Connected Car News includes Cambridge Mobile Telematics, Payment24, Motorq and Garrett Motion.
Cambridge Mobile Telematics buys TrueMotion
Cambridge Mobile Telematics (CMT), the world’s leading provider of cellular telematics and analysis, has acquired TrueMotion, the second largest provider of cellular telematics. This acquisition, which was completed yesterday, brings together the two leading companies in the rapidly growing wireless communications industry. CMT will now provide telematics services to 21 of the 25 largest auto insurers in the United States and in more than 20 countries including Canada, the United Kingdom, Germany, South Africa, Japan and Australia.
Mobile telematics, which didn’t exist a decade ago, is expected to become a $ 125 billion market in the next five years, driving the next generation of digital auto insurance. CMT’s platform combines sensor fusion, artificial intelligence and behavioral research to enable insurers, ridesharing, fleet operators, automakers and the personal safety industry to accurately measure driving risk, help drivers become safer and provide real-time crash assistance.
Payment24 biometrics for vehicles
The specialist for fuel management and payment solutions Payment24 has brought “Biometrics for the vehicle” onto the market, which recognizes every vehicle registered in the system immediately when it drives into the forecourt, authorizes refueling and automates the payment.
According to Payment24, the new module in its suite of solutions will enable gasoline companies and organizations that operate their own petrol stations to improve service and efficiency and reduce the risk of fraud.
### Motorq funded $ 7 million
Motorq, the Connected Car API company, has closed a Series A financing round of $ 7 million. The round was led by Story Ventures with the participation of existing investors FM Capital and Monta Vista Capital as well as a new strategic investor Avanta Ventures, the investment arm of CSAA, an AAA insurer. The company also unveiled a suite of fleet management intelligence tools designed to help fleet owners and managers cut costs, increase efficiency and improve overall fleet management.
Motorq’s cloud-based system collects and monitors embedded data from a vehicle’s on-board computers, performs advanced analysis and machine learning models, contextualizes the insights with other sets of information, and delivers those insights to customers through application programming interfaces (APIs) and other tools. Data points include vehicle location, charge / fuel consumption, driver behavior, safety warnings, maintenance warnings, certain remote commands and other important information.
The company’s new tools include Pre-Delivery Tracking, Full Vehicle Portal, V3 API Access, Snowflake Data Lake Integration, and many others.
Motorq is initially focused on delivering the platform to the business fleet and dealer markets, where business owners can leverage the data to increase safety, efficiency and profitability. Fleet owners can easily customize analysis and reporting options and also integrate the findings into their own applications and workflows.
In the long term, Motorq envisions a world in which consumers also benefit from a networked vehicle ecosystem of functions, data, information and applications.
The key to Motorq’s goal of creating this global connected vehicle platform is to be successful in signing developer contracts with automakers. Today Motorq is the leading integration platform for global OEMs. Through relationships with seven of the world’s top 10 companies with 21 brands, Motorq is able to quickly and securely connect and provide information from more than 32 million vehicles, a number that is growing every day. Direct access to vehicle data streams from different manufacturers is not only a prerequisite for a scalable platform, but also extremely difficult and time-consuming.
Garrett Motions New Software
Garrett Motion Inc., a leading provider of differentiated technology to the automotive industry, announced that it has launched Hyundai Motor Company (HMC), a new software solution focused on model-based predictive control (MPC).
Garrett’s advanced MPC technology is able to predict the functioning of a system under real-world conditions and optimize it preventively. Reliability. Despite its potential, MPC was rarely used in the automotive industry mainly because of the complexity of its implementation and its computational requirements. However, Garrett has created a solution to address these challenges by providing a complete toolchain that makes the implementation and deployment of the technology much faster and easier, and enables efficient implementation on current and future vehicle platforms. The introduction of Garrett’s embedded MPC for use in HMC passenger cars is another fundamental step in bringing this technology to the global automotive industry for all vehicle types.
Garrett’s launch includes the all-new Hyundai i20 N and is expected to include other vehicle models equipped with HMC’s new 1.6-liter turbo engine. Garrett’s next generation software enables OEMs to optimize vehicle performance and achieve superior fuel efficiency and emissions through predictive optimization of boost control and health management control. It integrates with the existing electronic control unit (ECU) and comes with a calibration tool that enables OEMs to configure and calibrate Garrett’s software for breakthrough results in performance and reduced development effort and cost.