Minda Corporation has announced Technology License Agreement (TLA) with LocoNav for white-labelling of Telematics Software for both Web & Android/iOS platforms on November 21, 2022.
Spark Minda will integrate LocoNav developed software with its inhouse developed telematic devices to provide OEMs with a complete solution. This exclusive collaboration will enable Spark Minda to be ahead of the technology curve with customized solutions to suit Indian OEM’s.
As part of the alliance, LocoNav will be the technology partner for telematic systems to Spark Minda and shall provide with white labelled software. LocoNav would also assist Spark Minda in software customizations and other support from time to time and provide mobile application user interface.
Commenting on the TLA, Minda Corporation Executive Director Aakash Minda 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.
Founded in 2015, LocoNav is an AI-driven full-stack technology company of Indian origin 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. The company holds expertise in integrated vehicle management with aim to make smooth fleet operations accessible to every business.
Commenting on the TLA, LocoNav Cofounder Shridhar Gupta said the company firmly believes 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.
The partnership is an excellent example of the potential of collaborations to drive the connected mobility ecosystem in India.
