Zoomcar Automobile rental platform has launched a Zoomcar Mobility Services (ZMS) software program stack targeted on corporates and fleet homeowners that can assist monitor driver behavior and auto and vehicle status in real-time to prevent rash driving and curb vehicular damage.
With the launch of ZMS, Zoomcar says it will provide access to its state of the art, proprietary tech stack which focuses on reducing operating costs, enhancing safety, increasing vehicle monetization, and improving customer engagement. The product ‘Zoomcar Mobility Stack’ (ZMS) includes an IoT device and software that will work across both internal combustion and electric vehicles and is fully hardware agnostic.
According to the company, one of the key pillars of ZMS is the proprietary driver scoring mechanism, an Al-powered algorithm with machine learning capabilities that tracks the real-time driving behavior of the customers. The integrated software solution rates the driver on a scale of 0-100 and provides a customizable Ul to help showcase the driver’s performance level over time.
Zoomcar’s new product launch focuses on the business-to-business (B2B) segment that comes at a time when mobility startups have been struggling to earn cash for the reason that demand for public travel and automobile leases have lessened by no less than 50% in the previous few months.
The company says it improves driver behavior and reduces accidents, while also lowering maintenance and fuel bills. At an aggregate level, ZMS regularly observes monthly operating cost savings of 25-30 percent on account of the driver scoring system and associated behavioral modification mechanisms.
Zoomcar is backed by prominent investors like Mahindra and Mahindra Ltd; Ford Smart Mobility, Sequoia Capital. The company expects to onboard over 50 partners within the next year across the two-wheeler, three-wheeler, and heavy commercial vehicle segments. The company also expects to onboard partners in 10 countries by next year and expects ZMS to contribute a meaningful percentage in the company’s total revenue in the coming fiscal year.