The automotive sector has always been at the forefront of technology and automation. What’s particularly exciting is the emergence of startups that are enhancing the buyer experience through digital innovations. These range from new entrants in electric vehicle manufacturing to companies offering software solutions that simplify sustainable transportation needs.
Intangles
Intangles leverages Digital Twin Technology to enhance vehicle and asset performance. Their device, Ingenious, easily connects to vehicles or assets via an on-board diagnostic port, eliminating the need for external adjustments. By analyzing data from the ECU with proprietary algorithms, they provide insights into the engine, after-treatment, brake management, battery and alternator, and air intake systems. Their services are designed to predict and prevent malfunctions, saving time and maintenance costs. They offer real-time updates on fuel and DEF levels, consumption, and shrinkage, alongside fuel economy trends. The system simplifies driver monitoring, promoting efficient and safe driving practices.
Revfin Services
Revfin, an innovative digital lending platform, is transforming sustainable mobility and promoting financial inclusion, particularly in India’s Tier 2 and Tier 3 cities. By using Biometrics, Psychometrics, and Gamification, Revfin issues loans based on non-traditional data sources through its NBFC. Since 2018, it has financed around 50,000 vehicles, from E3Ws to various electric vehicles, batteries, and charging stations, partnering with over 50 OEMs. Additionally, Revfin’s ventures into electric vehicle leasing and robust IoT-enabled vehicle tracking empower drivers to optimize earnings, significantly contributing to the ecommerce and fleet management sectors, and bridging the digital divide in underserved regions.
LightMetrics
LightMetrics offers an AI-based platform for real-time driver coaching and associated driver safety analytics to enterprises in the automotive ecosystem. Their partners use cross-platform device software and rich REST APIs to create differentiated driver safety offerings, without relying on dedicated hardware. Marquee clients, including Tier-1s and Telematics Service Providers, use their solutions to enhance safety for thousands of drivers daily.
Inspektlabs
Inspektlabs, a Techstars and Barclays-backed B2B SaaS platform, focuses on automating inspections of physical assets using photos and videos. Currently, the company specializes in automating car inspections for motor insurance and automotive players. In the past year, Inspektlabs has raised its pre-series A funding and processed over 250,000 car inspections for major enterprises in the US, Japan, and India. Headquartered in Delaware, USA, Inspektlabs employs a mobile-first philosophy through AI/ML, significantly reducing the time and cost of inspections.
TeSys India
TeSys India designs and manufactures a range of specialized testing machines, including Vehicle Chassis Dynamometers, Powertrain Testers, E-Motor Test Benches, NVH Dynamometers, Functional Leak Testing Machines for Batteries, and Leak Test Machines for production line Automatic Transmission and Production Assembly Machines.
LohumCleantech
LohumCleantech designs and manufactures Lithium-ion batteries, re-manufactures and re-purposes used battery packs, and recycles geostrategic battery materials such as Lithium, Cobalt, and Graphite. Their goal is to create technology that makes battery power sources cheaper and longer-lasting worldwide. They offer battery packs for two-wheelers, three-wheelers, and customized applications, as well as materials recovered from recycling old lithium-ion cells. Their products serve markets for 2-wheeler and 3-wheeler batteries, as well as customized battery packs for various storage and mobility applications.
These innovative startups are not only transforming the automotive industry but are also paving the way for a more efficient and sustainable future. By leveraging cutting-edge technologies, they are addressing longstanding challenges and providing comprehensive solutions that cater to the evolving needs of consumers and enterprises alike. As they continue to grow and innovate, these companies are poised to play a crucial role in shaping the future of transportation and mobility.