Using Fleetonomy’s tools that provide predictive analytics of fleet utilization, Audi was able to improve the overall efficiency and utilization of its on-demand 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, Audi Business Innovation GmbH. “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.”
Car companies around the world are rolling out on-demand or rental programs for their fleets as a way to replace traditional car ownership. Audi launched its on demand program back in 2015 and has a new version, Audi Select, which rolled out in 2018.
Using data from Germany and San Francisco, Fleetonomy was able to predict demand and move supply of the Audi fleet around to rebalance vehicle availability in real-time, the company said.
“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 Fleetnomy Co-Founder & 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”.
Late last year, Fleetonomy snagged $3 million from investors including Vertex Ventures, with participation from Kardan Ventures and VectoIQ.
Now the company will look to expand on its success with other automakers as well as deepen its relationship with Audi.