connected cars

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Lightfoot gets $4M to nudge more drivers to go smooth with a ‘Fitbit for cars’

U.K. car tech startup Lightfoot, which sells a telematics system that gives real-time feedback to drivers combined with a rewards platform to further incentivize good driving, has picked up £3.2 million (~$4M) from London-based early-stage venture fund BGF.

Former Dyson CEO Martin McCourt also contributed to the investment, and will join Lightfoot’s board as a non-executive chairman.

The startup has previously received grant funding from government-backed Innovate UK and later an innovate loan. But this looks to be their first tranche of VC. And a spokesperson confirmed it’s being treated as a Series A. A spokesperson has now told us it is actually a Series C.

Lightfoot’s telematics device, which it bills as a sort of “Fitbit for cars,” plugs into a vehicle’s onboard computer and rests on the dashboard — where the driver can easily see the visual cues it provides as they drive (using a traffic light color-coded feedback system).

The idea is to offer a more reciprocal alternative to traditional “blackbox” telematics systems, which just record driving data and don’t give the driver an opportunity to improve their driving.

Smoother driving is linked to reduced fuel consumption, lower emissions and a lower risk of accidents. So there are plenty of reasons why fleet owners — Lightfoot’s initial target for the tech — might want to encourage it.

On the driver side Lightfoot combines real-time feedback with a rewards platform that offers individual incentives, such as lower insurance premiums and deals-related discounts on things like restaurants, holidays, days away and retail.

It uses a gamification approach here, with a so-called “Elite Driver” status being needed to unlock rewards. A driving score of 85 percent is required to reach that status. Lightfoot says 80 percent of its users hit the mark and are able to remain there, while 97 percent achieve Elite Driver status “at some point.”

The company was launched in 2013 by entrepreneur Mark Roberts, and now has more than 20,000 drivers using the tech across more than 150 fleet clients — including Virgin Media, Dixons Carphone, Southern Water, Ecotricity, Greencore and Dyno Rod.

It’s opening up to individual motorists with a U.K. consumer launch today, and plans to expand the proposition globally being slated as “already underway.”

It says the new investment will be used to feed these growth plans, including ramping up hiring across the business.

Commenting in a statement, Ned Dorbin, BGF investor and new Lightfoot board member, said: “Lightfoot is a vibrant, smart and ambitious business with a first-class management team. After five years of operation, they have established a strong reputation in the market and developed a clear strategy for growth.”

“We’re on a mission to change the way people think about driving. And to make it fun again,” added Lightfoot’s founder and CEO, Mark Roberts, in another supporting statement. “We want everyone to enjoy the amazing benefits that smoother driving can have on their wallets and our planet.

“So far, we’ve created a community of Lightfoot drivers who are earning better deals for better driving – now, we’re excited to grow this with more like-minded motorists who believe good driving deserves rewarding.”

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IoT devices could be next customer data frontier

At the Adobe Summit this week in Las Vegas, the company introduced what could be the ultimate customer experience construct, a customer experience system of record that pulls in information, not just from Adobe tools, but wherever it lives. In many ways it marked a new period in the notion of customer experience management, putting it front and center of the marketing strategy.

Adobe was not alone, of course. Salesforce, with its three-headed monster, the sales, marketing and service clouds, was also thinking of a similar idea. In fact, they spent $6.5 billion dollars last week to buy MuleSoft to act as a data integration layer to access  customer information from across the enterprise software stack, whether on prem, in the cloud, or inside or outside of Salesforce. And they announced the Salesforce Integration Cloud this week to make use of their newest company.

As data collection takes center stage, we actually could be on the edge of yet another data revolution, one that could be more profound than even the web and mobile were before it. That is…the Internet of Things.

Here comes IoT

There are three main pieces to that IoT revolution at the moment from a consumer perspective. First of all, there is the smart speaker like the Amazon Echo or Google Home. These provide a way for humans to interact verbally with machines, a notion that is only now possible through the marriage of all this data, sheer (and cheap) compute power and the AI algorithms that fuel all of it.

Next, we have the idea of a connected car, one separate from the self-driving car. Much like the smart speaker, humans can interact with the car, to find directions and recommendations and that leaves a data trail in its wake. Finally we, have sensors like iBeacons sitting in stores, providing retailers with a world of information about a customer’s journey through the store — what they like or don’t like, what they pick up, what they try on and so forth.

There are very likely a host of other categories too, and all of this information is data that needs to be processed and understood just like any other signals coming from customers, but it also has unique characteristics around the volume and velocity of this data — it is truly big data with all of the issues inherent in processing that amount of data.

The means it needs to be ingested, digested and incorporated into that central customer record-keeping system to drive the content and experiences you need to create to keep your customers happy — or so the marketing software companies tell us, at least. (We also need to consider the privacy implications of such a record, but that is the subject for another article.)

Building a better relationship

Regardless of the vendor, all of this is about understanding the customer better to provide a central data gathering system with the hope of giving people exactly what they want. We are no longer a generic mass of consumers. We are instead individuals with different needs, desires and requirements, and the best way to please us they say, is to understand us so well, that the brand can deliver the perfect experience at exactly the right moment.

Photo: Ron Miller

That involves listening to the digital signals we give off without even thinking about it. We carry mobile, connected computers in our pockets and they send out a variety of information about our whereabouts and what we are doing. Social media acts as a broadcast system that brands can tap into to better understand us (or so the story goes).

Part of what Adobe, Salesforce and others can deliver is a way to gather that information, pull it together into his uber record keeping system and apply a level of machine and learning and intelligence to help further the brand’s ultimate goals of serving a customer of one and delivering an efficient (and perhaps even pleasurable) experience.

Getting on board

At an Adobe Summit session this week on IoT (which I moderated), the audience was polled a couple of times. In one show of hands, they were asked how many owned a smart speaker and about three quarters indicated they owned at least one, but when asked how many were developing applications for these same devices only a handful of hands went up. This was in a room full of marketers, mind you.

Photo: Ron Miller

That suggests that there is a disconnect between usage and tools to take advantage of them. The same could be said for the other IoT data sources, the car and sensor tech, or any other connected consumer device. Just as we created a set of tools to capture and understand the data coming from mobile apps and the web, we need to create the same thing for all of these IoT sources.

That means coming up with creative ways to take advantage of another interaction (and data collection) point. This is an entirely new frontier with all of the opportunity involved in that, and that suggests startups and established companies alike need to be thinking about solutions to help companies do just that.

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Quick-charging battery startup StoreDot gets $60M on $500M valuation led by Daimler

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Cubic Telecom gets $46.5M to connect cars and other devices globally

 As automakers ramp up their connected car initiatives, a company that has built a solution to link vehicles up to mobile networks globally has raised a significant round of funding from a group of investors that includes Audi and Qualcomm.
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Carriers banking on cars to drive 5G, rev up a new growth engine

connected car Wander the flashy hall 3, where smartphone makers have traditionally bagged most of the prime carpet-space to show off their latest glass slabs, and you’ll find a sprawling Ford booth and a slew of parked cars being used as props by carriers and chip companies keen to flog the 5G future. Read More

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Otonomo raises $12 million to make data from connected cars useful

connected-car Even if self-driving cars aren’t part of our daily lives yet, vehicles are becoming internet-connected at a rapid pace. Gartner predicts that one-fifth of all autos on the road, and a great majority of new vehicles being produced worldwide, will have wireless network connectivity by 2020. Yet, few organizations have access to use the data generated by these vehicles today. That’s… Read More

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