Chicago-based tech company Fueloyal Inc. has revealed a new IoT and connected vehicle platform, which is specifically designed for automobile manufacturers as well as other corporations who are looking to enhance operational efficiency.

Fueloyal’s newly launched solution will not only help in reducing costs but also allow enterprises to generate revenue from mobility services, cited sources close to the company. This will help corporations to add significant value to the business and their relevant services.

It is worth mentioning that vehicle OEMs and corporations make significant investments in R&D expenses, maintenance costs, and warranty expenses, further decreasing their ability to generate profit. This had compelled Fueloyal to develop an IoT as well as a connected vehicle platform that enables automakers to not only improve the operational efficiency.

Moreover, the company claims that the newly introduced technology will assist different businesses while developing applications that can reach several devices, vehicles, and users.

Fueloyal’s new IoT and connected technology is a 10-module platform that allows vehicle OEMs to install custom connected vehicle solutions in less than 90 days and at minimal costs, sources claimed. This technology can be integrated into EV services, MaaS, IoT gateways, camera telematics, and fleet management.

Sources confirmed that the new technology will also allow companies to avoid hiring costs or deploy huge financial budgets. The Vendor & Part assessment modules can help enterprises to directly reduce the production costs, while the Market place module will offer significant sales as well as after-sales revenue, further boosting a specific company’s growth.

Fueloyal is currently focusing on helping automobile OEMs and corporations to improve their business efficiency. Furthermore, the company claims that the new technology will also grant companies the ability to launch their own branded telematics and connectivity platform in relatively less time.

Source Credits –

http://www.globenewswire.com/news-release/2021/02/08/2171002/0/en/Chicago-Connected-Vehicle-Platform-Automotive-IoT-Solution-Technology-Launched.html