New Delhi- Aeris tracked and recovered a stolen vehicle in less than 3 hours through Aeris Asset Assurance Platform. The platform helped RevFin Dealer M/S Lokesh Automobiles retrieve their stolen vehicle in Bihar, India.
On 15th December around 04.30 pm, a vehicle with Chassis No: Rev_M8EY4AL21HP000847 was reported stolen by RevFin Finance Dealer M/S Lokesh Automobiles to Aeris office. Aeris located the vehicle successfully on Aeris Asset Assurance Platform. The live tracking feature showed the movement of the vehicle in the Maheshi area of Bihar which was 50 km from the dealers’ location. The location was shared with the dealer, and using the platform’s immobilization feature, the vehicle was remotely immobilized immediately. The dealer’ staff could recover its vehicle, and within 3 hours the vehicle was brought back to the showroom.
About Partnership:
Aeris partnership with RevFin began in 2021 for EV projects with an investment of USD 15 million. Aeris Asset Assurance Platform has embedded EVs with its IoT solutions. The solution focuses on helping financial institutions to be able to track, lend and understand the utilization of movable assets.
However, this is not the first time Aeris technology has helped vehicle owners to keep their vehicle safe. Aeris AerTrak and Asset Assurance Platforms have exemplified the benefits of using IoT technology in retrieving an owner’s asset. It has also helped the police arrest wanted criminals who have been absconding for a long. Additionally, dealers, financiers and even insurance companies have benefited from the value proposition of using IoT solutions.
On the recovery of the stolen vehicle, Mr. Sameer Mahapatra, Vice President Sales & country Manager, India at Aeris Communications India Pvt. Ltd. said, “Aeris commitment to bring more affordable IoT solutions and services keeps us at the forefront of making vehicles truly connected, secure, and help promote green mobility. Today, we are the market leader in the IoT market for 2&3 electric vehicles segment.”
Sameer Aggarwal, the Founder and Chief Executive Officer, of Revfin, said “We are a leading fintech who has successfully executed financial inclusion in our loan business in 14 states with 559 Plus dealerships. Our deep expertise in technology helps us to underwrite financially excluded customers within 15 minutes. Aeris has been our trusted partner in this journey.”
Moreover, Aeris IoT solutions AerTrak technology helped retrieve a stolen electric scooter (eScooter) in Odisha. With India’s first IoT-based Connected eRickshaw solution, Aeris also successfully recovered multiple stolen eRickshaws in Delhi/NCR.
