FleetCarma Wins Deloitte Technology Green 15 Award

 In Inside FleetCarma

WATERLOO, ON, October 19, 2011 — FleetCarmaTM is a winner of the prestigious Deloitte Technology Green 15TM Award, an award created in 2007 to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology.

“The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society’s environmental impact,” said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. “Companies such as FleetCarma are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times. In doing so, they are helping position Canada as a global leader in the development of commercially viable green technology.”

FleetCarma’s CEO, Matt Stevens, credits his company’s unique Cloud-based solution for Predictive Total Cost of Ownership (TCO) in helping FleetCarma achieve “Technology Green 15™” award recognition.

TCO has the potential to save North American fleets $29 billion in financial costs, 6 billion litres of fuel, and 72 megatons of CO2 per year. However, many fleets have had difficulty adopting Conventional TCO because of the capital costs to implement it and the challenge to get accurate results. This challenge is further exacerbated when it comes to electric vehicles (EVs).  Notwithstanding the increase in and volatility of fuel prices, the wide variation in real-world fuel economy ratings of EVs has historically made it difficult for fleet managers to adopt Conventional TCO with confidence.

FleetCarmaTM provides fleet decision makers with the tools and information they need to understand when an EV is right for their particular application and how much it could reduce their costs and environmental impact. FleetCarmaTM provides fleet managers with data loggers on loan to collect real-world drive cycle data and uses this data within its well-established vehicle simulation models to provide highly reliable operational costs of electric vehicles for any fleet wanting to go green.

Stevens said, “Receiving the Deloitte Technology Green 15TM Award is an important milestone for FleetCarma. It puts the spotlight on the critical role a Green transportation sector can play in reducing greenhouse gas emissions and improving our air quality.  Fleet vehicles are also likely to serve as a gateway for EVs to establish critical mass and reduced acquisition costs for individual consumers through economies of scale.  One of FleetCarma’s goals is to help society make this transition to electric mobility through better decisions for companies’ bottom line and for the environment.”

About the Deloitte Technology Green 15TMThe Technology Green 15TM recognizes Canada’s leading GreenTech companies. GreenTech, the industry term for “green technologies”, is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth’s resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

About the Deloitte Technology Fast 50TMThe Deloitte Technology Fast 50TM program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards (Canada’s leading GreenTech companies that promote a more efficient use and re-use of the earth’s resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, Wellington Financial, TMX Group, HKMB Hub International, National Angel Capital Organization, CVCA, MaRS and IGLOO Software. For further information, visit www.fast50.ca.

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