Belgium-headquartered Wabco Holdings has acquired Bangalore-based telematics startup AssetTrackr to expand its global fleet management solutions business to India. The transaction is expected to close by the fourth quarter 2017. Details of the transaction were not revealed. Founded in 2013, AssetTrackr utilizes cloud-based fleet management software and telematics hardware, which enables fleet operators to connect vehicles, drivers, and cargo and to monitor relevant data. AssetTrackr systems capture vehicle departure and arrival times, detect unauthorized stoppages or route deviations, optimize delivery routes, minimize delays, and monitor driving behavior. With the acquisition, Wabco will link its Vehicle Tracking System (VTS), a dedicated fleet management solution for India launched in September 2015, with AssetTrackr’s portfolio. This will create products for India’s commercial vehicle OEMs and fleet operators. Vehicle tracking space In India, vehicle tracking space has players such as IoT startup Trak N Tell, which recently said that its GPS-based car tracker device is in more than 20,000 vehicles across the country. The Gurgaon-based company enables car owners and fleet owners to track their vehicles using their smartphones. Other players like MapMyIndia offers plug and play device called DriveMate that connects to cars via the OBD (on-board diagnostics) port. Reliance Jio also unveiled its ‘Jio Car Connect’ device in partnership with US-based AirWire. Automobile manufacturing companies like Honda and Mahindra had earlier unveiled their own ‘Connected Cars’ platform for vehicle tracking, engine health monitoring, and trip details. However, these devices will work only with the manufacturer’s vehicles. Other players in the segment are…
- Here are some specs of the time servers the Indian government wants companies to sync their clocks to: RTI December 6, 2022
- RBI Disallows Securitising Loans With Less Than 365-Days Residual Maturity December 6, 2022
- Indian govt may hold social media firms accountable for algorithms under ‘Digital India Act’ December 6, 2022
- Event Announcement: Reworking The Data Protection Bill, Bangalore, 14th Dec #Ad December 6, 2022
- DPDP Bill 2022: A Balance of opportunities and data protection objectives December 6, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...