2022-06-21 | NDAQ:OTMO | Press Release
New Capabilities Provide Fleet Managers with Complete, Fleet-wide View of All Relevant Telematics, EV and Connected Car Data to Inform Business Decisions and Drive Growth
HERZLIYA, Israel and SAN FRANCISCO, June 21, 2022 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Nasdaq: OTMO), the platform powering the mobility economy, today introduced fleet Maintenance and Mileage dashboards in the Otonomo Smart Mobility Data Platform. These are the first of several new dashboards to be introduced and provide customers with a breadth of insights that offer fleet managers a snapshot view of all relevant connected vehicle data to easily and efficiently manage fleets of all sizes. Users can set up push notifications for maintenance issues such as low battery charge for electric vehicles, low fuel levels, and for immediate issues, such as when warning lights are triggered.
In the Mileage dashboard, fleet managers can track service milestones and overall mileage, as well as distances traveled by vehicle or by fleet to track trends and spot usage anomalies. The insights presented in the Mileage dashboard are applicable for a number of industry use cases, such as supporting last mile delivery drivers, mileage reimbursement for employees, customer billing, dispatching vehicles for service jobs, and fleet rotation.
The Maintenance dashboard provides near-real-time updates on key vehicle metrics such as electric vehicle charge levels, fuel and oil levels, brake wear, tire pressure, engine temperature, and more to ensure the highest levels of safety for drivers and vehicles. Fleet managers can receive proactive alerts when routine maintenance is due or when a high-risk event is detected in a vehicle, such as a temperature spike or a flat tire.
The Otonomo Smart Mobility Data Platform is a cloud native, software defined telematics platform that requires no hardware and no costly installation or maintenance fees. It is adaptable to all size fleets and is used by a wide range of fleet management operators, including those in car leasing, rental, and subscription companies. Via open APIs, the Otonomo Smart Mobility Data Platform works to provide insights for all connected vehicles in a fleet. Leveraging the insights provided by Otonomo, companies can make data-informed decisions to drive business growth, save money, and inform the overall direction of the business.
Today, the company also announced how Electric Zoo, a pay-as-you-go electric car subscription service, is using Otonomo’s GDPR-compliant Smart Mobility Data Platform to easily manage and track its fleet of electric vehicles. Otonomo’s Maintenance and Mileage dashboards provide Electric Zoo with a breadth of insights and data visualization capabilities to improve operations and explore new business opportunities.
“Our fleet customers, like Electric Zoo, now have the power in their hands to manage their fleets easily, regardless of size and without any hardware requirements, which is a distinct benefit,” said Ben Volkow, CEO and co-founder of Otonomo.
The Mileage and Maintenance dashboards can be accessed as part of the Otonomo Smart Mobility Platform at no additional cost.
To learn more about the Otonomo Smart Mobility Data Platform, please visit otonomo.io.
Otonomo (NASDAQ: OTMO), the platform powering the mobility economy, is igniting a new generation of mobility experiences and services. With Otonomo, providers in the transportation, mobility, insurance, and automotive industries are finally able to harness mobility data and insights and transform them into strategic assets and market advantages.
Our partners gain access to the broadest, most diverse, range of data from connected vehicles, mobile phones, public transport, EV infrastructure, and MaaS with just one contract and one API. Vehicle and multimodal mobility data is reshaped and enriched to provide deep visibility and actionable insights and empower planning, deployment, and operations.
Architected with privacy and security by design our platform is GDPR, CCPA, and other privacy regulation compliant, ensuring all parties are protected and companies remain privacy compliant across geographies worldwide.
Otonomo has an R&D center in Israel and a presence in the United States and Europe.
More information is available at otonomo.io.
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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Otonomo the anticipated technological capability of Otonomo, the markets in which Otonomo operates and Otonomo’s projected future financial and operational results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, and potential changes and developments in the highly competitive data marketplace. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Otonomo’s annual report on Form 20-F filed with the SEC on March 31, 2022 and other documents filed by Otonomo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Otonomo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Otonomo gives no assurance that it will achieve its expectations.