TempoGO raises $825,000 in seed round, adds IoT layer to its platform

TempoGO, the IoT and SaaS solutions for the transportation industry has a reason to cheer. K2 Capital of Hong Kong has seed funded the startup with USD 825,000. This integrated platform connecting vehicles, people and trips works on dramatically improving the productivity of a commercial fleet.

Born at Prototyze, the incubator that has catalyzed various other startups including Mobiefit, HandyTrain, Loan Singh, TempoGo solutions have been proven on 1,800+ inter-city trips in India covering 650,000+ kilometres, for 300+ clients including Bisleri, Oyo Rooms and Havells, over the past 12 months.

Designed for any company that own or operates a fleet of over 20 vehicles, TempGo is built to solve numerous problems the transportation sector faces today.

Says Vikas Goyal, owner of Shree Roadways, a 30-year old transportation company whose vehicles do over 6,000 long-distance trips annually, “A lot of fuel is wasted if the vehicle engine is ‘On’ when idle. Earlier, there was no way for us to remotely track the vehicle’s engine status. Now, with TempoGO’s solutions, we can do it within 30 seconds, reducing our fuel consumption by over 15%.”

Pranav Shirke, co-founder and COO of TempoGO is an engineer and MBA from IIM Calcutta who’s previously worked with Infosys, TCS and was the co-founder and CEO of a healthcare operations start-up. He says, “With the second-largest road network in the world, India has over 8 million commercial transportation vehicles that drive across the length of 4.7 million kms of roads. But unbelievably, nearly 75% of these do NOT yet leverage technology.”

TempoGO’s IoT layer includes a GPS-based hardware unit (including a built-in vehicle immobilizer) that tracks vehicle location and speed and a sensors-set (monitoring ‘Door-open’ and Temperature-variation status of the load-bay) plus an OBD 2 adapter to automatically record and transmit engine data as well as vehicle behaviour including sudden acceleration or deceleration. The SaaS layer includes Trip Management and Fleet Management software and a dashboard for actionable business intelligence using data analytics.

Aaditya Goyal, who heads Technology is a graduate of IIT Kharagpur, and was co-founder of last-mile urban transportation start-up Feedr and hyper-local delivery service BigZop. Aaditya comments “We are a unique combination of IoT sensors (GPS, temperature, door closing…) on the vehicle plus a SaaS platform. This allows simple answers to key questions: Is my driver driving dangerously or at high speeds? Or pilfering fuel? Is he adhering to pre-decided routes? What state is my cargo in? Did the temperature inside my cold-chain container vary? When should I take them in for maintenance? How can I reduce vehicle insurance premiums?”

Few of the clients of TempoGo include Freight transport companies, Cold-chain companies, Logistics Companies, Distribution companies with their own fleet of vehicles, bus or taxi operators, Corporate employee or School/College bus fleets.

Harshwardhan Raikar, Co Founder and CEO of Guarented says, “TempoGo helped us tremendously in real-time route planning and delivery scheduling to fight the Bangalore traffic. Our customer happiness index has improved dramatically since.”

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Srishti Deoras
Srishti Deoras

Srishti currently works as Content Strategist for Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.