To make its fleets smarter and give the utmost efficiency in the Indian EV ecosystem, eBikeGo, India’s premier electric two-wheeler mobility platform, has recently launched a unique IoT system connected to mobility EBG-Matics.
The device follows the 0.5 – 5 – 50 formula, in which 0.5 implies that the vehicle should be repaired within half an hour in case of any downtime or fault, 5 means that vehicles and their assets should last at least 5 years, and 50 means that only 50% of the cost should be spent on maintenance.
EBG-Matics is unlike any other telematics device since it uses AI and machine learning to analyse rider and vehicle behaviour in order to track and improve efficiency to achieve eBikeGo’s mission.Insurance companies and banks will also benefit from EBG-Matics. Electric vehicle insurance and loans are now much more affordable. Because they don’t have control or data to present, banks and insurance companies grant petrol vehicles 90% financing and electric vehicles 70% financing. Electric vehicle fleets may use EBG-Matics’ data to show them which models are best for getting the best financing. It can also assist insurance companies by providing data indicating which riders are driving safely and which are not. They can modify their insurance policies accordingly.
Full analytics data or business intelligence may be offered to food delivery firms such as Swiggy, Zomato, Big Basket, or Amazon using EBG-Matics. This allows them to determine whether the motorist is driving erratically and misusing assets or not. They’ll be given a driving score. Today, all of these companies track the driver using mobile phones, but they don’t obtain the driver’s qualities from the phones; instead, they will get the driver’s attributes via EBG-Matics.
As a result, they will be able to make any commercial judgments based on this. It will provide modern vehicle tracking solutions with conventional traditional features such as position, orientation, speed and range estimation in vehicle tracking units.
Vehicle depreciation is accurately modelled by EBG-Matics. The time of actual usage during that ownership, driving/parking circumstances, maintenance records, and so on have all become more important as a result of the Internet of Things revolution. This IoT-enabled EBG-Matics will tell vehicle owners how much longer their vehicle has left in it. This information can be utilized to provide useful feedback to manufacturers, dealers, and others. The significant information gleaned from the data stream concerning vehicle build quality, driving behaviour, and terrain can be used to lower rider costs, lower maintenance costs, offer usage-based insurance, raise vehicle secondary sales prices, improve vehicle safety, and extend vehicle life.
The user might view this information prior to hiring a vehicle to alleviate his concerns and ensure a pleasant experience with eBikeGo. Using our IoT technology, it can track and reward riders for braking, accelerating, and ten other patterns. GPS, accelerometer/gyro, bluetooth low energy, increased backup battery, load sensing capabilities, and an edge computer processor will all be available on eBikeGo’s electric vehicles. Individual customers can track their driver rating to find areas for development, which can lead to increased safety and lower vehicle ownership costs.
EBG-Matics is included as standard in all eBikeGo fleets and may be used to effectively rate the vehicle’s health using the eBikeGo rating system. Consumers will be able to tell how nice a vehicle is based on its eBikeGo rating. This will be the standard for all future electric vehicles.
“We provide insight to the mobility market with our new innovation – EBG-Matics. Since the safety of our drivers is our first priority, we’re combining a number of critical technologies, including IoT and AI, to take vehicle tracking to the next level. In terms of sweetening the value proposition of electric vehicles and making them more accessible to the general public, we believe these technologies have as much potential as the next breakthrough in battery technology” said Irfan Khan, Founder & CEO of eBikeGo.
