Fueloyal

Fueloyal is an IoT and connected vehicle platform provider headquartered in Chicago, Illinois. The company builds enterprise- and OEM-grade hardware together with a proprietary software analytics platform that collects, mines and transforms vehicle data. Its devices gather real-time data points from sources such as the engine control unit (ECU) and chassis, using connectivity including Bluetooth, Wi-Fi, LTE and GPS, and support edge computing in the vehicle.

The product set is organized as a configurable application platform with more than ten applications, positioned to let vehicle OEMs use and monetize connected vehicle data within 90 days. Applications include branded OEM connectivity and telematics platforms, live vehicle and asset tracking (geofencing, street view, speeding alerts, email and SMS alerts, detailed reporting), predictive maintenance built on machine learning for anomaly and fault detection, safety and driver-behaviour monitoring (safety ratings, report cards, speeding violations, harsh braking), and dual-facing AI dash cameras. The Fueloyal Mobile360 D700 AI Dash Cam uses dual 1080p front and interior-facing cameras with lane departure warning, forward collision warning, drowsiness monitoring and speed limit detection.

Fueloyal also offers Fuel Navigator, a fuel purchase optimization system aimed at carriers operating 50 or more trucks that buy a substantial share of fuel on the road. The system uses daily wholesale and retail pricing feeds, fuel card discounts, IFTA tax rates and routing data to instruct drivers when, where and how much fuel to buy, delivering plans automatically at dispatch via SMS and a web dashboard. A separate mobility-as-a-service line supplies OEMs with car- and ride-sharing platforms, free-floating car sharing, shared vehicle ownership models, remote cloud key vehicle access (also available through an SDK), and user management, payment and billing processing.

Business model

Fueloyal sells a combination of IoT telematics hardware and a cloud software platform to fleet operators and vehicle manufacturers. Engagements range from turnkey, white-labelled OEM connectivity, telematics and MaaS platforms — including native iOS and Android apps, web fleet-management applications and payment processing customized per client — to individual applications such as tracking, predictive maintenance, camera telematics and fuel purchase optimization. Devices are installed via a J1939 port, plug-and-play cable or hardwiring, and Fuel Navigator follows a staged 30-day deployment from device customization through live rollout.

Traction

The company states more than 1 million IoT devices deployed and customers in 16 countries, and describes powering thousands of fleets. For Fuel Navigator it cites average savings of 12 cents per gallon on a closed network and 20 cents per gallon on an open network, or roughly $250 per truck per month for over-the-road trucks.