Connected driver solution provider DriveQuant and location tracking provider CROWDLOC are partnering to offer insurance companies and fleets a very innovative and affordable car tracking solution to fight car theft.

Globally, 7,257,321 motor vehicles were registered stolen in 2016, according to INTERPOL Stolen Motor Vehicle (SMV) database covering 126 countries.

“We are increasingly using bluetooth beacons in our eco-driving, coaching and safety solutions to couple a smartphone to a vehicle. Also these devices bring more value to our clients and allow us to offer new functionalities“ explained Philippe Moulin, CEO of DriveQuant. “As such there is an opportunity to leverage the presence of Bluetooth beacons in vehicles to offer additional services. This is what we want to do with CROWDLOC.

“Using the Bluetooth beacons and integrating our software development kit (SDK) in the mobile applications of DriveQuant and other CROWDLOC partners in a collaborative way, our technology allow to offer end users, insurance companies, and fleet managers the location tracking of vehicles at a very affordable cost,“ added Ludovic Privat, CEO of CROWDLOC.

Car theft is a serious issue in Europe and in the rest of the world. In France alone, where the two companies are headquartered, 108,000 cars where stolen in 2016. The average cost for the insurer was €3,075 per stolen vehicle (2015 data -source: Fédération Française de l’Assurance).

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