EDINBURGH, Scotland and
IRVINE, Calif., Dec. 9, 2020 /PRNewswire/ -- CalAmp (Nasdaq:
CAMP), a global technology solutions pioneer transforming the
mobile connected economy and Coastr, a digital car rental innovator
formerly known as Nuvven, today announced a partnership that
promises to disrupt the car rental business worldwide. Coastr is
aiming to do to the car rental industry what Uber did for taxi
hire.
With a focus on creating an integrated digital ecosystem by
equipping car rental operators with advanced technological
innovations and infrastructure, Coastr is transforming car rental
businesses into fully flexible and contactless models designed to
make the car rental experience more convenient for consumers and
businesses and thus increasing market share for car rental
agencies.
"Coastr strives to offer a simplified and engaging experience to
the industry as a whole," said founder, Biswajit Kundu Roy, himself a passionate
traveller. "I've had many frustrating car rental experiences myself
and know many others who've endured similar situations."
By adopting the CalAmp Telematics Cloud (CTC) and edge
computing on-board diagnostics (OBD) technology, Coastr and CalAmp
are helping to fully digitize the car rental businesses and compete
with major market players across Europe, the Middle
East, Australia and
the United States. CalAmp's
innovative CTC technology and intelligent edge devices harness the
powers of connectivity, Artificial Intelligence (AI), analytics and
edge computing. Mobile asset management of Coastr rental vehicles
via CTC and OBD telematics expands its ability to understand,
analyse and gain intelligence across a mixed fleet of vehicles with
real-time data pertaining to battery health, crash event, road
traffic, location, predictive maintenance and servicing--and even
door lock and unlock information.
"An integral part of Coastr's revolutionary technology is the
tracking and usage data that we derive from the broad fleet of
vehicles operated by car rental businesses," adds Rishabh
Makrand, Coastr's director of engineering and technology. "We knew
that the telematics devices that record this data would be
essential in building these new-age features for our platform, and
by using CalAmp's CTC platform and IoT devices, Coastr has
developed a game-changing, on-demand fleet insurance which is usage
based and set to revolutionise the car rental industry."
Coastr, with the support of CalAmp, aims to solve operator and
customer experiences through an integrated, user-friendly web-based
software for the operator and a new-age customer booking app
powered by CalAmp's connected vehicle technology and AI. As a
result, car rental companies will benefit from digitization and
expanded customer reach, while end-customers benefit from greater
choice and digital, contactless rental services. Working with
CalAmp, Coastr is enabling car rental companies to expand their
businesses through data-driven decision making and automation,
which ultimately leads to improved efficiency, reduced costs and
increased fleet utilization.
"With the CalAmp Telematics Cloud, we can help companies like
Coastr reduce the cost and complexity of developing custom
solutions that solve complex mobile asset management problems,"
said Arym Diamond, chief revenue officer for CalAmp. "CTC provides
access to a rich software development environment and valuable
telematics services that can rapidly scale and connect to support
the management of thousands or even millions of vehicles as Coastr
grows."
This forward-thinking partnership will bring a host of benefits
to car rental companies and their business and consumer customers.
This dedicated collaboration has already earned Coastr a couple of
prestigious grants. These grants will allow Coastr to execute its
ambitious vision of cost reductions, higher fleet utilization and
empowering businesses with future-proof technology.
Why the grants count:
- The Scottish Enterprise Innovation Grant encourages and
supports ambitious projects on technology and will help to create
this revolutionary on-demand fleet insurance solution.
- The Innovate UK Grant is only awarded to a handful of projects
with ground-breaking potential to make future advancements in
innovation, such as Coastr's keyless entry solution for contactless
rentals.
About Coastr
Coastr was founded in 2018 with a mission to make car rentals
better for everyone through constant innovation. For car rental
companies, Coastr empowers them to become fully digitised and
cost-effective through an innovative digital platform that resolves
operational issues at scale through advanced AI and telematics
technology. For car rental users, the company aims to solve the
clunky customer experience through contactless rentals and an
easy-to-use booking app.
Additionally, Coastr is revolutionising the car rental insurance
market by developing on-demand insurance. This feature gives access
to usage-based premiums, while reducing risks through data-driven
usage monitoring of car rental fleets.
The Coastr team comprises a talented pool of software developers
and data scientists who work tirelessly to introduce the car rental
industry to radical change. Founded by Biswajit, an avid traveller
who found renting cars to be an extremely cumbersome process,
Coastr strives to offer a simple and engaging car rental experience
to its customers. www.coastr.com
About CalAmp
CalAmp (Nasdaq: CAMP) is a global technology solutions pioneer
transforming the mobile connected economy. We help reinvent
business and improve lives around the globe with technology
solutions that streamline complex mobile IoT deployments and bring
intelligence to the edge. Our software and subscription-based
services, scalable cloud platform and intelligent devices collect
and assess business-critical data from mobile assets and their
contents. We call this The New How, facilitating efficient
decision making, optimizing mobile asset utilization and improving
road safety. Headquartered in Irvine,
California, CalAmp has been publicly traded since 1983 and
has 20 million products installed and over 1.3 million software and
services subscribers worldwide.
LoJack®, Tracker™ and Here
Comes The Bus® are CalAmp brands. For more
information, visit calamp.com,
or LinkedIn, Facebook, Twitter, YouTube or CalAmp
Blog.
CalAmp, LoJack, Tracker, Here Comes The Bus, iOn Vision and
associated logos are among the trademarks of CalAmp and/or its
affiliates in the United States,
certain other countries and/or the EU. Any other trademarks or
trade names mentioned are the property of their respective
owners.
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SOURCE CalAmp