Roadcast, a leading SaaS-based logistics automation platform, and Accelerated Money for U (AMU), a prominent non-banking financial company (NBFC) specializing in financing electric vehicles (EVs), have announced a transformative partnership aimed at advancing EV technology and promoting environmental sustainability across India.
Under this landmark collaboration, AMU will integrate Roadcast’s advanced GPS technology into a substantial portion of the e-rickshaws it finances. This strategic move is set to revolutionize EV operations, particularly in Tier-2 and Tier-3 cities, by enhancing fleet management, improving security, and tapping into emerging markets with significant potential for profitable EV financing.
Roadcast has established itself as a leader in fleet management solutions, leveraging sophisticated tools such as GPS tracking. AMU, recognized for its role in accelerating EV adoption, will benefit from these innovations through enhanced predictive analytics and asset management. By equipping e-rickshaws with Roadcast’s GPS devices, AMU aims to predict and mitigate risks related to non-performing assets and payment defaults. Additionally, the analytics capabilities will offer valuable insights into the performance of original equipment manufacturers (OEMs), enabling more informed decision-making.
Rahul Mehra, Co-Founder of Roadcast, commented on the partnership: “As a tech-first company, we’re committed to leading the green revolution alongside the increasing adoption of electric vehicles. Our partnership with AMU allows us to significantly enhance public access to advanced, connected EVs. The integration of Roadcast’s GPS technology will also impact NBFCs by facilitating faster fund reallocation. Timely fund recovery is crucial in leasing agreements, and our technology provides predictive insights that support proactive risk management strategies. This partnership will ensure 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, expressed enthusiasm about the collaboration: “We are pleased to partner with Roadcast. This collaboration will primarily help us identify vehicles at risk of default early, allowing for effective interventions and streamlined fund allocation. Roadcast’s IoT expertise in real-time vehicle tracking will enhance security and reliability, supporting efficient EV and UAV operations. This partnership not only promotes eco-friendly transportation and client satisfaction but also aligns with AMU’s vision of contributing to national GDP growth. By ensuring the safety and operational efficiency of financed vehicles, AMU can foster trust, support small businesses, and advance sustainable practices in the electric mobility sector.”
The collaboration between Roadcast and AMU signifies a major step forward in the electric mobility landscape, promising to deliver enhanced operational efficiencies, improved financial stability, and a stronger push towards sustainable transportation solutions in India.
