GreenRoad Technologies News
13 articles
אייל לפידות חוזר לביטוח: ממתין לרישיון מבטח ומשקיע בגרינרואד
Former Phoenix Insurance CEO, Eyal Lapidot, is investing in GreenRoad, a start-up that has developed technology to reduce road accidents. Lapidot is purchasing 2% of GreenRoads shares through his investment company, Monston Investments, and DIG, a digital insurance group he established earlier this year. The investment is in anticipation of GreenRoads IPO, where it intends to raise tens of millions of shekels at an estimated value of half a billion shekels. Lapidot will serve as the chairman of GreenRoads insurance advisory board for three years from the date of issuance.
Investment
Driving safety co GreenRoad Insights plans TASE IPO
GreenRoad Insights, a driving safety technology company, has filed a draft prospectus for an offering on the Tel Aviv Stock Exchange at a valuation of NIS 500 million. The company has developed an active safety system for improving driver behavior and has customers in 60 countries with vehicle fleets. In 2020, it had revenue of $12.6 million and an orders backlog of $28 million. GreenRoad Insights plans to use the proceeds of the share offering to finance growth and strengthen its capital structure.
Public TradingInvestment
Insurance software company Sapiens partners with driver assessment company GreenRoad
Sapiens International Corp. NV has announced a partnership with GreenRoad Driving Technologies Ltd. The partnership will allow Sapiens insurer clients to use GreenRoads mobile app to assess risks for automotive insurance based on the individual drivers performance. GreenRoads app offers real-time coaching and scoring mechanisms to promote road safety and reduce collisions and accident-related costs. The financial terms of the deal were not disclosed. Sapiens CEO emphasized the importance of embracing innovation and digital technology in the insurance industry.
Partners
GreenRoad fleet management review
GreenRoad, a global fleet management company, focuses on driver safety and offers a cloud-based telematics and fleet management solution. The company aims to reduce operational costs, improve driver performance, and achieve a positive return on investment. GreenRoad does not disclose its pricing on its website and prefers customers to contact the company directly for a quote. The companys solution includes features such as driver safety assessments, real-time feedback, vehicle tracking, compliance management, and operational efficiency tools. GreenRoads customer service options include online chat and an online portal, but there is no dedicated helpline number. The company has a presence in multiple countries and serves clients such as Chevron, Costa Express, and Kelsian.
CustomersPartners
https://www.fleetnews.co.uk/news/car-industry-news/2020/01/03/otonomo-and-greenroad-partner-to-help-fleets-reduce-road-risk
Otonomo will partner with GreenRoad to provide Driver Risk Profiling and other intelligence to clients worldwide. The partnership allows GreenRoad to offer its solutions using data directly from OEMs or any onboard device deployed in fleet vehicles. Otonomos data platform ingests and reshapes automotive data, enabling application and service providers to develop new offerings. GreenRoads platform analyzes data for behavioral markers and generates risk profiles, recommending actions for safer driving. The partnership expands GreenRoads reach to dozens of OEMs and telematic service providers. The article does not mention any specific customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event.
Partners
Prometeon, GreenRoad partnering on developing fleet-services portfolio
Prometeon Tyre Group has partnered with GreenRoad Technologies to enhance its fleet services portfolio. The partnership will introduce PRO Drive, a fleet-management solution based on GreenRoads expertise, to help improve drivers behavior and reduce fuel consumption and incident rates. Prometeon plans to roll out PRO Drive in Europe in early 2020 and expand globally. The partnership aligns with GreenRoads strategy of entering new markets through strategic partners. Prometeon, a producer of Pirelli-brand tires, was established in 2017 as part of Pirellis transformation into a consumer tire company after being acquired by China National Chemical Corp. No specific date is mentioned in the article.
PartnersCustomers
GreenRoad Technologies and Affectiva Partner to Bring Real-Time Driver Impairment Monitoring to the Fleet Management Market
https://www.fleetnews.co.uk/news/car-industry-news/2018/03/09/ttc-driverprotect-and-greenroad-to-create-next-generation-safety-programmes
TTC DriverProtect has partnered with GreenRoad Technologies to deliver a driver safety programme based on personal performance and behavioural change. The partnership aims to improve driver behaviour and create a safe-driving culture. GreenRoads technologies will be integrated into TTC DriverProtects driver training interventions, offering a range of services to improve road safety compliance. The programme will reduce road-related risk, safety incidents, and costs while improving operational efficiencies.
Partners
http://www.fleetnews.co.uk/news/fleet-industry-news/2016/03/02/telematics-apps-set-to-replace-hardwired-technology-by-2020-says-greenroad
Telematics provider GreenRoad Technologies believes that fleet managers will increasingly adopt mobile devices, leading to the replacement of hardwired technology by 2020. The demand for mobile applications for driver behavior-based technology is growing, driven by accessibility, low costs, and ease of use. GreenRoad predicts that the mobile workforce market will grow by 33% over the next three to five years, resulting in a surge in demand for apps. The company emphasizes the need for more comprehensive solutions that can increase fleet efficiency, going beyond basic tracking. As fleet and technology modernize, mobile technology is expected to outpace and replace traditional telematics.
CustomersExpand
http://www.automotive-fleet.com/news/story/2015/11/greenroad-updates-mobile-app.aspx
GreenRoad raises $10M from Al Gore's Generation Investment Management
GreenRoad has raised $10 million in financing from Generation Investment Management. The funding will be used to accelerate the deployment of GreenRoads technology-based service, GreenRoad 360, among existing and new customers. GreenRoads service provides real-time feedback, analysis, reporting, and coaching on drivers abilities, maneuvers, and patterns. The company aims to improve driving safety and fuel efficiency, which costs the US and Europe over $500 billion per year. GreenRoad customers can see up to a 50% reduction in crash costs and up to a 10% reduction in fuel consumption within the first year. The investment from Generation Investment Management aligns with GreenRoads mission to make roads safer and greener. GreenRoad has raised a total of $48 million to date.
Investment
GreenRoad secures $3 million for driver-safety tech
GreenRoad Technologies has received $3 million in series C funding from Amadeus Capital Partners, Virgin Green Fund, Benchmark Capital, and Balderton Capital. The funding will support the companys main product, the GreenRoad Safety Center, which provides real-time suggestions to drivers on how to operate a car more safely and efficiently. GreenRoad claims that its product has led to a 54 percent reduction in crashes and a 7 percent drop in fuel costs. The companys product is being adopted by commercial fleets, insurance companies, and governments in the United States, Europe, and Israel. GreenRoad projects that its products could serve 77 million vehicles.
Investment
$14.5 million to company that nitpicks your driving habits
GreenRoad Technologies has developed a software program that analyzes driving habits and provides feedback to employers, insurance companies, and rental car agencies. The program helps identify problem drivers and bad driving habits while also offering tips for improvement. Corporate customers have seen a 54% reduction in accidents and a 65% decrease in accident costs after installing the software. Carbon dioxide emissions have also declined by 7% in some cases. In a test with T-Mobile, risky driving behavior decreased by 50% in six weeks, leading to a 23% drop in accidents after several months. Benchmark Capital and Virgin Green Funds have invested $14.5 million in GreenRoad Technologies.
CustomersInvestment
