Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in the logistics industry. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. So, let’s take a look at promising IoT solutions for fleet management.
Heat Map: 5 Top IoT Startups
For our 5 picks of IoT startups, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 680 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
SilentSensors – Intelligent Tires
Intelligent tires analyze and monitor the temperature, pressure, and current technical state of a vehicle’s tires in real-time. This data is then displayed on the operator’s or driver’s dashboard for anticipating breakdowns and prolonging tire usage. For example, UK startup SilentSensors manufactures sensors which can be added to any tire for measuring and monitoring a vehicle’s performance and transmitting this data to an integrated cloud-based platform.
KeepTruckin – Electronic Logging Device (ELD)
ELD is a device required by law to track the number of hours drivers spent on duty. Due to the ELD mandate, startups introduce platforms which integrate the required feature of tracking working hours and adding other benefits such as vehicle inspections and fuel tax reporting. US-based startup KeepTruckin, for instance, produces certified ELDs. It tracks all vehicle data and prepares DOT audits, prevents legal violations, and stays compliant in remote locations.
GoBolt – Vehicle Planning Software
Data analytics and IoT startups offer smart vehicle solutions regarding route optimization and planning as well as optimization for vehicle load. For example, Indian startup GoBolt enables the auto-allocation process including the asset optimization and minimization of dry runs. Their device makes decisions on the basis of gathered data such as routes, vehicle availability, delivery planning, and reduction of transit timing.
Asset Trackr – GEO-Fencing Device
IoT-based GEO-fencing means that GPS tracking devices receive alerts if a driver deviates from the road, calculates the speed acceleration, distance and number of runs, fuel usage, and overall costs automatically. This data can be displayed on the dashboard for instant and further analysis of the fleet management. India-based Asset Trackr offers a cloud-based solution that tracks, analyzes, and optimizes the operations of commercial vehicles. This includes location monitoring, fuel consumption, and alerts about delays with the support of a smart GPS tracking device.
Vnomics – Fuel Analytics & Optimization IoT
Fuel analytics are essential for fleet managers to get detailed reports about fuel consumption, analyze a driver’s manner, and reduce costs for fuel. The US-based startups Vnomics develops True Fuel, a comprehensive device, which analyzes fuel consumption. It goes into further detail by measuring waste and the exact fuel usage and coaches drivers in real-time on proper fuel management.
What About The Other 675 IoT 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 5 IoT startups showcased above are promising examples out of 680 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.