorithm to track drivers, digitize their operations, and send them alerts in real-time.
Blockcloud – Vehicle Safety
Road accidents take millions of lives annually. IoV based solutions aim to minimize the number of accidents by equipping vehicles with technologies such as collision prevention alerts and emergency braking systems. Moreover, the vehicles’ sensors transmit information to the concerned authorities in case of an accident or breakdown.
The China-based startup Blockcloud provides blockchain-based solutions for the IoV. Their solutions process data and feedback at the nearest edge node to reduce network delay. They transmit real-time reports on traffic accidents, hit-and-runs, and breakdown vehicles. It enhances the efficiency of accident handling.
What About The Other 27 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 Internet of Vehicles startups showcased above are promising examples out of 31 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.