India: Vehicle rental firm Zoomcar launches telematics software for fleet owners

Vehicle rental platform Zoomcar has introduced a software stack focused on corporates and fleet owners that will help track driver behaviour and vehicle status in real-time to prevent rash driving and curb vehicular damage. The product ‘Zoomcar Mobility Stack’ (ZMS) includes an IoT device and software that will work across both internal combustion and electric vehicles and is fully hardware agnostic.

Zoomcar’s new product launch focused on the business-to-business (B2B) segment comes at a time when mobility startups have been struggling to make money since the demand for public commute and vehicle rentals have reduced by at least 50% in the last few months. Due to the fall in demand, vehicle-sharing startups such as Bounce, VOGO, and Drivezy have been hiving of vehicle assets to recover salvage value. Yulu which offers electric vehicles (EVs) on rent has also turned its focus on long-term bike rentals as most mobility users now prefer their own vehicles over shared vehicles.

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