Roadcast and AMU promote EV Leasing With GPS technology

Roadcast and Accelerated Money for U (AMU) have entered into a new partnership that will allow the use of the Roadcast advanced GPS technology in the e-rickshaw financed by AMU. The partnership aims to promote the growth of the EV market in Tier 2 and Tier 3 cities.

The new advanced GPS technology from Roadcast will help the AMU to track and identify the nonperforming e-rickshaws and their owners. The technology from Roadcast will also provide analytics details about the performance of original equipment manufacturers (OEMs) allowing AMU to make correct decisions.  

Rahul Mehra, co-founder of Roadcast, stated 'Our partnership with AMU allows us to significantly enhance public access to advanced, connected EVs. 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 and Managing Director of AMU, added 'This collaboration will first and foremost help us identify vehicles at risk of default early on. This will allow us to intervene effectively and streamline our fund allocation process. 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 enhance security and reliability through efficient EV and UAV operations.'