Tantalum Corporation wins at TechXLR8 awards
Tantalum Corporation won the 'Innovation in Connected Services' award at the latest TechXLR8 awards. As a part of the famous London Tech Week, the awards recognise and celebrate excellence in innovation and disruptive technologies, with industry specialists acting as the judging panel.
Tantalum was recognised for its innovative Air.Car and Pay.Car platforms, which look to transform the connected car environment. Air.Car is a platform is a £2mn Innovate UK (Government’s innovation agency) and the Centre for Connected and Autonomous Vehicles funded project with Imperial College London. It is perfecting ground-breaking real-time NOx emissions estimation capabilities, which will give big business, government and local authorities the ability to drive down poisonous emissions. By implementing dynamic road charging based on actual vehicle emissions in a smarter, cheaper and fairer way, drivers will only pay as they pollute.
Pay.Car is the world’s first dedicated end-to-end billing, payment and data management platform for connected vehicles. It provides a robust, secure and scalable transaction platform to drive growth, adoption and monetisation of the ‘Connected Car.’ It offers the ability to store financial details securely, allowing the user to receive only one invoice encompassing all activity.
Ozgur Tohumcu, CEO at Tantalum, commented:
“We are delighted to have been recognised by the TechXLR8 awards in what is a very exciting time for the ‘Connected Car’ space and vehicle technology market as a whole. As a company, we feel our extensive product offering – with Air.Car and Pay.Car at the forefront – positions us well for continued growth. These are new additions to our already strong portfolio of vehicle-related services. Tantalum’s open platform provides services to consumers and businesses such as vehicle diagnostics, parking, automated insurance, roadside recovery, and accident management. Our approach to services co-creation allows us to grow with our partners. Air.Car and Pay.Car are just two new additions to our wide services portfolio as we continue to build the most innovative open marketplace for the aggregation and monetization of vehicle-related services.”
“The recognition of our Air.Car product is very timely, as the UK Government is due to take further action with its upcoming ‘Clean Air Bill’ in early July, aiming to reduce the 40,000 annual deaths linked to air pollution in the UK. Tantalum is extremely well positioned to address the required measures. Our Air.Car platform charges on the actual environmental impact of the individual vehicle and how it is being driven – a far cry from the blunt tools being utilised by government today. As the mega trend of urbanisation continues, Air.Car can be a truly global solution to the challenges being created by worsening air quality. We feel this award is another acknowledgement as to why we must be given the chance to lead this charge and implement a change that will ultimately save lives. 20-30% of all urban traffic is assessed to be traffic related. Pay.Car lets the car find and pay for its own parking whilst Air.Car teaches the driver to drive in a way that produces the least possible emissions and to pick routes away from sensitive areas such as schools. You can see how these two Tantalum products alone have the potential to change cities everywhere.”
Gareth Ragg, Producer of Connected Cars and Autonomous Vehicles Europe at TechXLR8, commented:
“Our winner of the Innovation in Connected Services award for 2017 was Tantalum. They offered an innovative real-time approach to both crucial industry and social challenges. The Air.Car project enables the reduction of vehicle emissions whilst offering a tangible ROI with significant savings demonstrated on key cost centres including fuel, insurance and maintenance.”
Disruptive Capital is the major stakeholder in Tantalum Corporation.
Read Tantalum's press release: https://www.tantalumcorporation.com/tantalum-wins-innovation-in-connected-services-recognition-at-techxlr8-awards/
More on Pay.Car: https://www.tantalumcorporation.com/pay-car/