Startup News Magazine

Intangles outlines major expansion goals for the year ahead

Aiming to clock a 5X  revenue growth in FY 23, the deep-tech mobility solutions provider also has ambitious plans to augment its presence across the Middle East and South-East Asia

Pune, June 06: On a mission to transform how operators in the mobility industry improve efficiencies by leveraging its proprietary Digital Twin technology, Intangles is a leading solutions provider for the mobility industry that has built the largest repository of repair strategies backed by the revolutionary Digital Twin and Machine Learning paradigms.

With a vision of becoming the de facto predictive vehicle health monitoring solution of OEMs globally, Intangles Lab Pvt Ltd has acquired its first customer in North America, where it has already set up an office this year. The deep tech pioneers are also collaborating with a renowned Oil & Gas giant and will be putting its ambitious expansion plans into action across lucrative international markets such as Europe, Australia, New Zealand, Turkey, Vietnam and Argentina. Moreover, Intangles also has ambitious plans to augment its presence across the Middle East and South-East Asia.

Across the Indian market, the company has gained traction from every level of the industry, be it small or medium scaled businesses to large OEMs. In the 11 countries (India, Australia, USA, Canada, Turkey, Vietnam, Belgium, UAE, Oman, Malaysia, and Indonesia) where it is currently functioning, Intangles has already onboarded 7 OEMs. Furthermore, the company boasts over 8,000 fleet operators on the platform. As of today, its platform integrates 60K+ assets across 11 countries. Onboarding approximately 500 fleet operators per month and wrangling a staggering 3 Billion sensory data points on a daily basis with some of the biggest brands in mobility already signed up as customers, Intangles expects an impressive 5X revenue growth in FY’23.

Speaking about the company’s plans, Mr. AnupPatil, CEO, of Intangles said, “We are delighted to have come this far. Riding on our unparalleled technology architecture and proficiency with revolutionary concepts like digital twins and Machine Learning, we have successfully carved a resounding legacy across the mobility industry in very little time. We have always looked at creating sustainable business value, not by burning investor money, but by creating customer-centric, value-driven technology that finds mass-market adoption organically. Now, we are aiming to outdo ourselves further by pursuing exciting opportunities across Europe, Australia, New Zealand, Argentina, and more.  We are confident that the future holds many more milestones and accolades for us as we continue to raise the bar and extend game-changing solutions to our customers across the globe.”

The company enjoys more than 8,000 fleet operators on its state-of-the-art vehicle health monitoring platform. Some big names amongst those include KM Trans Logistics, CJ Darcl, Kapoor Diesel, Purple, SRS Travels, V-Trans, Raman Roadways, Chartered, and many more. Its expansive enterprise partner ecosystem includes large technology enterprises, system integrators, and technology services and telematics companies. Some of its partners include Intel, Quectel, Linde, RedBus and many more. Its OEM customers include the likes of Mahindra Truck and Bus, Mahindra Construction Equipment,  Greaves Cotton, Blue Energy, and BPW, to name a few.