Roadcast collaborates with AMU for GPS-enabled EVs

Roadcast, a SaaS-based logistics automation platform, is collaborating with Accelerated Money for U (AMU), a non-banking financial company (NBFC), specialising in financing electric vehicles (EVs).

AMU will be implementing Roadcast’s GPS technology in as many e-rickshaws they finance as possible, according to an official release from Roadcast.

The collaboration will help in monitoring and managing fleet, adapting technological advancements and contributing to the national IoT ecosystem. It will also aim to tap into the emerging markets in tier-2 and tier-3 cities, the release added.

“GPS-enabling 3W e-rickshaws leased by AMU with Roadcast’s technology will help AMU predict and identify non-performing assets and riders who may default on payments. The analytics will also provide insights into the performance of original equipment manufacturers (OEMs).”

Rahul Mehra, co-founder, Roadcast says: “Adopting Roadcast’s GPS device will significantly impact NBFCs by enabling faster fund reallocation. In leasing agreements, timely fund recovery is crucial, and Roadcast’s technology provides predictive insights that support proactive risk management strategies. This partnership will ensure that 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 & MD, AMU adds: “The access provided by Roadcast will help us navigate the complexities of NBFC operations more efficiently. In addition to this, their IoT expertise for real-time vehicle tracking will help in enhancing security and reliability through 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.”