Commercial fleet operators lose 10s of millions of dollars each year in false fuel claims. This is where drivers claim money on fuel for business travel but don't actually do the travel. The current methods for tracking this are either using expensive and intrusive GPS tracking devices or paper log books.
DRVR has developed a solution for commercial fleet operators. Our service collects fuel expenses data either from fuel cards or via simple scanning of receipts. We use this data to identify actual fuel spend. DRVR uses AI to identify false claims.
Just rolling this out now with Ninja Van - 43,000 vehicles.
Last mile delivery
Problem or Opportunity
Across South East Asia Alone there are more than 8 million registered fleet vehicles not including motorcycles. Managing fuel for the drivers and vehicles is usually too much of a headache so company just estimate fuel spend and pay the drivers. This is costly and leads to poor outcomes.
Solution (product or service)
Microsoft have invested $30,000 in building out the back end infrastructure for this and Ninjavan have agreed to a paid for pilot.
Using paper log books
Advantages or differentiators
Cheaper and easier to roll out
Log books easy to cheat
Monthly recurring SaaS model based on number of apps/vehicles providing data.
Back end infrastructure required to run the service
SaaS - Monthly subscription per driver/vehicle of $3 per month.
Money will be spent on
Completing development and rolling out the product