* The combo offer includes DashCam and AI-enabled Advanced Video Telematics along with a 3-year warranty, a 3-year subscription to the LocoNav ADAS platform, live streaming, and data storage of incident videos
* The India bundle is even more power-packed with dashcam + 3 year subscription to LocoNav ADAS platform, 3 years of mobile data, live streaming and data storage of incident videos
Affordable prices: up to 30-40% less than prevailing market prices
* With this launch, LocoNav, the world’s fastest-growing fleet tech company, strengthens its international presence in 30+ countries and solidifies its vision of democratizing access to fleet tech for millions of fleet owners and drivers in emerging and high-growth markets
* Introduces AI-enabled Advanced Video Telematics to bring about a radical change in the fleet management ecosystem and improve business efficiency and driver road safety
LocoNav, a disruptive full-stack fleet-tech startup, today democratized access for over 250Mn commercial vehicles to the ‘future of telematics’ in India and other emerging markets - a combo offering of AI-enabled Advanced Video Telematics and DashCam at affordable prices, up to 30-40% less than prevailing market prices. The combo offer includes DashCam and Advanced Video Telematics along with a 3-year warranty, a 3-year subscription to the LocoNav ADAS platform, 3 years worth of mobile data at 1GB a day, live streaming, and data storage for incident videos. In India, LocoNav is also adding mobile data into the combo wherein customers can get upto 1GB a day for 3 years. The starting price for this combo in India is INR 44,999. Fleet Owners and operators can book a demo on LocoNav.com to learn more about the combo that works best for their business.
With this launch, LocoNav also marks its entry into high-growth emerging markets like South Africa, Australia, and Malaysia, expanding its international presence to 30+ countries. The company’s aggressive growth strategy is in line with its vision of democratizing access to expensive yet essential fleet technology for millions of fleet owners and drivers.
With over 5Mn vehicles served, LocoNav has been growing aggressively empowering fleet owners and drivers with technology that enables efficient business operations. Now with Video Telematics, LocoNav aims to bring about a radical change in emerging markets where no more than 30% of the 250Mn commercial vehicles use any form of fleet management tech. The reason being expensive technology. With limited or no access to affordable and efficient technology, fleet owners and drivers resort to using rudimentary technology leading to business losses and road accidents endangering driver lives. As per the Ministry of Road Transport and Highways, Indian roads witness 415 deaths per day in accidents, the highest in the world. About 1.5 lakh people are being killed in road accidents and 3.5 lakh are crippled annually. LocoNav aims to unleash the power of AI-enabled Video Telematics coupled with a world-class DashCam to solve this.
Advanced Video Telematics has the capability to truly prevent accidents, save lives and bring efficiency to fleet management businesses by offering data-backed evidence in light of any insurance claims occurring from adverse incidents while the commercial vehicle is on the road. It also encourages better driving behaviour and alertness.
Speaking on the launch and expansion, Co-Founders - Shridhar Gupta and Vidit Jain, said, “We believe that a commercial vehicle is the atom of LocoNav. By leveraging the power of IoT and AI, we centre all our efforts around this atom so that we can give the world a global, scalable, and disruptive solution that will have an incremental positive impact on the lives and livelihoods of everyone in the industry. This has been our driving force since we started operations. Today, we serve over 5 million vehicles worldwide with LocoNav’s products and services. By introducing AI-enabled Advanced Video Telematics, which we believe is the future of fleet telematics, we want to empower fleet owners in developing nations with access to premium fleet-management technology at reasonable prices. This in turn has the potential to benefit the larger logistics and supply chain ecosystems, and positively impact climate sustainability. We will continue to identify and disrupt key markets with high-growth potential and a significant number of commercial vehicles as we scale across the globe.”
LocoNav’s Advanced Driver Assistance System (ADAS) uses AI-powered sensors to warn the driver in real-time of any possible forward collision or lane drifting. This system also offers live video streaming through a dual-channel dashboard camera that faces both the driver and the road. Smart alerts give the fleet operator immediate notification of dangerous events like harsh braking, speeding, distracted driving or sharp vehicle turning. Fleet operators and owners can then use this real-world footage to coach drivers toward better driving behaviour and enhance overall fleet safety. What’s more, incident videos are also available for a significant period on the LocoNav platform for use in case of evidence for any liability claims in case of adverse incidents.
Founded in 2016, LocoNav is a full-stack fleet software company focused on democratizing access to fleet technology for drivers and fleet owners in emerging and high-growth markets around the world. With a presence in over 30 countries across the globe, LocoNav is a one-stop fleet-tech solutions platform. Backed by AI and IoT-led innovative offerings, LocoNav empowers fleet owners and operators to achieve operational efficiencies and cost-savings, along with driver and vehicle safety. LocoNav’s products and services include Fleet Management Solutions like LocoDrive - a virtual driver control center with advanced solutions to keep fleet owners in sync with their drivers, LocoADAS - advanced video telematics & driver safety solution, LocoPay - an easy toll and prepaid cards payment solutions to eliminate the need for petty-cash management, and LocoRTO - a one-stop destination that helps in compliance management & other solutions. LocoNav has recently raised $37M in a Series B round from Quiet Capital, Anthemis Group, Sequoia Capital India, Fundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global, and other leading investors.