iTrans Technologies
Vehicle Telematics has become a major game changer for automotive industry. As one gets complete real time information of fleet activities; insurers, car manufacturers, taxi aggregators, vehicle financing firms and end users have the advantage to control operational costs, fuel costs and consequently focus on customer services, productivity and on road safety. With millions of vehicles already in the hands of customers, automobile industry has the opportunity to track customers even after the sale of vehicles. However, there is less than two percent penetration of basic vehicle telematics in South Asia and other emerging markets. 
Providing Real time Analysis of Fleet activities on various OEM platforms
With primary motivation to incubate telematics across emerging markets, Bangalore based iTrans has designed and developed an IoT vertical application and easy to install gadget. This company integrates Telematics with different OEM platforms to measure Vehicle Health, Usage and driving behavior which is displayed via its customized dashboards on mobile phones and web portals. “Our ‘myIntelligentCar’ app enables vehicles to be connected to Internet all the time and provide possibility for various remote communications with various entities of automotive ecosystem,” says Ram Honnavalli, Co-founder and COO at iTrans.
The company was founded in 2009 and has international presence in Singapore along with its nerve centre at Bangalore. To assist vehicle insurers, iTrans leverages Usage Based Insurance (UBI) approach to determine premium amount. With UBI, customers are given options to choose distance slab and the corresponding premium. In addition, Insurers gain access to customized web portals to manage insurance activation, premium, deactivation, driver score analysis and re modeling insurance coverage. “Using our Telematics solutions, Insurers also empower policyholders to decide their policy premium, thus making policies more affordable which further results in increased compliance,” adds Honnavalli. On the other hand, car manufacturers gain valuable data insights on vehicle performance and have the ability to improve future products, while Car dealers improve customer relationships and gain their ability to cross sell.
As iTrans’ product is embedded into OBD port of any vehicle which is connected to the cloud, insurers are notified in real time to remind clients about top-ups and other services. Once the ignition of vehicle is turned on, different sensor data of IoT product is passed on to the cloud which is then analyzed in real time. “Well with Do-it-Yourself features of our products, iTrans have enabled customers to benefit on the go,” Honnavalli points out.
Bangalore based iTrans deals with telecom companies, fleet Operators, Taxi aggregators and car owners around features such as vehicle’s health, driving behavior, fraudulent claims and remote diagnostics. With 4 years of proven IoT Platform development capability; iTrans is ascertain to provide valuable insurance telematics solutions ahead. Co-founder and COO Mr Honnavalli perceive that customer relationship management and vehicle relationship management via Telematics systems will have significant potential for the automotive manufacturers and their dealers in near future.
Panel
iTrans is a finalist for the global TU-Automotive Awards under the category ‘Best Telematics Product and Solution for Emerging Markets’.
As iTrans’ product is embedded into OBD port of any vehicle which is connected to the cloud, insurers are notified in real time to remind clients about top-ups and other services. Once the ignition of vehicle is turned on, different sensor data of IoT product is passed on to the cloud which is then analyzed in real time. “Well with Do-it-Yourself features of our products, iTrans have enabled customers to benefit on the go,” Honnavalli points out.
Bangalore based iTrans deals with telecom companies, fleet Operators, Taxi aggregators and car owners around features such as vehicle’s health, driving behavior, fraudulent claims and remote diagnostics. With 4 years of proven IoT Platform development capability; iTrans is ascertain to provide valuable insurance telematics solutions ahead. Co-founder and COO Mr Honnavalli perceive that customer relationship management and vehicle relationship management via Telematics systems will have significant potential for the automotive manufacturers and their dealers in near future.
Panel
iTrans is a finalist for the global TU-Automotive Awards under the category ‘Best Telematics Product and Solution for Emerging Markets’.
