In China, 90% of new cars and transportation networks will soon be embedded with internet access, and several companies are accelerating this transition including; ThunderPower, Nio, and FutureMove. Of these, FutureMove is arguably the most interesting.
A Beijing based startup working on ‘connected vehicle networks’ for China’s urban centers, FutureMove is providing telematics and advanced analytics to a wide range of transportation entities including car manufacturers and public transport networks, FutureMove is combining on board telematics software with advanced analytics, to separate itself from other telematics providers.
To achieve this, FutureMove is currently targeting two key markets:
1) Electric vehicle and car sharing services:
The emergence of ride sharing platforms such as Uber and China’s equivalent Didi has been accompanied by a lesser known but equally important trend-rental car sharing. In fact, 37 rental car sharing companies with 30,000 EV (electric vehicles) now operate across 50 cities in China.
To meet this new industry, FutureMove has launched DreamMove, an EV monitoring platform that provides core functions for electric vehicle providers such as:
- Smart terminal vehicle control; to update available cars in service, optimise pickup times and match supply and demand.
- Location based processing of user queries through a mobile app.
- App for users to identify different mobility use cases.
- Demand prediction and scheduling management.
- Identify the optimal route given traffic and match supply demand and load re-balancing.
Ultimately, electric vehicles and urban mobility services have cemented their place in China’s future, not least with this month’s announcement that China will eliminate internal combustion engines by 2040.
2) Telematics platform:
The second arm of FutureMove is a wide telematics offering that provides car manufacturers with everything from vehicle performance data to driving behaviour analysis and route and distance data.
Of course, most car manufacturers including Ford, BMW and Citroen have developed their own telematics platforms. FutureMove has launched JoyMove, to provide telematics support products such as maintenance, upgrade delivery, redundant system support and ongoing testing for car manufacturers and mobility providers including governments and customized operation solutions for OEM. The JOYMove platform covers the entire life cycle from service launch, preparation to last operation.
CYBERMove is a Human Machine Interface (HMI) that presents navigation, real-time traffic, voice command, voice car status info, and e-call assistance functionality to drivers.
As cyber security will be a challenge for autonomous and semi-autonomous vehicles, FutureMove can enhance OEMs existing telematics solutions to maximize the security. Including private cloud.
In addition to JoyMove, FutureMove has launched CloudMove to help OEMs to launch added services. Furthermore, Audi have just announced a new ride sharing initiative in Chinese cities which is operating on Futuremove telematics platform for route optimization and car allocation.
Ultimately, as electric car sharing will rely heavily on telematics to deliver a credible alternative to public transportation and private cars, companies that can combine both telematics and analytics to enable demand prediction will play a crucial role.
Of course, the success of every startup ultimately lies in the quality of its team. In the case of FutureMove, this is made up of:
Founder – CEO John Wang
John founded FutureMove in 2015 having spent 20 years working on telematics at Microsoft China, with previous involvement in global telematics programs including QorosQloud, FAW Volkswagon, Ford Sync, Lincoln, Renault and Honda.
COO – Cai Tong
Cai is driving FutureMove’s hardware product line and telematics safety & security. He has Sun, Oracle and HP experience and has worked in system integration and IT service management.
Timon Tan – EVP – Telematics
Responsibe for FutureMove’s telematics operation. Timon led the implementation and operation management of BMW’s ConnectedDrive, QorosQloud, in addition to telematics efforts at Volvo and Jaguar Landrover.
CTO – Leon Yang
Leon is responsible for software development at FutureMove. FutureMove’s architecture spans both hardware and software and can integrates into OEM’s existing telematics software. At FutureMove, Leon oversees this crucial process and previously held roles at Oracle, Accenture, HP and Hitatchi.
Amid this convergence of urbanisation and connected mobility services, startups such as FutureMove are presenting a credible alternatives to ride sharing platforms, and providing a blueprint for insurers seeking to establish themselves in the new era of transportation.