VEMOCO users vote for safety

12th June 2014

Advanced security functions proved to be an even bigger success than expected, the majority of VEMOCO’s first customers chose the premium service plan.

Drivers run a certain amount of risk every day. According to the data of KSH (Hungarian Central Stastical Office) about 15 thousand road accidents happen each year, which results in 20 thousand injuries or even deaths. On the upside, these numbers show a slight but steady decrease each year, and mostly in the number of injuries, which is hardly surprising if we think about how the effectiveness of vehicle security and the use of certain safety tools and gadgets increased in the past few years. To put it simply, we are driving much safer vehicles today, than we did even ten years ago.


However until human interaction remains a key factor in driving, no one can fully avoid the possibility of accidents. Still, with correct preparation one can lower the risks significantly. Naturally it is important to minimize the accident risks, however the way the situation is handled when the trouble has already happened is just as relevant, lives can be at the stake depending on how fast help arrives. Although the Hungarian customer is almost always perceived as price sensitive, the first purchase statistics of VEMOCO shows otherwise, at least when it comes to safety. The first adapters of the VEMOCO service have chosen the slightly pricier premium plan, which includes 24 hour emergency E-call service and vehicle monitoring, instead of the basic plan. “I don’t think it happens too often in any kind of service that premium subscribers outweight basic ones, especially to such a large degree.” – says György Gombár, managing director of VEMOCO Telematics. “This also proves that despite the stereotypes, Hungarian drivers are very conscious, want to better themselves and hold safety in a very high regard. VEMOCO is a natural partner for them to achieve all that and more.”

Smart car – at a later stage, in Hungarian

Autó-Motor - Gergely Lővei, 6th June 2014

\"\"Driving tips? Emergency calls? Most cars can be taught to do it all with the device developed by the Hungarian company Vemoco.

Next year, all new vehicles sold in the EU must have an Emergency Call function – but there are many vehicles on the road that would not need to be adapted solely for this reason. This is where the device, developed by the Hungarian company Vemoco, steps into the picture. In addition to this eCall function, the device is able to do many other useful things as well.

In essence, there are two technical criteria that need to be met in order to use this on-board device (priced at HUF 29,900), which contains various sensors and a SIM card as well: an ODB-II diagnostic port and a smartphone or tablet. There is a good chance of the former being fitted in vehicles manufactured post-1996, and the latter is needed in order for the device to communicate with its user. For example, it can be programmed to send a warning to the owner when his vehicle leaves a specific geographical region – either he knows that somebody is using his car, or he needs to call the police.

\"\"The little black box monitors sudden acceleration, harsh braking and a number of other parameters en-route, and on the basis of the GPS signal it is even able to record any excessive speeding as well; with the help of this data, a complex algorithm calculates the Vemoco index, which is a percentage value. Calm driving can improve this figure, and, at the same time, can help to reduce both fuel consumption and wear and tear on the vehicle. On this basis, Posta Biztosító’s special comprehensive insurance premium can be reduced.

The Emergency Call function is one of the most important services provided by the Vemoco device. This is already included in the HUF 1700 per month basic package (this also includes the data supply fee valid within the EU). The HUF 2700 per month subscription also includes the telephone centre services, which is offered by the Magyar Autóklub (Hungarian Automobile Club). As the on-board device is collecting some of the drive data from the vehicle’s service portal, it goes without saying that it is also able to read the fault codes as well, which, in the event of a breakdown, are sent immediately to the Emergency Call Centre. The services are published in detail on the Vemoco website, and you can subscribe to the services via the Internet.

The Hungarian invention that's making vehicles smart

Bitport – Balázs Horváth, 5th June 2014

Until recently, the ability to use the valuable data generated by private vehicles was only a privilege of service centres. From now on, however, Hungarian drivers can also benefit from obtaining drive data. The service, launched today by Vemoco, consists of hardware connected to a special port fitted in the vehicle, with a smartphone or tablet app and a data processor unit working in the background.

Analysing data the smart way

Most vehicles manufactured since 2001 have the so-called ODB-II port. It is into this port – which is barely bigger than a matchbox – that the Vemoco diagnostic and tracking device needs to be connected. The IneTrack services use a similar device, but whilst this device primarily focuses on geographical location detection and tracking, the solution introduced today provides vehicle and driver protection by collecting and analysing data that is generated whilst driving.

Information on movement complements the data provided by the vehicle’s electronic system and on-board computer, which the subscriber can monitor on a web-based or mobile app. In addition to the basic indicators (mileage, average fuel consumption, total consumption, drive time) very detailed statistical data can also be obtained from the app, providing minute-by-minute drive dynamics (sudden braking, acceleration) and rev count information during a specific time period whilst driving, which can then help the driver to adopt a smarter and more economical driving style.

According to Vemoco and the representatives of its partner organisations (Posta Biztosító, Magyar Autóklub, Netrisk) Vemoco’s life-saving, theft-protection and safety technological functions are far more important than the analytical approach, because after a collision the connected device senses the emergency situation and automatically informs the authorities – and by the time the emergency call comes in, they already have the basic information necessary for the rescue. In order to operate this, Vemoco and the Magyar Autóklub operate a round-the-clock customer service system, meaning that the organisation can provide assistance not only in the event of a serious problem, but also when a minor fault occurs that affects driving.

Attention should be paid \"only\" to the percentage

\"\"The device and the data it produces will offer helpful guidance to drivers who are interested in cars and driving. But in addition, as Vemoco’s partner, the Posta Biztosító insurance company has designed a special comprehensive insurance package for its customers. On the basis of its own algorithms, the system determines a value for every customer on the scale of 1-100% – the higher the value, the more economically the customer is driving the car. Posta Biztosító takes this value into consideration when it enters into a contract with Vemoco customers. This behaviour-based insurance is a first in Hungary, and it is well worth paying attention to this percentage value – because the higher the value, the greater the reduction (even up to 40%) that the comprehensive insurance customers of this insurance company can expect.

Vemoco first introduced this service in Hungary, where the Company’s managers can already be smiling about the sale of ten thousand of these devices over the forthcoming year. But they regard the European and world markets as even more important and advantageous, and will soon launch the product for sale there as well. The Company is negotiating with many car manufacturers to convince them to integrate this device into vehicles during the manufacturing process and not just as a retrofitted device.

The tracker containing the Vodafone SIM card, the sensors and the GPS device can be purchased for HUF 30,000, and thereafter, a monthly fee of between HUF 1700 and HUF 2700 is payable depending on the subscription package chosen. The data is transferred to the Vemoco servers via the mobile network; however, the data transfer costs for this are already included in the price – even if the service is used abroad. Free apps to monitor the data can be downloaded onto iOS and Android devices.

Debut of new Hungarian startup

Biztosítási Szemle, 5th June 2014

The VEMOCO intelligent car service was first introduced with the support of Posta Biztosító (insurance company), Magyar Autóklub (Hungarian Automobile Club) and Netrisk (which provides the latest functionality for most vehicles on the road), and is opening the doors to unique, behaviour-based (UBI) insurance packages in Hungary. This innovation received the Eurocloud Special Award – Best Cloud Startup Idea.

\"\"

What is VEMOCO?

VEMOCO is an everyday version of a telematic device, which has been used successfully for many years, primarily by fleet managers in the field of B2B. The device, fitted with special sensors and GPS functionality, is connected to the vehicle’s ODB-II port, and, with the help of a smartphone or an online app, it transmits the data obtained from the on-board computer to the driver in a format which is tailored to everyday driving needs. The scope of the accessible functions is relatively wide, but first and foremost, by providing assistance to achieve more conscientious driving behaviour, it offers a safer and more cost-effective driving experience.

It is no secret that some of the VEMOCO services are already available in some of the latest vehicle models, although relatively few people can afford them. The only prerequisite for using VEMOCO is the ODB-II port, which, according to EU law, is available in almost all vehicles manufactured after 2001. According to the 2013 statistical data prepared by the Central Statistical Office, around 2.7 million cars are on the road in Hungary and their average age is 13 years. The potential target group is quite extensive, especially in view of the fact that a number of manufacturers have already introduced the ODB-II system well before the EU Directive came into force.

Drive better, pay less

VEMOCO has not been designed primarily for those who love cars, but for everyday drivers who would like to keep their absolutely necessary driving costs to a minimum. In order to achieve this, the system has extensive cost-optimisation functionality; in addition to up-to-the-minute information on the current technical condition of the vehicle, the user can obtain feedback on real-time fuel consumption as well, and, moreover, the device issues a warning about manoeuvres that can have a negative effect on fuel consumption. Drivers can learn about their usual driving mistakes by checking the drive performance log. By making a conscious effort to avoid these mistakes, the driver can achieve an annual fuel saving of 10%, not to mention increasing the vehicle’s service life if driven with greater care.

Extra-careful drivers do not just have the opportunity to save money on everyday maintenance costs. For the first time in Hungary, the insurance company Posta Biztosító, as VEMOCO’s partner, offers a vehicle insurance policy exclusively for VEMOCO users based on the driver’s driving behaviour. “It is a great achievement that we can provide a service first in Hungary – one which is only just recently starting to be introduced in markets that are more developed than ours. Our task is greatly assisted by the fact that we calculate the insurance premiums on actual and not on average risks, as it is the customer’s driving behaviour that determines the discount offered on the quarterly comprehensive insurance policy premium,” explains Anett Pandurics, President – Chief Executive of Posta Biztosító.

Netrisk.hu, a key player on the insurance policy market, can see significant opportunities in VEMOCO. According to the partner agreement, customers can purchase the service from the manufacturer’s webshop, via Posta Biztosító and also via netrisk.hu, and in the latter case either with or without a reduced insurance construction. “The support offered for the Hungarian introduction of the insurance telematic system, which is an expanding concept already proven in the West, clearly meets Netrisk’s innovative role. Our business model is based on customers’ awareness and, in light of this, it is clear that we are offering a tangible device for our customers that can assist this. We are proud to be able to participate in the market introduction of this modern service as an exclusive external partner,” explains Mr. László Sebestyén, Chief Executive of Netrisk.hu.

Safety is the added value

In a similar way to the ODB-II system, within a few years the European Union will adopt a directive that aims to increase driving safety. In the event of an accident, the so-called eCall systems automatically alert the relevant emergency services and direct them to the scene using precise GPS co-ordinates. Thanks to VEMOCO, you do not need to buy a new car just to be able to enjoy the increased security offered by this service. In co-operation with Magyar Autóklub, VEMOCO operates 24-hour customer services, which provide exactly these services, and, at the same time, it offers assistance not only in the case of serious accidents, but even in the event of minor problems that prevent the driver from driving the car. “Our performance is much higher because each time we obtain exact information about the fault, we know the tools and spare parts that our service engineers need to take with them,” explains Mr. Károly Lovas, Deputy President of Magyar Autóklub, about the benefits of the co-operation.

“During the development of this device, the main priority was to give everybody the chance to understand and be able to handle all the functions, and we paid special attention to this when we designed these apps. It is possible that not everybody can easily understand the meaning of each and every performance detail, but everybody will clearly see the possibilities of reducing maintenance costs as well as the actions that can be taken to solve the vehicle’s current problems,” explains Mr. Gábor Hegedüs, representing VEMOCO Telematics Kft.

“It is no secret that, following its Hungarian launch, VEMOCO wants to be present in other European countries as well. We are in advanced negotiations with a number of potential partners and all the results so far are very encouraging. We are not against any further co-operation in Hungary. At the same time, however, Posta Biztosító and Magyar Autóklub showed us the unquestionable flexibility and innovative approach that we expect from our partners,” adds Mr. György Gombár, Chief Executive of VEMOCO Telematics Kft. This, however, does not mean that Hungarian customers can only access a limited service when they cross the borders. Practically wherever they are in Europe, VEMOCO guarantees their safety, which is even more important now with the start of the summer season.

Hungarian Cloud Award 2014

EuroCloud Special Award for the Best Cloud Startup Idea: Vemoco Telematics Kft.

30th April 2014

Vemoco Telematics Kft. received the Special Award for the Best Cloud Startup Idea, designing cloud-based telematic services for private individuals, companies and government organisations. The purpose of the service, launched in May 2014, is to make driving safer and cheaper with the help of information obtained from vehicles. This solution offers, amongst other things, usage-based insurance cover, vehicle rescue, remote fault detection and other safety services for vehicle owners. The jury felt that the best part of the Vemoco invention was the fact that it is a cloud-based solution, which can have many financial benefits and offers a rapid financial return.

\"\"New Perspectives in IT Business

CeBIT 2014

Hannover, Germany, 10 to 14 March 2014

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We had a chance to present our VEMOCO service on the annual CeBIT exhibition in Hanover this year. With had two booths, one to present a live demo of our VEMOCO service and one to host customers and prospects interested in our brand new connected car service. This was a great success for VEMOCO with number of potential business leads from all over the world.

Without overestimating our cusses, even other exhibitors were also very much interested in our connected car service offers. We have got visitors from 3 continents / 23 countries, and inspired over 10 companies to discuss VEMOCO partnerships all over the world. We hope the results of these engagements will be fruitful soon, so stay tuned to read more from these new partnerships.

We had a successful daily drawing, so there are lot of winners now who can test or service with a basic service plan even before the commercial launch. We have cars now from Norway, till Middle-East using the service and giving us very valuable feedback in order to improve the customer experience of our solution.

Finally we would like to thank for all of our stakeholders who contributed to this success: colleges, our marketing agency, the event organisers and our subcontractors. We needed every stake holder's commitment and professionalism to make this happen.

Travelling in the cloud – Car connected to the net

“Figyel?” Newspaper – Mr. Gábor Halaska, 2nd January 2014

With a number of life-saving, safety- and cost-reducing functions, ASP Kft., a Hungarian company founded by IT managers, has changed the average car to become an online car of the future.

Mr. György Gombár, who trained at Motorola, Sun, HP and Teradata, established his mobile technology company at the turn of the century at the same time as carrying out his middle and senior management duties in these companies. ASP Kft. was the first company to offer genuine content for the three mobile service providers’ mobile internet portals and managed the service companies, offering ring tones, wallpaper images and Java games: In 2007, which was the peak year, the company was managing 2.5 million individual downloads from its own content management platform. Over the last few years, by following the significantly changed mobile internet behaviour, the company established its 4play online-mobil-SmartTV video service platform and other services based on it, such as the MTVA Teleteka.hu service.

In January 2011, at the Las Vegas CES Exhibition, György Gombár noticed an interesting device. This device, which was connected to the traditional service port (OBD port) was able to read the vehicle’s many hundreds of drive dynamics and other sensory data and forward them to a central server. The device got this experienced manager thinking, but when he discovered that the purchase price of this device was about 100,000 Hungarian Forint, he did not think that this idea was ready to become part of a more significant innovation.

However, plans for this innovative service were devised in 2012 – by taking into consideration car manufacturers’ trends – with the hope that the price of this device would start to drop. They were right – even before Christmas, it was possible to purchase the latest device at the retail price of 30,000 Hungarian Forint. And moreover, this device had far more functions than the one available at the beginning of 2011. However, the road to reach this far was difficult. When György attended another CES exhibition at the beginning of 2013, he was happy to see that many manufacturers offered this vehicle monitoring device to the public at an affordable price. They were manufactured in China, but none of the versions met his requirements. This was the time when he contacted his former boss, Gábor Hegedüs, who managed not only Sun Microsystems but also the Hungarian affiliate of HP; he spoke excellent Chinese and had contacts in China. So at the beginning of 2013, they travelled to this vast country and visited dozens of manufacturers, looking for the right quality product; by the end of their trip, they had found a professional partner. Since then their partner, who has signed an exclusive European co-operation agreement, has not just manufactured the right device, but is also prepared to manufacture this device, carefully designed by Hungarian engineers, in large quantities for ASP Kft.