Bangalore & San Francisco-based Zendrive has raised $13.5 million in a Series A round of funding led by Sherpa Capital, reports WSJ. With this investment, co-founder of Sherpa Capital Shervin Pishevar will join the company’s board. We're psyched to have you and @sherpa on our side! https://t.co/3uGHPIg5bL — Zendrive (@zendrive) February 4, 2016 Zendrive offers a software development kit (SDK) to vehicle fleets to gather data on driver efficiency. It rates driver performance on various metrics like aggressive braking, vehicle control, turning skills, focus etc. It also provides an automatic collision detection facility that lets developers call local emergency services automatically and a coaching feature to provide drivers with actionable insights and personal goals. As of now the company is working on providing better insurance policies through data analytics. The WSJ report mentions that Zendrive recently also hired a VP of insurance to explore opportunities in the insurance industry. Currently, the platform provides its SDK for free for 1-4 drivers, charges $4 per month for 5-99 drivers and a custom amount for over 100 drivers. MediaNama’s take: Most drivers these days have smartphones, making it a pretty neat idea to tap into its sensors to figure out how well drivers are doing. Not using special hardware makes it easy for agencies to adopt the SDK, however, it also makes the data vulnerable to inherent differences between the smartphones of different make. Overall though, if the data is good enough to point out specific quirks in driver behaviour, it should be…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...