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Sign upFuel and Emissions Management System
A fuel and emissions management tool for road freight carriers
- About Company
Fuel and Emissions Management System
A fuel and emissions management tool for road freight carriers
Label Date
August 17, 2020
By
Tracks GmbH
From
Germany
Maturity stage
TRL 9 / CRI 2 - Commercial Trial Small Scale
Road freight carriers are under strong economic pressure, operating at profit margins of roughly 3%. Fuel is a major cost factor, accounting for about 30% of operating costs. The importance of reducing fuel increases with rising fuel prices, climate change and the need for shippers to reduce the environmental impact of supply chains. Yet, fuel management today often only happens at the end of the month for reporting purposes. Measures to increase fuel efficiency are missed out as they are dispersed across different fleet activities. Tracks provides road freight carriers a fuel and emissions management tool to centrally measure, reduce and report the fuel consumption and CO2 emissions of their truck fleet. With Tracks' solution, fuel efficiency measures are identified through AI-based digital twins of every truck. In a fuel efficiency hub, fleets can implement recommendations to reduce fuel consumption across fleet activities.
The Environmental Benefits
- •Tracks first product version has the potential to save beyond 27 megatons (Mt) of CO2 in road freight transport globally by reducing the fuel consumption of road freight carriers by up to 15%
- •Tracks is hardware-free and uses existing telematics data
The Financial Benefits
- •Allows an immediate payback with an ROI of up to 1600%
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Company Profile
Tracks GmbH
We use AI for the road freight industry to reduce its environmental footprint, gain transparency and increase efficiency
Headquarters
12099 Berlin, Germany
Type
Startup or self-employed
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Tracks GmbH has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.