New Cars and Bikes in India

TVS Motor Company Acquires Intellicar Telematics Start-up For ₹ 15 Crore

language dropdown

TVS Motor Company has acquired Bengaluru-based start-up Intellicar in a cash deal of Rs. 15 crore, with the company developing integrated IoT solutions for fleet tracking and predictive maintenance for a range of vehicles.

Intellicar's software solutions will help TVS accelerate its ongoing digital initiatives expand View Photos
Intellicar's software solutions will help TVS accelerate its ongoing digital initiatives

Highlights

  • TVS has acquired Intellicar in a cash deal of Rs. 15 crore
  • The Bengaluru-based start-up develops fleet & tracking solutions for OEMs
  • The deal will help TVS accelerate its digital initiatives for customers

Hosur-based two-wheeler giant TVS Motor Company has acquired telematics start-up Intellicar in a cash deal of ₹ 15 crore, the company has announced in a BSE filing. The Intellicar software platform developed by the start-up is described as a one-stop integrated IoT solution with fleet tracking and predictive maintenance solutions to a wide range of vehicle types. The acquisition will help accelerate TVS' ongoing digital initiatives targeted towards improving the customer's ownership experience. The acquisition process will be complete by December 31, 2020.

Also Read: TVS Introduces ARIVE Mobile App With An Augmented Reality Purchase Experience

r5c5h2hg

The TVS ARIVE app has 3 modules - Places to Explore, Scan a real bike and 3D mode that offer more information on the offering

Intellicar was founded in 2015 and has a reported revenue of ₹ 16.10 crore in FY2020, up from ₹ 9.66 crore in FY2018. The company says its software platform aims to handle large amounts of vehicle data, which in turn helps the analytics algorithm to predict part failures as well as assess driving behaviour that affects the vehicle performance. Intellicar's major clients operate in self-drive and car rental services, logistics, taxis services as well as automobile and auto ancillary OEMs. The company's website lists brands like Ashok Leyland, Blackbuck, Royal Brothers, Orix, VRL Logistics, Zoomcar among other companies as its clients.

Also Read: Mahindra First Choice Services To Become A Subsidiary Of TVS Automobile Solutions

Newsbeep
0 Comments

Meanwhile, TVS is going big on its digital initiatives and recently introduced the ARIVE mobile app that uses augmented reality to convey more information about its products to customers. The company aims to change the product exploration experience with the new app. It is limited to the TVS Apache RR 310 and the Apache RTR 200 4V for now, but will include the company's complete portfolio in the future.

For the latest auto news and reviews, follow carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

You might be interested in

Research on TVS Bikes

  • Front View
    Front View
  • Front Look
    Front Look
  • Side Look View
    Side Look View
  • Tvs Apache Rtr 160 Abs
    Tvs Apache Rtr 160 Abs
  • Tvs Apache Rtr 160 Aerodynamics
    Tvs Apache Rtr 160 Aerodynamics
  • Tvs Apache Rtr 160 Digital Display
    Tvs Apache Rtr 160 Digital Display
  • Tvs Apache Rtr V160abs With Rlp Control
    Tvs Apache Rtr V160abs With Rlp Control
  • Tvs Apache Rtr V160 Aerodynamic Claw Mirrors
    Tvs Apache Rtr V160 Aerodynamic Claw Mirrors
  • Tvs Apache Rtr V160 Aggressive Tank Cowl
    Tvs Apache Rtr V160 Aggressive Tank Cowl
  • 360 01
    360 01
  • 360 02
    360 02
  • 360 03
    360 03
  • Tvs Star City Plus Bs Vi Dig Console
    Tvs Star City Plus Bs Vi Dig Console
  • Tvs Star City Plus Bs Vi Dual Tone Seat
    Tvs Star City Plus Bs Vi Dual Tone Seat
  • Tvs Star City Plus Bs Vi Etfi Technology
    Tvs Star City Plus Bs Vi Etfi Technology
  • Alloy
    Alloy
  • Front
    Front
  • Tank
    Tank
  • Tvs Apache Rtr 180 Tyre
    Tvs Apache Rtr 180 Tyre
  • Tvs Apache Rtr 180 Crash Guard
    Tvs Apache Rtr 180 Crash Guard
  • Tvs Apache Rtr 180 Abs
    Tvs Apache Rtr 180 Abs
  • Tvs Sport Headlamp
    Tvs Sport Headlamp
  • Tvs Sport Stylish Day Time Running Light
    Tvs Sport Stylish Day Time Running Light
  • Tvs Sport Tail Light
    Tvs Sport Tail Light
  • Tvs Apache Rr 310 Advanced Aerodynamic
    Tvs Apache Rr 310 Advanced Aerodynamic
  • Tvs Apache Rr 310 Bi Led Twin Projector Headlamps
    Tvs Apache Rr 310 Bi Led Twin Projector Headlamps
  • Tvs Apache Rr 310 Console
    Tvs Apache Rr 310 Console
  • Tvs Apache Rtr 200 Engine Cowl200
    Tvs Apache Rtr 200 Engine Cowl200
  • Tvs Apache Rtr 200 Aggressive Tank Cowl
    Tvs Apache Rtr 200 Aggressive Tank Cowl
  • Tvs Apache Rtr 200 Aerodynamic Claw Mirrors
    Tvs Apache Rtr 200 Aerodynamic Claw Mirrors
Be the first one to comment
Thanks for the comments.