With the advent of adoption, electric vehicle insurance and financing are now more expensive. EBG Matics data can be used by electric vehicles to determine which models are best suited for financing.
eBikeGo, an electric two-wheeled mobile platform, was acquired by technology company Kustard Technologies, a digital production and innovation studio, for $ 2 million. Kustard Technologies has grown in three years since its inception, expanding at a 60 percent profit margin before it was acquired. With this purchase, eBikeGo plans to build a Fleet Management System as Amazon, Flipcart, Big baskets and more. Helps remote inspections of EVs for preventive maintenance, such as vehicle health, motor, battery, control, etc.
Along with the acquisition, EBECO has expanded the team by recruiting 20 leading and talented developers from the EVT industry to contribute to production, design, innovation and UI and UX.
With the help of the newly acquired Kustard Technologies team, eBikeGo is already working to develop an IoT system that strengthens EBG Matics mobile devices. This results in smarter vessels that make India’s electric vehicle ecosystem more efficient. This device follows the formula 0.5 – 5 – 50 and 0.5 indicates that the vehicle must be repaired in the event of any breakdown or breakdown in the first half hour. And 50 indicates that the repair is only half the cost.
With the advent of adoption, electric vehicle insurance and financing are now more expensive. EBG Matics data can be used by electric vehicles to determine which models are best suited for financing. It also provides driver safety information to help insurance agencies improve their insurance policy.
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