Roadcast and Accelerated Money for U (AMU) have announced a partnership wherein the collaboration will see AMU implementing Roadcast’s advanced GPS technology across the e-rickshaws they finance. One of the key aspects of this collaboration is its potential to revolutionise the EV market in Tier-2 and Tier-3 cities, tapping into emerging markets that hold significant promise for profitable EV financing.
Roadcast, known for its cutting-edge fleet management solutions, will equip AMU’s leased e-rickshaws with GPS tracking, enabling the NBFC to predict and identify non-performing assets and riders who may default on payments. Additionally, the analytics capabilities provided by Roadcast will offer valuable insights into the performance of original equipment manufacturers (OEMs), enabling AMU to make more informed decisions.
Rahul Mehra, co-founder of Roadcast, stated 'Our partnership with AMU allows us to significantly enhance public access to advanced, connected EVs. 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.'
Nehal Gupta, Founder and Managing Director of AMU, added '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 enhance security and reliability through efficient EV and UAV operations.'
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