Risk hedging is important in the car rental industry. Theft, misuse, vehicle damage due to improper maintenance and many more problems surface when renting cars. Huge expenses are levied by companies in recovery and repair of the vehicles. Hence, minimization of risk involved in car rental enterprises most importantly constitutes safeguarding vehicles.
The IoTRL auto rental solution minimizes risk for the owners while simultaneously increasing the safety of their customers. Our Risk hedging solution provides intelligent GPS tracking services, which comes in handy for the fleet owners to check the real-time location of the rented-out cars, monitor the speed of the vehicles and check for any tampering of GPS device as well. We assist in providing safety to the customers renting a vehicle, by sending alerts in case of any accidents, or thefts.