Roadcast is a leader in fleet management solutions, offering smart tools like GPS tracking, while AMU has been pivotal in promoting the adoption of EVs. By integrating GPS technology in the 3W e-rickshaws leased by AMU, the company will be able to predict and identify non-performing assets and potential defaulters. The analytics capabilities provided by Roadcast’s technology will also offer insights into the performance of original equipment manufacturers (OEMs), enabling AMU to make more informed decisions.
“As a tech-first company, we're committed to leading the green revolution alongside the increasing adoption of electric vehicles. Our partnership with AMU allows us to significantly enhance public access to advanced, connected EVs. In addition to this, adopting Roadcast’s GPS device will significantly impact NBFCs by enabling faster fund reallocation. In leasing agreements, timely fund recovery is crucial, and Roadcast’s technology provides predictive insights that support proactive risk management strategies. This partnership will ensure that potential issues are identified early, allowing for quicker interventions and more efficient fund recovery, ultimately improving financial operations and stability in the EV sector,” said Rahul Mehra, co-founder at Roadcast.
“We are glad to partner with Roadcast. This collaboration will first and foremost help us identify vehicles at risk of default early on. This will allow us to intervene effectively and streamline our fund allocation process. The access provided by Roadcast will help us navigate the complexities of NBFC operations more efficiently. In addition to this, their IoT expertise for real-time vehicle tracking will help in enhancing security and reliability through efficient EV and UAV operations. This partnership not only promotes eco-friendly transportation and client satisfaction but also aligns with AMU's vision of contributing to national GDP growth. By ensuring the safety and operational efficiency of their financed vehicles, AMU can foster trust, support small businesses, and advance sustainable practices in the electric mobility sector,” said Nehal Gupta, Founder & MD, AMU.
The strategic collaboration between Roadcast and AMU aims to revolutionize the EV market in emerging regions, creating opportunities for profitable EV financing. This partnership is expected to have a significant impact on the financial operations and stability of the EV sector, enhancing public access to advanced, connected electric vehicles, and supporting the broader goals of environmental sustainability and economic growth.
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