Targa Telematics is a tech company that develops technological solutions in telematics, smart mobility and digital IoT platforms. It was ranked third in the latest Berg Insight Report for the numbers of connected vehicles amongst the companies supplying fleet management. The Report portrays the fleet management sector situation in Europe.
Thanks to its installed base of circa 415.000 units at the end of 2020, Targa Telematics significantly contributes to the development of this sector. According to the Berg Insight Report data, at the end of last year, the number of fleet management systems active on commercial vehicles in Europe was 11.5 million. This number is estimated to grow in the next years, reaching 22.5 million by 2025. Additionally, the total percentage of cars and public commercial vehicles is predicted to increase from 18.5% in 2020 to 34.5% in 2025.
Since nearly twenty years, Targa Telematics presents Fleet Management solutions to the B2B market through advanced digital platforms. These platforms link IoT devices; gather and analyse data; bring advantages to the users through the integration; and use of Big Data Analytics, Machine Learning and Artificial Intelligence. Thanks to the telematics and telemetric, Targa Telematics brings innovation to the mobility field for both company and rental fleets, promoting a sustainable transition to the electric mobility and efficient management of electric vehicles.
Alberto Falcione, Sales Vice President of Targa Telematics, commented: “A connected fleet enables the Fleet Manager to take efficient and timely decisions based on detailed data; improve the performance; as well as develop and introduce innovative services and products. These latter include shared mobility, corporate car sharing, and pay-per-use and multimodal models; and are increasingly becoming part of the offer for renters of their clients. Amongst the main objectives to manage a successful company fleet there is: improving operational efficiency and cost containment of expenditures such as fuel, maintenance and insurance policies; as well as providing security to people and means. One of our strengths is the ability to provide bespoke solutions based on our clients’ needs”.
In order to meet the market’s demands, Targa Telematics’ Fleet Management proposal is divided into two areas: Fleet Optimization and Asset Management. The former refers to the drivers and vehicles’ safety solutions, alongside monitoring the costs (such as fuel consumption and vehicles maintenance), efficiency (in the management of missions) and conformity (driving behavior analysis and speed limit warning).
The latter refers to ad hoc solutions for the vehicle management. This includes efficiency and safety, but in the context of the automation of maintenance, optimisation of operational processes and integration of electric vehicles. Additionally, it involves the implementation of dedicated services for safety reasons, such as alarms, automated alerts for the prevention of theft and the recovery of stolen vehicles.
ABOUT TARGA TELEMATICS
Targa Telematics is an IT company with 20-year of experience in connected vehicles. It provides technological solutions in telematics, smart mobility and digital IoT platforms for mobility operators. The company addresses short and long-term renters, large finance companies and large fleet with a range of services from insurance telematics to asset and fleet management, remote diagnostics and telemetry for vehicles, professional and construction-site vehicles, through to the management of airport service vehicles. Managing over half a million of connected asset, in 2020 Targa Telematics reported revenues of €40 million, 130 employees and more than 950 customers. For more information: www.targatelematics.com
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