Partnerships / Acquisitions

Audi Teams With Fleet Monitoring Co For On-Demand Services

Audi has completed a trial with Israeli company Fleetonomy to improve the overall efficiency and utilization of its on-demand services, which could eventually lead to a wider rollout of the Israeli company’s fleet-monitoring and management services.

“Audi has always aspired to provide a great experience by advancing through innovation and technology. By taking an innovative multi-service approach, Fleetonomy’s platform showed great success in improving fleet efficiency, while simultaneously reducing costs associated with utilization and operation, according to fleet constraints,” said Nils Noack, mobility strategy at Audi Business Innovation GmbH, according to reports. “We’re looking forward to exploring further the opportunity to leverage Fleetonomy’s AI-based fleet management platforms, and to pushing Audi’s vision of innovative mobility services.”

Last year, the automaker launched Audi Select, which allows customers to borrow from a small selection of vehicles, including sedans, coupes, convertibles and crossovers. Fleetonomy was able to use its data to predict demand, and move Audi’s supply of vehicles around to rebalance car availability in real time.

“As the industry transforms, automotive manufacturers are expanding their role as providers of on-demand transportation services, and are looking for efficient ways to manage their fleets, according to dynamic demand and supply,” said Fleetonomy Co-founder and CEO Israel Duanis, in a statement. “Fleetonomy provides unique fleet management solutions that help fleet operators automate, optimize and manage smart transportation services that meet current and future industry needs. We are very excited to have taken part in this project, and are confident that Fleetonomy can positively influence overall efficiency, as well as enhance Audi’s smart transportation management capabilities in the future.”

Last year, the company raised $3 million from investors that included Vertex Ventures, with participation from Kardan Ventures and VectoIQ. Fleetonomy wants to expand its services to other automakers, as well as continue to strengthen its relationship with Audi.

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