Transport technology firm Tranzaura has launched an industry-first AI-powered fleet intelligence software that it claims can reduce costs for transport and fleet companies and improve their operational efficiency by up to 30%.

FleetNow provides accurate and actionable intelligence in real-time, identifying where fleet managers can make data-driven decisions by tracking major expenses like fuel, vehicle maintenance, compliance and labour.

More specifically, the software can offer intelligence on usage, carbon savings, when a vehicle will need maintenance, and helping fleet managers identify, for example, how they can better manage their carbon emissions. 

Tranzaura is set to increase its workforce by 50% over the next 12 months, adding to its current headcount of 22 employees, to capitalise on the launch.

The fleet sector in Ireland is worth €3-5bn per year, according to industry data, and Tranzaura developed FleetNow to address long-standing challenges such as disconnected data and fragmented systems that inhibit decision-marking.

The total number of registered vehicles in Ireland is approximately 2.8m, around 700,000 or 25% of those vehicles are business or fleet vehicles, including delivery vans and heavy trucks operating in various industries across the country. 

At any given time, there are at least 100,000 commercial vehicles registered for fleet operations on Irish roads. 

Limerick-based Tranzaura has operations in Ireland, the UK and Australia and forecasts that FleetNow will deliver precise data on a fleet’s performance and outgoing costs up to 20-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.

FleetNow builds on Tranzaura's existing software, which is used by two-thirds of red buses in London, 36% of buses in England and fleet operators like Travis Perkins and East Riding of Yorkshire Council.

“Today's fleet operators are overwhelmed with technology options, each collecting a vast amount of data from various sources," said Shane Mann, CEO of Tranzaura..

"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.”

“Currently, fleet professionals spend hours upon hours each month manually pooling data across multiple disparate systems and spreadsheets attempting to spot trends and problems, manage costs and assess risks.

"In many cases, this leads to hours of work, unreliable data and money wasted.”

Photo: Shane Mann. (Pic: Supplied)