The partnership between Lumi and MachinesTalk represents a significant step towards sustainable digital mobility in the transportation sector, leveraging advanced solutions such as IoT and AI to enhance traffic safety and maximize vehicle utilization.
H2 Lumi and MachinesTalk Sign SR28m Tech Agreement to Revolutionize Vehicle Sharing and Enable Digital Transformation
In a groundbreaking move towards revolutionizing vehicle sharing and enabling digital transformation, Lumi, a prominent car rental company, has inked a five-year SR28 million ($7.46 million) agreement with MachinesTalk, a leading IoT solutions provider in Saudi Arabia. This strategic collaboration aims to upgrade fleet management through cutting-edge technologies such as the Internet of Things and artificial intelligence, in partnership with the satellite-supported car sharing platform, AnyCar.
AnyCar is set to transform Lumi’s fleet into a digital sharing ecosystem, offering complete control over vehicles and an enhanced self-service experience for customers. This innovative platform guarantees maximum utilization of vehicles, enhances operational efficiency, and significantly improves the overall user experience. Furthermore, the collaboration enables the analysis of security situations and provides accurate information on vehicle movement, strategically designed to improve processes and ensure seamless operations.
Syed Azfar Shakeel, CEO of Lumi, expressed his commitment to leveraging advanced solutions that add excellent value for stakeholders, stating that the new technology agreement will draw on machine learning and the IoT to predict, identify, and monitor trends, enabling customers to achieve higher levels of cost efficiency and increased productivity across operations. Nawaaf Al-Shalani, CEO of MachinesTalk, also emphasized the significance of the partnership, aiming to promote IoT and AI in the transportation sector, facilitate digital transformation, enhance traffic safety, and provide valuable services to customers.
Lumi, which started its operations in 2006 as a sole proprietorship, has evolved into one of the leaders in the car rental sector, serving customers across various regions in Saudi Arabia. With 35 car rental branches, three vehicle maintenance centers, mobile workshops, and a used car sales showroom, Lumi provides individuals, companies, and governments with access to state-of-the-art transportation and leasing offerings, backed by digital channels.
The agreement between Lumi and MachinesTalk represents a significant step towards sustainable digital mobility in the transportation sector. By leveraging advanced technologies such as IoT and AI, this partnership is poised to revolutionize vehicle sharing, enhance traffic safety, and maximize vehicle utilization, ultimately leading to a more efficient and environmentally friendly transportation ecosystem.