Zoomcar said that it is working with leading electric two- and three-wheelers manufacturers to power their overall ecosystem for connectivity, Internet of things (IoT), and support their subscription businesses through Zoomcar Mobility Services.
Greg Moran, CEO, and Co-Founder Zoomcar says electric two & three-wheelers will see exponential growth
Zoomcar Mobility Services (ZMS), the technology arm of the Bengaluru-based self-driving rental car platform, aims to empower nearly one lakh electric vehicles in India within the next one year. ZMS, which was launched in June 2020, is known to provide an array of software-based platform services across the entire spectrum of vehicle categories. Speaking exclusively to carandbike, Greg Moran, CEO, and Co-Founder Zoomcar said that they are working with leading two- and three-wheelers electric vehicle manufacturers to power their overall ecosystems offering connectivity solutions, Internet of things (IoT) and support their subscription businesses.
Going into the details, Moran said, “With respect to the 1 lakh EVs, and just to clarify this is not Zoomcar’s fleet, it’s from the broader Zoomcar technology platform ZMS – Zoomcar Mobility Services, this is our enterprise SaaS brand and so it’s our enterprise offering. We are working with leading electric three-wheeler manufacturers as well as electric two-wheeler players, where we are powering their overall ecosystems for connectivity, to helping them meet their vehicle connectivity on the IoT side as well as working directly to help able and support their subscription businesses.”
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What ZMS is providing to the EV makers is access to its state-of-the-art, proprietary tech stack which focuses on reducing operating costs, enhancing safety, increasing vehicle monetisation, and improving customer engagement. ZMS comprises two primary software offerings: IoT as a service combined with subscription as a service. One of the major services of the technology is the company’s proprietary driver scoring mechanism, an AI-Powered algorithm with machine learning capabilities that tracks the real-time driving behaviour of the customer along with the present health of the vehicle.
Zoomcar says that at an aggregate level, ZMS consistently observes monthly operating cost savings of 25-30 per cent on account of the driver scoring system and associated behavioural modification mechanisms. Electric 3-wheeler manufacture, ETO Motors, is currently one of the companies that using the services of ZMS, and the company is in talks with more such players. On the two-wheeler side, the company working with similar leading manufactures for their subscription and their additional service model.
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Zoomcar CEO, Greg Moran says that with regards to electric two- and three-wheelers, the EV ecosystem in India is in a very good space right now. He believes that this segment is effectively at cost parity considering the support from the central and state governments, in the form of the FAME II programme, and other state-level policies and is likely to see exponential growth. He further adds, “Coming out of COVID, I think there has been a big push towards eco-friendly transportation so I think that’s helping provide a strong tailwind to a lot of these two-wheeler and three-wheeler players to go electric and we want to be a part of that as the technology enabler, who are leading technology services.”
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