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Like to know about the business model, profitability, strategy and the enhancement plan in the future of NAUTO, Lytx and i4drive. Please answer questions 8-14 for all three companies.
Hi, thanks for your question to Wonder requesting information about the business model, profitability, strategy and enhancement plans in the future for the companies NAUTO, Lytx and i4drive.
The most useful sources to answer your query in addition to each companies main website are the sites Random Research, PR Newswire and Businesswire. In answering the questions 8-14 of the attached spreadsheet, the research shows that Nauto uses a web-based interface that has an an initial cost of $399, although the company does not provide customer support as a primary feature. Lytx employs a web-based system, with iOS and Android apps. They also provide online self-guided support database, phone support, and email support. Using colected data from vehicles, Lytx plans to provide coaching programs through analytics and monitoring. i4drive is seen as a game-changer in telematic insurance, providing multi-layered safety and analytics solutions that can be used by almost every driver worldwide.
In addition to the spreadsheet, please find supporting information below.
METHODOLOGY
After searching extensively through their website, news outlets, and market reports, very little information was publicly available for i4Drive. This is likely because they are a relatively new company that was only founded in 2014. The company is still acquiring funding to advance their technology and their website is still being worked on. For all companies, revenue from telematics insurance was unavailable or undisclosed. The research showed that the main goals of companies like Nauto, Lytx, and i4Drive is to reduce collisions and accidents through analyzing live data while professional drivers are on the road. According to Businesswire, both Toyota and BMW are among the major players in autonomous driving features. Both partnered with Nauto in 2016.
THE COMPANIES
A cloud-based platform, Nauto has a web-based UI that can be accessed via mobile and desktop. Nauto is being used by individuals, enterprises, and cities to develop safer driving and advance autonomous driving technology.
A web-based platform, Lytx works with over 650,000 drivers across the globe and is primarily intends to coach drivers on bettering their driving habits. Their primary product is the Lytx DriveCam which monitors fleet and individual drivers and analyzes their safe practices.
Cost: Pricing unavailable online, but contact information is available. i4Drive partnered with Ricoh Company, Ltd in 2016. The Japanese company partnered with the Israeli ADAS software provider "as part of the pan-Israel Cooperation Program which is supported by NEDO (New Energy and Industrial Technology Development Organization in Japan) and OCS (Office of the Chief Scientist of Israel)."
SUMMARY
To wrap it up, the attached spreadsheet endeavors to offer publicly available information to questions 8-14, in order to provide answers regarding the business model, profitability, strategy and the future enhancement plans of the companies Nauto, Lytx and i4drive. Research shows that there are major players such as Toyota and BMW investing in these smaller companies and there exists great potential in this technological field.
Thank you for your question to Wonder. Please let us know if we can assist you with anything else.