Growing demand for highly connected vehicles sees Spark Minda Group flagship company ink technology pact with LocoNav for telematics software.
Minda Corporation, the flagship company of the Spark Minda Group, has signed a technology license agreement (TLA) with LocoNav for white-labelling of telematics software for both web and Android/iOS platforms.
Spark Minda will integrate LocoNav-developed software with its inhouse-developed telematic devices to provide OEMs with a complete solution, and customised to suit Indian OEMs. As its technology partner, LocoNav will provide Spark Minda with white labelled software, also assist in software customisations along with mobile application user interface.
Commenting on the TLA, Aakash Minda, Executive Director – Minda Corporation said, “Connectivity of vehicles is one of the major trends in the automotive industry and a complete telematics solution lies at the heart of this mega trend. We at Spark Minda have taken a step forward to provide Indian OEMs with locally developed telematics solutions (using locally made hardware and software), which would ensure 24/7 connectivity of the vehicles. We believe the partnership with LocoNav will help us strengthen our existing relationship with the leading OEMs by integrating LocoNav’s proprietary telematics software into Spark Minda devices making us a complete mobility solution provider. This will also help us expand our product portfolio with existing customers and acquire new customers.”
Shridhar Gupta, co-founder of LocoNav said, “We firmly believe that LocoNav software solutions and Spark Minda’s expertise in manufacturing telematics devices will bring in significant synergies for both the companies, making us a preferred choice for integrated Telematics services, especially suited for Indian markets.
Founded in 2015, LocoNav is an AI-driven full-stack technology company which provides its customers with telematics software, subscriptions and telematics devices including but not limited to global positioning system devices, dashcam devices and fuel sensor devices.
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