Through Ontario’s Autonomous Vehicle Innovation Network (AVIN), Pitstop and Fleet Complete have partnered to build an advanced AI-powered platform for predictive maintenance of vehicle components. The new solution will directly benefit commercial fleet operations, as well as the global supply chain and logistics industry.
(November 2, 2020 – Toronto, Canada) – Pitstop, a Toronto-based predictive vehicle maintenance platform, and Fleet Complete, a global leader in connected commercial vehicle technologies, have partnered through AVIN, led by Ontario Centres of Excellence (OCE), to build an advanced AI-powered platform for predictive maintenance of vehicle components.
The support through AVIN’s R&D Partnership Fund will inject meaningful capital into building an AI-based vehicle maintenance platform to benefit the automotive supply chain industry in Canada and globally.
The new vehicle diagnostics platform performs predictive analytics of parts and components, alerting to a potential breakdown before it happens and, as a result, increasing safety, maximizing the vehicle’s lifetime, and yielding significant financial savings.
Support from AVIN comprises $1 million, with a private sector investment of $2,016,000, for a total project value of $3,016,000.
“Ontario is pleased to support this project that harnesses the province’s strengths in Artificial Intelligence to improve the safety and competitiveness of industry supply chains,” said Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade. “Ontario’s Autonomous Vehicle Innovation Network connects the province’s world-leading automotive and technology sectors, high-quality post-secondary institutions, first-class talent, and regional infrastructure to support entrepreneurship, foster innovation, and strengthen the economy.”
“Equipment downtime is the leading cause of supply chain and logistics inefficiencies in North America,” says Tony Lourakis, CEO of Fleet Complete. “If a vehicle is not on the road, it’s not making money; moreover, there are shipment delays, chain of custody disruptions, and unhappy clients who may leave to a competitor. This makes maximizing vehicle uptime, safety, and utilization the focal point for all of the supply chain stakeholders. We are very proud to partner with Pitstop in building this robust, powerful, and scalable solution that will provide advanced brake and tire prognostics to commercial fleets to significantly reduce downtime and costs.”
Geared towards OEMs, automotive component suppliers (Tier 1s), and commercial fleets, the new AI-powered prediction platform will support the entire connected vehicle ecosystem in improving fleet efficiencies and mitigating maintenance costs through superior data insights. As these predictions are generated across hundreds of thousands of vehicles, the aggregated insights can be provided to component manufacturers to enable improvements to their parts and processes prior to commercialization.
Shiva Bhardwaj, CEO & Founder of Pitstop: “There is a massive paradigm shift happening in the automotive industry as companies are preparing for a connected and autonomous future. The partnership formed between Pitstop and Fleet Complete through AVIN will help bring thought leadership, technology, and jobs to our region, as this space starts to enter explosive growth.”
Pitstop is disrupting the automotive industry by “Predicting vehicle failures before they happen”. Pitstop has built a platform that delivers actionable insights through a powerful combination of telematics, data sources, cloud based proprietary algorithms, artificial intelligence and machine learning. This directly impacts enterprise customers, fleet managers, and vehicle owners by helping them understand and organize all of their maintenance needs allowing them to avoid repair costs and reduce downtime as well as better understand component level failures. For more information visit www.pitstopconnect.com
Head of Sales and Marketing – Pitstop
About Fleet Complete®
Fleet Complete is a leading global provider of connected vehicle technology, delivering mission-critical fleet, asset and mobile workforce management solutions. The company is servicing approximately 600,000 subscribers and over 40,000 businesses and government organizations in Canada, the U.S., Mexico, Australia, and across Europe. It maintains key distribution partnerships with AT&T in the U.S. and Mexico, TELUS and Rogers in Canada, Telstra in Australia, Telia in Denmark, Cosmote in Greece, and Deutsche Telekom (T-Mobile) in multiple European countries. Fleet Complete cultivates strong OEM partnerships with global market leaders, such as Cummins, Ford, General Motors, Mitsubishi Australia, and Toyota, among others. It remains one of the fastest-growing companies globally, having won numerous awards for innovation and growth. For more information, please visit fleetcomplete.com
EVP, Sales and Marketing, Fleet Complete