Celebrating a Major Milestone: iTriangle and Volvo Eicher Form Strategic Joint Venture
At iTriangle, our journey began in 2009 with a vision to deliver innovative solutions that not only meet but exceed industry standards. Our commitment has always been to introduce products and services that make a significant positive impact on our customers and the industry as a whole. We have continuously strived to enhance safety, security, efficiency, and productivity in our domain. Additionally, we have worked alongside lawmakers to introduce mandates and standards aimed at improving road safety, saving lives, and increasing driving efficiency. Recognizing the crucial role that auto manufacturers play in achieving these goals, we have focused on creating a better driving ecosystem for the country.
We are thrilled to announce a major milestone in our journey: the signing of a Joint Venture (JV) agreement with VE Commercial Vehicles Ltd (VECV), a joint venture between the Volvo Group and Eicher Motors. This partnership is a significant validation of our mission and values at iTriangle. Through this JV, we will collaborate to build and develop advanced fleet management and mobility solutions that will benefit customers not only in India but also globally.
The Journey to Partnership
Since the inception of iTriangle, we have dedicated ourselves to providing cutting-edge telematics solutions. Our focus has always been on innovation and excellence. Over the years, our efforts have garnered the trust and support of our customers, partners, investors, and our dedicated team. This JV with VECV marks a new chapter in our journey, one that is filled with promise and potential.
The Vision of the Joint Venture
The JV between VECV and iTriangle is aimed at developing industry-leading telematics fleet management systems for VECV. These systems will be built on telematics hardware devices supplied by iTriangle, ensuring that they meet the highest standards of quality and performance. Our collaboration will focus on creating solutions that enhance the operational efficiency, safety, and productivity of fleet operations.
Strengthening the Ecosystem
VECV has led the way in digitalization and technology adoption within India’s transport sector. Their pioneering effort to achieve 100% connectivity over five years ago established a new industry standard. Today, every Eicher truck and bus is continuously monitored at their state-of-the-art Uptime Center, ensuring round-the-clock oversight. This comprehensive monitoring enhances operational efficiency and safety, providing a seamless experience for fleet management. Additionally, the MyEicher App empowers customers with unparalleled access to advanced fleet management systems. This app allows users to monitor their fleets in real time, optimizing productivity and reliability. Through these innovations, VECV not only improves vehicle performance and maintenance but also ensures that customers can manage their fleets with maximum efficiency. The combined efforts of continuous monitoring and cutting-edge app technology highlight VECV’s commitment to setting benchmarks in the industry, driving forward the digital transformation of transportation in India.
Leadership Perspectives
Vinod Aggarwal, MD & CEO of VECV, commented on the JV, stating, “Eicher took a lead to introduce 100% connectivity over five years ago. Since then, all Eicher Trucks and Buses are monitored 24X7X365 at our industry-leading Uptime Center. Through the MyEicher App, customers have unlimited access to advanced fleet management systems. The JV with iTriangle is the next step in this journey.”
Vadiraj Katti, MD, CEO & Co-Founder of iTriangle, added, “As a company focused on building advanced telematics and mobility solutions, our endeavor has always been to provide innovative offerings to our customers to make public and commercial transport safe and more productive. VECV has been a pioneer in India to drive digitalization and technology in the transport sector, and we are extremely excited to partner with them to develop and offer advanced Fleet Management Solutions to the industry.”
Looking Ahead
Embarking on this venture with VECV, we stay true to our values and vision, enhancing transport through innovative technology. We thank our customers, partners, investors, and team for their support. Together, we’ll drive innovation and excellence in telematics and fleet management, setting new industry benchmarks.