An average heavy goods vehicle consumes £42,000 of fuel annually in the UK, and haulage companies operate on extremely tight margins, usually between 1-3%. This means fuel savings can have a huge effect on their profitability.
There are a number of products already on the market to improve the efficiency of haulage vehicles, however a lack of evidence of the fuel savings has limited their uptake. Angus’ start-up, Dynamon, combines big data from vehicles with dynamic modeling and statistics to provide hauliers with tailored recommendations on the products that will help them make the greatest savings.
Dynamon has three products: Advanced Telematics, the Fuel Saving Platform, and the Fuel Saving Calculator. Advanced Telematics utilises in-vehicle electronics, mathematical modelling and big data statistical methods to provide a detailed breakdown of fuel consumption in relation to a range of critical factors. It then identifies where the greatest efficiency improvements can be made.
The Fuel Saving Platform is an extension to Advanced Telematics, which recommends fuel saving products based on how a vehicle is consuming fuel and the likely return on investment for the haulier. The Fuel Saving Calculator is a web application for fuel saving product manufacturers to more accurately communicate potential fuel savings to customers.
Ahead of the commercial launch of its products, Dynamon is already working with Southampton City Council, First Group and Go South Coast to quantify the impact of fuel saving devices they are fitting to buses to improve city air quality, and a significant number of hauliers have expressed early interest in it products.
