ActiveScaler Closes First Strategic Funding Led by DENSO to Debut Managed MaaS
NEW YORK, Jan. 5, 2018 /PRNewswire/ -- Sumitomo Corporation of Americas (SCOA) announced today its investment in ActiveScaler Inc., a startup that develops Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence, alongside DENSO, a leading global automotive components manufacturer, as well as other strategic investors. ActiveScaler will use the investment to continue development and deployment of its Managed MaaS system for leading mobility operators and fleet service providers.
"We want to be the engine behind the future of MaaS – hence the term "Managed MaaS", which will transform current fleet businesses to provide next generation mobility services," said Abhay Jain, CEO of ActiveScaler. "Traditional fleet management services and systems are quickly becoming obsolete because of issues like high upfront software and hardware costs, poor ecosystem integration, and lack of flexibility, which are limiting the type and quality of services that can be offered."
With the increase in global demand for more scalable and efficient services for moving people and goods, ActiveScaler aims to be the leading provider of fully automated operations management for transportation businesses. We accelerate growth and simplify implementation with a modular set of components that enable mobility service providers to deploy solutions to meet their evolving business needs. ActiveScaler is working with a variety mobility providers offering services ranging from regional door-to-door plan, book and pay services with multiple transport modes, to comprehensive AI-based systems for managing fleets of autonomous vehicles and delivery trucks.
"Our new technology and fresh approach provides the ability to build end-to-end MaaS businesses featuring advanced analytics and automation, high security, and regulatory compliance while reducing environmental impact. This is essential for current as well as future businesses built around multi-mode transportation and autonomous vehicles," continued Abhay Jain, CEO of ActiveScaler.
"Sumitomo is a leader in global fleet management and supports its customers in efficiently transporting passenger and cargo from point A to point B, so we see real value in ActiveScaler's technology platform," said Sam Kato, Senior Vice President and General Manager of the Auto & Aerospace Group at SCOA. "We believe this technologywill aid the MaaS industry in optimizing fleet management efficiency and getting the best performance out of their vehicles. We look forward to supporting both ActiveScaler and the fleets by linking them together."
Currently operating in Asia with over 400 fleets and 35,000 vehicles under management, ActiveScaler's In-Motion™ platform is proven to be reliable and scalable while improving operational efficiency. Many types of fleets including taxi, limo, shuttles, busses, delivery and service vehicles and long-haul trucks are becoming part of the MaaS movement and making operational efficiency a priority.
The ActiveScaler founding team includes Abhay Jain CEO, Paul Gulati COO, Amit Jain CTO, and David Nagy CMO, bringing broad experience from companies like Apple, Cisco, Evernote, F5, Nuko, Seeing Machines, Verifone, and @Road.
About Sumitomo Corporation of Americas
About ActiveScaler Inc.
About DENSO Corporation
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SOURCE Sumitomo Corporation of Americas