Malaysia’s battery and automotive solutionist Advanced Accumulators has announced the launch of the region’s first Battery Subscription Program, to transform fleet efficiency and energy optimization across the region.
The firm said in a statement on last Thursday that in an era where businesses rely heavily on mobility and transportation, the unexpected downtime of fleet vehicles impacts both revenue and reputation.
Overall, vehicle downtime costs fleets $3.3 billion each year.
Advanced Accumulators is a joint venture between battery technologist VXI Crest, along with two of Malaysia’s largest independent automotive battery distributors, YSK Marketing and FJ Union.
Through this partnership, Advanced Accumulators optimizes energy management and leverages extensive industry expertise across Southeast Asia.
“We are integrating technologies such as borderless IoT SIM cards and GPS modules for visibility and connectivity to create an IoT-enabled smart starter battery,
“Our batteries are not just smarter, they make fleets more efficient and environmentally friendly,” said Dennis Yong, Co-Founder & Chief Executive Officer of VXI Crest.
According to him, the firm is the first in Malaysia and the region to introduce subscription-based connected batteries for commercial vehicles.
“Operators are guaranteed 100 percent battery uptime at the same ownership cost they would normally incur on replacing failed starter batteries,
“With our advanced battery and fleet system, we are redefining the battery’s role in fleet operations, making it a budgeted expense, versus what was traditionally a breakdown and unplanned expense,” he added.
It is noted that utilizing Lithium Ferrous Phosphate (LFP) technology, these smart starter batteries offer higher power, superior charge acceptance and store 200 to 400 percent more energy compared to lead-acid batteries, at less than half the weight.
“Fleet owners no longer need to worry about battery lifespans, as the batteries are leased, monitored and maintained by us,
“On the other hand, commercial vehicle owners can look forward to a guaranteed battery uptime as opposed to a 6-month warranty,” said YSK Marketing Founder Raymond Tee.
To further boost fleet efficiency and visibility, Advanced Accumulators said businesses can access the VxI Connect fleet management dashboard to view vehicles’ real-time fleet status, battery and vehicle health, maintenance schedules, vehicle usage patterns, route analysis and anomalies.
This also works seamlessly with its VxI Connect mobile app that gives the driver battery and vehicle visibility.
It is noted that the global fleet management technology market is projected to reach an estimated valuation of $30 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 12 percent from 2023 to 2030, driven by digital transformation initiatives across industries.
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