eBikeGo aims to launch an advanced telematics system for EVs by April 2022, and this acquisition will also help develop a new fleet management system.
Electric two-wheeler mobility platform eBikeGo has acquired tech firm, Kustard Technologies, for $2 million, the company has announced. eBikeGo said in a statement that the goal of acquiring the digital product and innovation firm is to modernize the EV industry. The acquisition will also help businesses to outpace the competition, the statement said. With this acquisition, eBikeGo plans to build its own Fleet Management System (FMS), empowering mass delivery giants like Amazon, Flipkart, Big Basket and more with performance-based technologies.
Read also: eBikeGo rugged electric moto-scooter attracts over 1 lakh bookings
eBikeGo Charge Smart Charging Network will employ AI and IoT among other latest technologies.
“We are extremely pleased to acquire Custard Technologies, one of the fastest growing tech firms, to help take the EV industry to the next level with state-of-the-art technology. Every year, around 25 million petrol two-wheelers are sold in India. Earlier, less than 0.15 million electric two-wheelers were sold, which is just 0.6 percent of the total two-wheeler sales. A major reason for this is that most of the electric two-wheelers today are not connected to the IoT (Internet of Things). ) To deprive the user of a complete, reliable digital experience. With this purchase eBikeGo’s vision is to transform electric vehicles into smart connected vehicles. As industry experts, we understand the urgency and importance of technology in the EV space ” Dr. Irfan Khan, Founder and CEO, eBikeGo said.
Read also: eBikeGo launches IoT-enabled smart charging network
eBikeGo plans to set up around 3000 IoT charging stations in 5 major cities by February 2021
The acquisition of Custard Technologies will also help in remote diagnosis of EVs to achieve preventive maintenance like monitoring vehicle health, motor, battery, controller etc. With the acquisition, eBikeGo has also expanded its team by onboarding 20 leading and skilled developers. EV Tech Industry. These new employees will contribute to product, design, innovation as well as UI and UX.
Read also: eBikeGo Rugged Electric Moto-Scooter Launched at ₹ 79,999
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eBikeGo is already in the process of developing an IoT system that will power the EBG Matics mobility device. EBG Matrix is an advanced telematics system for EVs, which will empower OEMs, Fleet Operators, Lenders, Insurance Companies and Individuals to ensure EV performance in real time. The device follows the 0.5 – 5 – 50 formula, with 0.5 indicating that the vehicle must be repaired within the first half hour in the event of any downtime or fault, 5 indicating that the vehicles and their assets must be at least Less should last 5 years, and 50 indicates that maintenance should only account for half the cost.
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