Frost & Sullivan Lauds Miveo's End-to-end Solutions for Carsharing Operators in the European Market

LONDON, June 28, 2016 -- Based on its recent analysis of the vehicle sharing market, Frost & Sullivan recognises Miveo with the 2016 European Frost & Sullivan Award for Growth Excellence Leadership. As a pioneer in carsharing technology in Europe, Miveo has entrenched itself in the market and achieved success through constant technological advancements, effective services, flexible pricing models, and strategic partnerships. Today Miveo has connected more than 800 cars across 7 countries via 1.3 million bookings.

Miveo serves a wide customer base of carsharing operators, corporates, leasing companies, and car rental businesses. It has made available comprehensive solutions for launching new vehicle sharing services or leveraging current under-utilised vehicles for carsharing. In addition to smartcards and smartphones, the company offers front- and back-end solutions. It has set itself apart from the competition by providing real-time mobility platforms to fleet managers and tools for analysing usage patterns and vehicle availability.

Miveo's constant efforts to expand its services have resulted in the rollout of fleet management services. These fleet management services improve fleet allocation planning as well as support the company's environmental conservation goals.

"Acknowledging that effective fleet management is the key to revenue generation, Miveo presents clients with a customised vehicle allocation algorithm that greatly facilitates the interpretation of market data," said Frost & Sullivan Research Analyst Ankita Mukherji. "In 2014, Miveo launched a partner network for the fleet managers that are seeking a flexible mobility service for their fleets."

Apart from innovating its product line, Miveo has also focused on collaborating with companies that align with its vision. Its emphasis on environmental friendliness has prompted partnerships that accelerate the addition of electric cars to carsharing fleets. For instance, in 2015, Miveo signed a deal with Chargestorm to deliver efficient corporate fleet mobility solutions to its corporate customers. This partnership is expected to expand electro-mobility solutions.

One of Miveo's key innovations has been the conversion and integration of its software with the vehicle manufacturers' existing onboard systems, eliminating the need for aftersales equipment that help connect with carsharing fleets. The long shelf life of the technologies makes the hardware fit for use on a second car.

Miveo has displayed remarkable foresight in undertaking research and development in back-end technologies and integration with business models. It also offers flexible payment options and training to customers so that they can perform the installations themselves, a smart decision considering it is impossible for Miveo technicians to be onsite for each installation request from its global clientele.

"With Europe mandating all new cars to install telematics equipment by 2018, Miveo's vision of enabling basic carsharing services to complement telematics has proved a winning move," noted Mukherji. "The company has partnered with major original equipment manufacturers and board equipment providers to ensure a strong and diversified customer base."

Each year, Frost & Sullivan bestows this award upon the company that demonstrates excellence in growth and customer value. It recognises the superiority of the product/service as well as the overall customer, purchase, ownership, and service experience offered, which has resulted in the recipient company seeing above-market growth and greater share of wallet. The award lauds the growth, diversification, and sustainability strategies of the company.

Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Miveo

Miveo is a leading supplier of end-to-end solutions for car sharing including in vehicle equipment or on-board software, driver and operator interfaces, and a solid cloud-based backbone with booking, fleet management and reporting.

Miveo has more than 900 cars connected at customers in Europe and North America. Market leading commercial car-sharing operators, car rental, leasing and manufacturers, as well as large enterprises and municipalities use our products daily to run their car-sharing operations.
For more information, see www.miveo.se

About Frost & Sullivan

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Contact:

Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com

Mikael Jagelid
P: +46 (0)70 257 4472
E: mikael.jagelid@miveo.se

SOURCE Frost & Sullivan