By incorporating GPS technology into the 3W e-rickshaws that AMU leases, the company can forecast and pinpoint non-performing assets and likely defaulters. Additionally, the analytical features of Roadcast’s technology will furnish insights into the performance of original equipment manufacturers (OEMs), allowing AMU to make better-informed decisions.
Roadcast, a SaaS-based logistics automation platform in India, and Accelerated Money for U (AMU), a critical non-banking financial company specializing in electric vehicle (EV) financing, have unveiled a partnership. This collaboration is set to deploy Roadcast’s GPS technology across a broad spectrum of e-rickshaws financed by AMU, aligning with both companies’ objectives to boost security, promote EV adoption, and support environmental sustainability. It also focuses on enhancing fleet monitoring and management, embracing technological advancements, and contributing to the national IoT ecosystem, especially in Tier-2 and Tier-3 cities.
Roadcast excels in fleet management solutions, providing essential tools such as GPS tracking, while AMU has been instrumental in fostering the adoption of EVs. Integrating GPS technology in the 3W e-rickshaws leased by AMU will enable the company to detect and forecast non-performing assets and likely defaulters. Technology will also deliver analytics that reveal the performance of original equipment manufacturers (OEMs), aiding AMU in making more informed decisions.
Rahul Mehra, co-founder of Roadcast, mentions that their tech-oriented approach focuses on spearheading the green revolution and enhancing the adoption of electric vehicles. The collaboration with AMU improves public access to advanced, connected electric vehicles and influences non-banking financial companies (NBFCs) by enabling quicker fund reallocations. Their GPS technology plays a crucial role in leasing arrangements by ensuring timely fund recovery. Roadcast’s technology also provides predictive analytics that support proactive risk management strategies. This allows for early detection of potential issues, facilitating faster interventions and improving fund recovery, which ultimately boosts financial operations and stability in the EV industry.
Nehal Gupta, Founder & Managing Director of AMU, expresses excitement about their partnership with Roadcast, which assists in identifying vehicles at risk of default early, enabling quick action and optimizing their fund allocation process. Roadcast’s access supports AMU in efficiently navigating the complexities of NBFC operations. Their expertise in IoT and real-time vehicle tracking increases security and reliability in managing EV and UAV operations. This partnership fosters eco-friendly transportation and customer satisfaction, aligning with AMU’s vision of contributing to national GDP growth. By ensuring the safety and operational efficiency of financed vehicles, AMU builds trust, supports small businesses, and promotes sustainable practices in the electric mobility sector.
The strategic collaboration between Roadcast and AMU is poised to create lucrative opportunities for profitable EV financing and significantly impacting the EV sector’s financial operations and stability while advancing public access to sophisticated, connected electric vehicles. This partnership supports broader goals of environmental sustainability and economic growth.
