Fleet Complete & Pitstop Bring Artificial Intelligence to Predictive Fleet Maintenance.
TORONTO – Fleet Complete® (a global provider of telematics technologies and solutions for business fleets, assets, and mobile workforce) and Pitstop (Toronto-based predictive analytics platform for automotive assets) announced today the successful demonstration of a collaboration that provides predictive maintenance diagnostics for vehicle components, powered by Artificial Intelligence (AI).
Offering commercial fleets AI-driven vehicle prognostics and maintenance means providing fleet managers with more predictive data, allowing them to dramatically minimize unexpected vehicle downtime and the associated business costs. Better pollution management and stricter fleet safety regulations are also advantages.
Predictive analytics of parts and components such as brakes, tires, and engines has been demonstrated as part of the partnership, warning of probable faults before they occur. This capacity is predicted to boost vehicle uptime by up to 25%, resulting in annual savings of up to $2,000 per vehicle.
“We are very proud to have gained a long-term partner like Pitstop from this project, building a great analytics platform that will have an immense impact on fleets. Vehicle downtime has a ripple effect on the entire supply chain and logistics ecosystem,” says Tony Lourakis, CEO of Fleet Complete. “Downtime causes shipment delays and chain of custody disruptions, alongside all of the expensive repairs, especially when not anticipated. This is why maximizing vehicle uptime and safety for commercial fleets is critical for the industry as a whole.”
Shiva Bhardwaj, CEO & Founder of Pitstop: “We are experiencing the biggest change in the transportation industry in the past 100 years. Vehicle electrification, connected vehicles, same-day delivery logistics, and shared mobility are changing the way people access goods and services. It is inevitable for AI to be used to optimize fleet efficiency, which is what we have accomplished here with Fleet Complete. This innovation of deploying prognostics to any vehicle type across all major components is an incredible technical feat. It will be core to the future of mobility – the way we move people and goods.”
Fleet Complete and Pitstop collaborated in 2020 through the Ontario Vehicle Innovation Network (OVIN), which is led by the Ontario Centre of Innovation (OCI). With a total investment of CAD $3.016 million, including $2.016 million from project partners and $1 million from OVIN’s R&D Partnership Fund, the initiative aims to help the automotive supply chain industry in Canada and around the world.
“Ontario is a global leader in artificial intelligence,” said Vic Fedeli, Ontario Minister of Economic Development, Job Creation, and Trade. “Through the Ontario Vehicle Innovation Network, our government will continue to support collaborations like this one that showcases Ontario talent and innovative made-in-Ontario solutions that drive real economic growth across the province.”
“New transportation technologies have the potential to make the delivery of essential goods that millions of Ontarians rely on more efficient and affordable. Our government is proud to support Fleet Complete and Pitstop as they work together to explore and implement AI technology for commercial fleets,” said Caroline Mulroney, Ontario Minister of Transportation.
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 over 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 ConMet, 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.