From humble beginnings, a team of 4 innovators have grown the RentalMatics telematics solution into a large team of experts in geolocation mapping, IoT, telematic capabilities, client operations and are now leaders in the digital transformation of car rental into new mobility.
Founded in Dublin, Ireland in 2016, RentalMatics is now a leading provider of fleet management solutions for the rental industry. This small visionary team within the car rental industry, who had been looking for an off-the-shelf IoT solution to solve some obvious problems around fraud, created it themselves. Thomas Brady alongside Colm Menton, then CEO of Europcar Ireland worked together to create the solution the industry needed and lacked by creating RentalMatics, a fleet telematics company.
RentalMatics is a software-as-a-service (Saas) solution that allows car rental companies to manage and track their global fleet in real-time. RentalMatics combines in-car telemetry with proprietary algorithms which are specifically designed for the car rental industry and generate proven returns. (Learn more about exactly what is telematics software)
The team brought RentalMatics to market, and it began as an insurance-based telematics product and has since expanded to specialize in the reduction of operational and fuel costs associated with running a rental company. It is now in use by key clients in Ireland, the US and Europe. Dedicated to improving the product and geolocation processes in real time RentalMatics partnered with the European Space Agency in 2020 to develop and improve telematics capabilities like satellite positioning (Galileo/GPS) for fleet tracking, GSM (2G, 3G, 4G and potentially 5G) for data transfer and on-board accelerometers to capture any collisions, events etc. a vehicle may have had while on-rent. Using a combination of AI, analytics, telematics and process automation to achieve this transformation RentalMatics are pioneers in this space.