Wednesday, March 27, 2019

Droom's Eco Aims to Certify Over 750k Vehicles in 2019, 15x Jump from 50k Vehicles it Certified Until 2018


Droom, India’s largest and pioneering online automobile transactional marketplace, achieved another milestone on its stellar journey of transforming automobile transactions with its automobile health evaluation tool ECO crosses 50,000+ inspections till date since its inception in March 2016 and aiming to cross 750K inspections in 2019 which is 15x jump. To mark the occasion, Droom also launched a highly innovative, convenient and uniplug-and-play play IoT enabled ECO Smart device that connects with a car’s OBD II port, integrates with the car’s sensors, hardware modules, data transmitters, control units and allows one to track their performance, health, and damage factors. 

ECO is the most scientific, comprehensive as well as unbiased inspection and verification service in the country providing a thorough 121+ point auto inspection for used vehicles. Out of the 50,000 inspection queries, 45% were generated from Delhi-NCR, while the rest came from more than 100 cities across India. In terms of category breakup, 56% and 44% inspections were done for four wheelers and two wheelers respectively. With the launch of the ECO Smart Device, this demand is expected to grow much higher, and at a more robust pace.  The device scans through more than 1000 sensors (checkpoints) to monitor the engine health of any vehicle. At present, Droom is successfully running a pilot of this device in Delhi-NCR and has plans to soon expand its operations across the country.

Commenting on ECO’s success journey and the launch of ECO Smart Device, Sandeep Aggarwal. Founder and CEO, Droom, said, “We are more than overwhelmed by the responses ECO has received and we strive to keep providing our customers with a seamless experience. Reaching the 50,000-orders mark is undoubtedly a reflection of the hard work and dedication put by the entire Droom team. Especially, the credit goes to our certified inspectors without whom we couldn’t have achieved this remarkable milestone.”

“The Internet of Things (IoT) is breaking fresh ground in the automotive sector by introducing entirely new layers to the traditional concept of car servicing. With the ECO Smart Device, we look forward to offering more convenience, transparency and accuracy about the engine health of a car, which is an important factor influencing the customers’ buying decision,” he further added.

With a geographical reach of 150+ cities across the country, Droom’s ECO Inspection Service has over 1400+ certified inspectors on its platform. In just a short span of time, ECO has paved its way to become one of India’s leading doorstep inspection service.

Toyota Kirloskar Motor Takes Giant Strides Towards Achieving Zero Carbon Emission Manufacturing Facility


Guided by Toyota’s ‘Global Environmental Challenge’ 2050 in line with the United Nations Sustainable Development Goals, till January ‘19 [in FY 2018-19] - Toyota Kirloskar Motor (TKM) successfully sourced 87% of electricity from renewable source of energy for its operations in Bidadi facility.

With key focus on its energy challenge, Toyota has been swiftly moving from non-renewable to renewable sources of energy across its business operations, as electricity consumption being one of the major sources of energy in manufacturing sector. TKM has been able to prove its eco commitment with continuous improvements in remarkable green energy sourcing trends year- on-year. Toyota Kirloskar Motor’s vision, philosophy and guidelines are true reflections of its commitment for a sustainable future. Its focused on achieving harmony between its manufacturing activities and the environment based on the concept of 'a plant that optimally utilizes natural resources while operating in harmony with the natural environment, thus working towards one of the national issues of energy security.

Toyota being a leader in the environmental stewardship started its journey towards greening its energy source since 2015-16 and has made substantial step-up over the years. TKM has gradually increased Green Energy Procurement and Investment in renewable energy sector to meet its energy requirements. The company has installed in-house solar power plants at roof tops and ground in its facility at Bidadi, which has a combined capacity of 8.4 MW of electricity. Toyota Kirloskar Motor has explored various possible avenues to increase its renewable energy share including inhouse solar parks, outside solar parks, open access sourcing etc. The renewable energy sourcing has increased from 15% in FY 15-16 to 65% in FY 17-18. The below reference tables showcase TKM’s energy source patterns over the years, towards optimization of renewable power usage at its plant facility:

Coal and other fossil fuels, which have taken three million years to form, are likely to deplete soon. Indian power sector being highly dependent on the coal based thermal power plants is one of the major sources of CO2 emission. For sustainable development, there is an urgent need to adopt energy efficiency measures with renewable energy sources such as wind, solar, etc. [replacing fossil fuels], being priority choices by wide varieties of manufacturing sectors. With these restructuring of energy supplies, we aim to reduce the emissions & its implications on the climate change. Also increasing renewable energy significantly allows to achieve cost effectiveness, providing economic advantage.

Speaking on Toyota’s commitment to environment protection and sustainability, Mr. Masakazu Yoshimura, Managing Director – Toyota Kirloskar Motor said, “Business can play a significant leadership role in accelerating the transition to a lower-carbon economy, we see renewable energy to be a key component of climate action efforts. As a responsible corporate citizen, we at Toyota strongly believe in the philosophy of “Respect for the Planet”. Reiterating our commitment to enable greener environment, TKM sources clean energy and adopts smart manufacturing systems towards Toyota’s ultimate global mission of ‘Zero Carbon Emission”.

Over the years, TKM has been stringently working towards reduction of dependency on non- renewable energy resources by implementing various energy management procedures to achieve environmental sustainability. Our renewable energy strategies prioritize energy efficiency and policy advocacy, well aligning with Government’s initiatives. I am very proud to declare that during October 2018, we achieved 100% renewable power source for our energy requirements. Through such significant goals, TKM could effectively contribute towards emission reduction by over 51,000 tons of Co2 during first three quarters of FY 2018-19.” He added.

In addition to these efforts, TKM has also devised strategies to reduce the Co2 emissions at its manufacturing facilities through energy “Consumption Reduction” and “Conversion Efficiency”. Under Conversion Efficiency enhancement approach, TKM aims to improve the operational efficiency by transforming energy from one form to another form through continuous

improvements which has been contributing effectively towards maximization of green energy adoption at TKM’s manufacturing plant.

Additionally, through various initiatives like adoption of reverse refrigeration system, centralized control of chillers, adoption of smart ACs, TKM has been reducing significant quantity of Co2 releases over the years. The company has also been vesting enormous efforts to reduce its energy consumptions through controlling and reducing daily energy consumption in each of the operational processes instilling stringent & systematic monitoring to track energy usages.

Recognising these efforts on reduction of emission in TKM’s manufacturing plant with key contributor being optimisation of renewable energy, TKM was recognised as a “Model Plant” under its “Zero Co2 plant” challenge among the Toyota Asia-Pacific affiliates.

Apart from the above stated key environmental conservations, TKM has been successful in adopting effective energy conservation techniques on factory floor and outside the company:

-   Aligning with the eco-commitment, TKM have been considerably focusing on environmental factors beginning with the plant design stage, the second plant facility at Bidadi was established, being “Eco-factory”. With this concept, TKM installed state-of- the-art technologies like servo press, global body welding line, wet on wet painting with enhanced energy efficiency levels of the manufacturing equipment, resulting in the overall reduction of Co2 emissions

-   With the concepts of Yosedome – flexibility to alter the scale as per production needs and ‘Kara- kuri' [an innovative process that converts electricity driven processes in to gravity and mechanically driven process], TKM has been driving continuous improvements to simplify and streamline the manufacturing processes, developing to become more energy efficient

Toyota is set to challenge the goal of ZERO CO₂ emissions by 2050. From fuel efficient vehicle to developing ever better eco techniques & approaches, TKM focuses on environmentally sustainable solutions in each of its business operations and every single vehicle that is manufactured in the plant facility.

The market dynamics are changing, the industry needs to acquire or develop alternate technologies to cater to future mobility needs. We at Toyota primarily focus on solving larger issues faced by the nation than just manufacturing world class cars. Such thinking way drives Toyota’s production system, products and services, national campaigns and all routine operations ensuring low emissions, fuel saving, energy conservation, safety as a prerequisite.

As pioneered makers of eco-cars leading the way for a better tomorrow, Toyota recently launched The All New Camry Hybrid Electric Vehicle. Toyota’s strong hybrid technology not only aims at creating harmony with man, nature and machine, but also positioned as the future of eco-mobility. The Camry Hybrid or self-charging electric vehicle is a strong hybrid and the only hybrid which is locally manufactured at Toyota Kirloskar Motor’s second plant located at Bidadi [Bangalore, Karnataka] in India. Toyota celebrates global cumulative hybrid sales of more than 12 million with the reduction of 94 million tons of Co2.

JCB Commits a Further Investment of Over Rs. 650 Crore in India


The new factory will be located in Vadodara in Gujarat and will manufacture parts for global production lines as the company prepares to meet increased demand. JCB Chairman Lord Bamford laid the foundation stone for the new plant which will be JCB’s sixth factory in India – a country which has been JCB’s biggest single market since 2007.  The announcement follows the start of work on a new £50 million factory to build cabs for JCB machines in Uttoxeter, Staffordshire, UK which will be completed later this year.

JCB Chairman, Lord Bamford said, “With major investment in manufacturing capacity in the UK and India, we are very well placed to grow our business in the future. This year we celebrate 40 years of JCB India and our success over those four decades is down to our continual investment. It’s fitting that we mark the 40th anniversary with an investment in a factory which will give us enormous manufacturing capacity.”

JCB India already has factories in Delhi, Pune and Jaipur. Production at the new facility at Halol-II, Vadodara on a 44 acre site will begin next year. It will house the most modern laser cutting, welding and machining technology and will be a fork-lift free operation. It will be capable of processing 85,000 tonnes of steel annually

JCB India MD and CEO, Vipin Sondhi said, “This new factory will be manufacturing engineered components and sub-assemblies for JCB’s many factories around the globe. It will add to the capacity at our existing plants in India. Vadodara presents us with the advantage of being located close to the Surat port and also to our key suppliers.”

About JCB India: 

JCB is a leading manufacturer of Earthmoving & Construction equipment in India. It has five world-class factories at Delhi-NCR, Jaipur and in Pune, where it also has a Design Centre. Through an indigenised supply chain, it manufactures over 60 different products in eight categories. Products made in these factories have been exported to over 100 countries. It introduced the iconic Backhoe Loader in India four decades ago, a machine which is today seen at virtually every work site across the country. Today JCB India is a full range infrastructure equipment partner and provides solutions for customers by integrating its Range, Reach and world-class Product Support.

JCB India today employs over 5,000 people in its Indian operations. It has a network of more than 60 dealers and 700 outlets spread throughout India. The network also extends to the South Asia Region of Nepal, Bhutan, Bangladesh, Myanmar and Srilanka, where JCB businesses are managed by the Indian Operations.

It is pioneering the use of Digital Technology in it machines through advanced Telematics called JCB Livelink. It works with 54 Government schools and 14,500 students on age appropriate learning. JCB aspires to promote Indian literature through the JCB Prize for literature & supports the market creation and upskilling of artisans of Indigo dye.

Tuesday, March 26, 2019

NetApp’s Start-Up Accelerator Program Welcomes Six Innovative in Space of Quantum Security, Cloud, Analytics and AI


NetApp has announced the fourth batch of start-ups chosen for the NetApp Excellerator, the company’s flagship accelerator program. Six start-ups were shortlisted from over 300 applicants, following a rigorous screening process including a bootcamp for the top twelve. The NetApp Excellerator program has mentored 18 start-ups through its last three cohorts and is set to accelerate a new batch of innovative enterprises.

The start-ups that have been selected for the fourth cohort are QuNu Labs, SecurelyShare, Zappy.ai, Ecolibrium Energy, Eder AI and UniQreate. While the core technology for all these start-ups is data driven, they function in the areas of Quantum Security, Analytics, Artificial Intelligence and Cognitive RPA. Following the international reach of the program in the third cohort with two Singapore-based startups, this cohort has a UK-based startup.

Commenting on the launch of the fourth Cohort, Ajeya Motaganahalli, Senior Director, Engineering Programs and Leader of the NetApp Excellerator program, said, “We have been able to influence tangible commercial success in our cohorts so far in terms of customer acquisition, raising venture capital and successful exits. With the fast-paced evolution of the start-up landscape, the selection of our fourth cohort was predominantly governed by our focus on investing in futuristic technologies in data and security. I’m very excited to welcome the gamut of start-ups working on game-changing ideas in quantum computing, AI and cognitive RPA to this four-month journey of disruptive innovation in solutions and processes. We aim to realize the innovation potential of this ecosystem in terms of transformative outcomes.”

The success of the program’s alumni has reaffirmed NetApp’s contribution in promoting the growth of the start-up ecosystem. Adya, an alumnus from NetApp’s first Cohort, recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. LightMetrics, also an alumnus from the first Cohort, secured a new series of funding.

“Our startup accelerator program has been associated with some of the best startups in the B2B space. We have focused on companies that are paving the way towards innovation in the data management space. The market is extremely competitive and through our expert technical and business mentorship, we can help the startups scale their businesses to solve global challenges. We will strive to expose our startups to customers both in India and overseas to take advantage of relevant opportunities,” said Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India, on the company’s vision and the program.

As the four-month program kicks off, each of these start-ups will receive technical and business mentorship and support to develop market ready products and solutions, an equity-free grant of $15,000, access to NetApp’s technologies, a co-working space and HR, legal and tech support. In addition, the start-ups will be given networking opportunities with potential investors, partners, and customers.

NetApp has also formed strategic alliances with select startups from each cohort to co-create solutions and go-to-market with them. FirstHive, Cardiotrack, ZScore, Scalend, BlobCity, SigTuple, and Nanobi are the strategic alliance partners from the previous cohorts.

Fortis Steps into AI Based Patient Care, in Partnership with Phable


Fortis Hospitals Bangalore announced its partnership with Phable, India’s first autonomous care start-up. Through this partnership, Fortis’ patients will now have access to AI-powered ailment management solutions at the comfort of their homes. This will positively impact thousands of Fortis patients, who suffer from chronic illnesses.

Phable aims to make healthcare patient-centric, easily accessible and pocket-friendly. Their app-based virtual assistant improves the quality of life of patients by helping them manage medication, tests, diet, exercise etc. Phable integrates several home-care health devices and can detect anomalies in health conditions, thereby becoming a potential life-saver. Phable supports over 18 major chronic ailments and uses AI to deliver personalised guidance to patients.

A Spokesperson from Fortis Hospitals, Bangalore, said “Fortis Hospitals has always been dedicated towards providing the best quality care to its patients. Phable’s AI-powered guidance and prediction system will help patients and doctors by alerting them on early warning indicators, thereby, significantly improving the health outcomes of our patients.”

Speaking about the partnership, Prasanth Reddy, Co-Founder, Phable, said “We are glad to partner with one of the leading chains of hospitals in India. Our unique technology makes care delivery hassle-free, instant and most importantly, continuous for India’s many chronic illness patients. We are very confident that this partnership will help us deliver world-class digital care to the patients who need support at their homes.”

Powered by cutting-edge deep learning technology, Phable aims to integrate healthcare by bringing together medical expertise, patient data and health devices on to a single platform. According to CII, with the increased digital adoption, India’s healthcare market is expected to grow at a CAGR of 23% to US$280 billion by 2020. Digital healthcare players are estimated to accelerate a good portion of this growth and Phable, as the world’s largest medical IoT integrator, is steadily on its way to lead the digital health transformation.

Future Generali India Insurance Launches Phase 2 of 'Future Health Suraksha’ Policy with Added Benefits

Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between the retail game changers Future Group and global insurer Generali, has launched the revised version of the ‘Future Health Suraksha’ product with a host of new features beneficial to the customers.

During the launch of the product, Dr. Shreeraj Deshpande, Principal Officer & Key Managerial Personnel, Future Generali India Insurance said, “Future Health Suraksha is one of our flagship health products and the benefits have been added keeping in mind growing customer demand arising from increasing healthcare costs.

With Future Health Suraksha, customers can avail many new features with option of easy premium payment and several other discounts under family & long-term segments, thus ensuring they get the best value of the policy.”

The entry age of the policy is 3 months to 70 years of age and can be renewed life long. One can also choose to buy the long term policy with tenure of upto three years. There are 4 different plans: Gold, Platinum, Topaz and Ruby depending on sum insured (sum insured options starting from INR 50,000 upto INR 10 lakhs). All plans are available with individual and floater option. Portability is available as per Portability Guidelines.

For detailed benefits, coverage and exclusions, please refer to the policy brochure. (https://general.futuregenerali.in/Health-Insurance/future-health-suraksha)

Key Features of Future Health Suraksha :-

Entry Age - 3 months to 70 years with option of Life long renewal.
Policy Tenure - The product is available with the policy periods maximum up to three years.
Plans and Sum Insured options available
There are 4 different plans: Gold, Platinum, Topaz and Ruby. All plans are available with individual options and floater option is available for sum insured options for 2 lakh and above.

Sum insured of ₹ 50000, 100000, 150000 from Zone A /Zone B /Zone C will be applicable only for New business for Children up to age of 25 years
Sum insured of ₹ 100000, 150000 from Zone C will be applicable for new business for Rural Areas only.

Cumulative Bonus - 10% for every claims free year to a maximum up to 50% of the Sum Insured.

Discounts
Family discount - Applicable in case two or more family members are covered in the same policy in case of Individual Sum Insured option.

Long term discount - Applicable in case of single premium payment for policy term of more than one year

Loyalty discount – Insured will get a discount if the client already has a separate Retail Health insurance policy (other than Future Health Suraksha / Personal accident /Travel) from Future Generali India Insurance Co. Ltd.

Portability can be offered as per the Portability guidelines

Payment options – Option of paying premium on instalment basis for long term policies. The premium in the policy will differ depending on the city of residence of the Proposer based on the zone wise classification.

Key Benefits
Inpatient Hospitalization
Day Care Treatment expenses
Pre-hospitalization Medical Expenses
Post-hospitalization Medical Expenses
Ambulance charges
Free medical check-up
Patient Care
Accidental Hospitalisation
Hospital Cash
Accompanying Person
Organ Donor Expenses
Emergency Ambulance
Cumulative bonus
Recharge of Sum Insured

Sagisu Expands Operations from Bengaluru to Chennai & Hyderabad



Sagisu, the most trusted new age intracity logistics partner, today announced their expansion to two important metros in South – Chennai and Hyderabad. The company known for its unique business and service model, Sagisu started its expansion plans for the entire South India by setting-up its operational offices in the two most important business hubs in the region. It’s a giant leap from the promising start-up which sets to increase its trucker’s fleet to 1000+ in the next 6months servicing 25+ clients in each city. The company plans to upturn its annualized revenue to INR 50 crores in the fiscal year 2019-20 from these existing offices at Bengaluru, Chennai and Hyderabad.

Sagisu is a new age intracity logistics startup which is disrupting the transportation ecosystem by bringing in all partners and associates on to the same platform to deliver state-of-the-art intracity transportation experience to customers. The initial area of service is aggregation business with primary focus on Ecommerce, Retail, Pharma, Logistics, Dairy & Farm Fresh, Real Estate and CPG sectors. Sagisu has hired initial employee strength of 15+ people in each of the two cities.  Both the regional offices will be led by General Managers with their past experiences from Paytm, Ola and the likes, supported by Supply Operation Managers, Territory Business Managers and the frontline Supply Executives.

Sagisu addresses the core problem of demand and supply asymmetry between truckers & customers for intracity logistics. Nagesh Rajanna, CEO-India Business, Sagisu said, “After demonstrating the proof of our unique concept and flexi business model at Bengaluru, we are scaling it up. With these two new operational cities, we would be able to provide extended services to our existing clients who want us to connect them to other southern cities. The aggregated truckers joining Sagisu family in the new cities will get all the prevailing benefits like their Bengaluru counterparts. We will be investing in their training, education, smart handsets, tech platforms and all other such augmenting tools. West India will be our next target region post covering the southern part of the country.”

It is estimated that the Indian logistics industry will continue to show robust growth of 10-15% annually, leading the pace of growth of the economy at large. The logistics companies are setting up big warehouses region wise and following the hub-and-spoke model for freight movement from the warehouses to the different manufacturing plants, wholesale outlets, retail outlets and the various POS. Sagisu is gearing up-to launch its unique proprietary Smart Hub which brings in all the partners and associates on to the same platform to deliver state-of-the-art intracity transportation experience to its customers, in Bengaluru soon. It offers Flexible business model as per the customers’ requirements - Contractual, non-contractual/AdHoc, trip and volume based etc. are some of the operational modes. The company offers a wide range of dedicated products and services catering to the specific needs of the customers – First Mile, Mid Mile and Last Mile. The Company has few more innovative products lines in pipeline as part of its forthcoming Smart Hub launch.

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