Future Automotive Revenue growth to come from Downstream Services is expected to grow into a trillion-dollar market by 2025 and future applications will use the vehicle as a part of an IoT ecosystem for apps and services, using proprietary or third party Technology Service Providers. Leasing and rental companies will be able to leverage trends such as data and AI and connectivity. Leasing and rental operators will be positively impacted by the mobility trends. Connectivity and data will continue to help optimise fleet management and demand, while connected car platforms improve the user experience for renters and leasers.
Octo Fleet Telematics solution provides a set of customized ready-to-use, end-to-end rental processes that have been adopted by several business models and allows for efficient management of the entire fleet as well as individual vehicles and drivers.
The solution provides Intelligent Fleet Optimisation and Asset Utilisation, including service such as Crash Management, Anti-Theft Management, Vehicle Tracking and Advanced Diagnostics, based on both proprietary or third-party telematics devices and a simple, intuitive and configurable interface. This promotes an “Intermodal” ecosystem (vehicle renting, vehicle sharing, corporate car sharing, ride sharing, P2P vehicle sharing), including keyless rentals, Mobile and Web Digital Identity Creation, Customer Management (Membership and Subscription) and Billing Management.
Octo runs more than 15 Sharing and Rental services with 200,000 cars and scooters, 900,000 registered users and more than 400,000 hires per month.