A modern car is a data center on wheels. It generates 25 gigabytes of data per hour captured by many sources including GPS, sensors, cameras and engine control units. It is a vast quantity of useful information yet how it is extracted and utilized is a valuable question, perhaps even more valuable than the current automotive industry itself.
Enter Fueloyal with its IoT and connected vehicle platform. Whether it’s a predictive maintenance, driver behavior used for pay-as-you-drive car insurance, upgrading vehicle security or simply develop better in-car experience, Fueloyal provides vehicle OEMs and fleet manager’s tools to collect and use data in order to improve their business and financial decisions.
As the cars are getting more technologically advanced, they produce even more data so an already huge market is set to grow even bigger. Outsized market opportunity always comes with highly competitive landscape but we feel that Jurica Magoci, Fueloyal’s CEO, together with his team, are just the right guys to win at this game.