Tranzaura, a leading transport technology firm, has today announced the launch of its AI-powered fleet intelligence software that will reduce costs for transport and fleet companies and improve their operational efficiency by up to 30%.

Shane Mann, Tranzaura CEO

Aimed at light and heavy commercial vehicles as well as public transport and specialist vehicles, the FleetNow software delivers cost and operational fleet intelligence in real-time to help transport and fleet management companies reduce operational costs like fuel, vehicle maintenance, compliance and labour.

The AI-powered FleetNow solution pinpoint how much expenditure is wasted and time lost, and highlights where companies can make savings.

FleetNow can pinpoint data around crucial factors such as fuel usage, carbon savings or when a vehicle will need maintenance.

FleetNow was developed by Tranzaura to address the longstanding industry challenge of disconnected data and fragmented systems that slow down and inhibit the decisions of the majority of transport and fleet management companies globally.

The Irish-headquartered firm, which has operations in the UK, Ireland and Australia, forecasts that FleetNow will deliver precise data on a fleet’s performance and outgoing costs up to 50 times faster than competing fleet management systems.

The software will save fleet professionals up to 80 hours in administration a month, according to Tranzaura, which expects demand for the software to reach at least 500 global fleets in its first year.

Shane Mann, Tranzaura CEO, said: “Today’s fleet operators are overwhelmed with technology options, each collecting a vast amount of data from various sources. While the potential for insights is immense, many fleet companies are struggling to make sense of it all. The problem is made worse by a patchwork of disconnected systems that don’t communicate effectively.”

“FleetNow is the first-of-its-kind solution to this massive industry-wide problem. It is a next-generation software that goes beyond traditional fleet management, which often focuses solely on siloed technology and digital processes. Instead, FleetNow combines the power of AI and connected data to drive operational efficiency and smarter decision-making.”

The new AI-powered intelligence enhances Tranzaura’s legacy, building on its existing software product that is presently used by 65% of the iconic red buses in London, 36% of all buses across England, and leading fleet operators such as Travis Perkins and East Riding of Yorkshire Council.

Driven by the success of FleetNow, Tranzaura says it’s on track for significant growth with plans to expand its workforce by 50% over the next 12 months, adding to its current headcount of 22 employees.