Otto Car Reports a Cut in CO2 Emissions of 50,000 Tonnes Using Samsara

Rhea-AI Summary

Samsara (NYSE: IOT), the pioneer of the Connected Operations Cloud, has enabled Otto Car, Europe's largest provider of private hire vehicles, to accurately track and measure its sustainability progress. Using Samsara's fleet management solutions, Otto Car has proven a cut in CO2 emissions of 50,000 tonnes in just 12 months.

Otto Car can now access real-time data from its 5,600 vehicles (4,000 of which are electric) used by rideshare drivers in London. Samsara's technology provides critical insights on battery levels, driver miles, optimal routes, and idling time, helping Otto Car minimize its fleet's environmental impact.

Gurinder Dhillon, founder of Otto Car, emphasized the importance of sustainability in future business success, while Philip van der Wilt, SVP and GM EMEA at Samsara, highlighted how the Connected Operations Cloud enables fleet-based businesses to achieve sustainability goals while improving efficiency.

Positive

• Cut in CO2 emissions of 50,000 tonnes in 12 months
• Real-time data access for 5,600 vehicles, including 4,000 electric vehicles
• Improved fleet efficiency and sustainability through data-driven insights

Negative

• None.

Insights

Environmental Impact Analyst

Otto Car's reported 50,000-tonne CO2 emission reduction in just 12 months is a significant achievement, demonstrating the tangible impact of fleet electrification and data-driven optimization. With 7171% of their 5,600-vehicle fleet being electric, Otto Car is setting a strong example for sustainability in the private hire sector.

The use of Samsara's Connected Operations Cloud for real-time tracking of battery levels, driver miles and route optimization is important for maximizing the environmental benefits of EVs. This data-centric approach not only reduces emissions but also likely improves operational efficiency and cost-effectiveness.

For investors, this showcases Samsara's potential in the growing market for sustainability-focused fleet management solutions. As more companies prioritize emissions reduction, Samsara's technology could see increased demand, potentially driving growth in its $27.4 billion market cap. The partnership with Europe's largest private hire vehicle provider also strengthens Samsara's position in a key market.

Tech Industry Analyst

Samsara's role in Otto Car's sustainability success highlights the growing importance of IoT and data analytics in achieving environmental goals. The ability to provide granular, real-time data on fleet performance, including battery levels, driver behavior and route efficiency, demonstrates the practical applications of Samsara's Connected Operations Cloud.

This case study showcases Samsara's capability to deliver tangible value in a high-stakes urban environment, moving 75,000 people daily in London. It's a strong proof point for Samsara's technology, potentially opening doors to similar partnerships with other large-scale fleet operators globally.

For Samsara investors, this success story could translate to increased market confidence and potential revenue growth. The company's ability to quantify its impact on customers' sustainability goals positions it well in the competitive IoT and fleet management market, especially as environmental regulations tighten worldwide.

Samsara Connected Operations® Cloud enables private hire vehicle operator to accurately track and measure its sustainability progress for the first time

LONDON--(BUSINESS WIRE)-- Samsara (NYSE: IOT), the pioneer of the Connected Operations Cloud, has empowered Otto Car, Europe’s largest provider of private hire vehicles, to accurately track and measure its commitment to improving air quality. This has enabled Otto Car to prove a cut in CO2 emissions of 50,000 tonnes in just 12 months.

Using Samsara’s fleet management solutions, Otto can access accurate, real-time data from its 5,600 vehicles (4,000 of which are electric vehicles), used by rideshare drivers to move more than 75,000 people across London every day.

These critical insights are enabling Otto to minimise the environmental impact of its fleet by providing data on:

• The battery level and degradation rate for every vehicle
• The number of driver miles and hours spent on the road
• The best routes to shorten journeys and minimise idling

Gurinder Dhillon, founder of Otto Car, said: “The best businesses of the future will be the ones that are good for the planet and good for the people they serve. We’re not going to wait for the future to come to us, we’re going to lean into it, and Samsara’s technology is helping us achieve that goal. Samsara’s technology has played a crucial role in monitoring and optimising our fleet's performance, contributing to the success of our sustainability initiatives.”

Philip van der Wilt, SVP and GM EMEA at Samsara, stated: “Otto Car is showcasing how, through the Samsara Connected Operations Cloud, fleet-based businesses can deliver on their sustainability mission while improving efficiency. Visibility of its entire fleet has been crucial in capturing the data Otto Car needs to prove the positive impact its sustainability strategy is making.”

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About Samsara

Samsara is the pioneer of the Connected Operations™ Cloud, which is a platform that enables organisations that depend on physical operations to harness Internet of Things (IoT) data to develop actionable insights and improve their operations. Samsara operates in North America and Europe and serves tens of thousands of customers across a wide range of industries including transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, and food and beverage. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders.

About Otto Car

Otto Car is Europe’s largest provider of electric vehicles to private-hire drivers. We offer easy access to safe and sustainable cars with no credit-checks, so that everyone has the opportunity to improve their own life. Since 2015, Otto Car has helped over twenty thousand drivers to become their own boss.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241015367735/en/

Media contact

Saheena Dhanda / Henry Soundy

samsara@wildfirepr.com

Source: Samsara

FAQ

How much did Otto Car reduce its CO2 emissions using Samsara's technology?

Otto Car reduced its CO2 emissions by 50,000 tonnes in just 12 months using Samsara's Connected Operations Cloud technology.

What data does Samsara (NYSE: IOT) provide to Otto Car for fleet management?

Samsara provides Otto Car with real-time data on battery levels, driver miles, optimal routes, and idling time for its 5,600 vehicles, including 4,000 electric vehicles.

How many electric vehicles does Otto Car have in its fleet?

Otto Car has 4,000 electric vehicles in its fleet of 5,600 total vehicles.

What is the main benefit Otto Car gained from using Samsara's technology?

The main benefit Otto Car gained from using Samsara's technology is the ability to accurately track and measure its sustainability progress, enabling it to prove significant CO2 emission reductions.