OTTAWA, ON, Nov. 17, 2022 (GLOBE NEWSWIRE) — BluWave-ai announces that version 2.0 of its BluWave-ai EV Fleet Orchestrator™ launches today with $1.7 million in co-financing support from FedDev Ontario. Now available, this software-as-a-service (SaaS) product supports vehicle fleet operators as they electrify their operations. These operators include local mass transit, last-mile delivery, airport ground support, corporate vehicle fleets and for revenue electric vehicle (EV) fleet operations such as taxis.
EV Fleet Orchestrator™ is built on BluWave-ai’s AI-based energy optimization platform and leverages its IP portfolio, reducing the total cost of operations and carbon footprint of fleet operations with battery-powered hybrid electric and fossil fuel vehicles running out of buildings, warehouses, or Regional networks of warehouses / hubs. The product manages direct operation of electric vehicle transportation systems, including vehicle operation and building/warehouse electricity usage management, including real-time market price management and maximum shaving targets.
The product also provides simulation of fleet operations to help plan and quantify capital assets such as number/types of chargers, numbers of electric vehicles, warehouse energy storage, and renewable domestic generation.
Effectively managing the operation and charging of electric vehicle fleets in real time is a very complex task, requiring the intelligent coordination of separate but interrelated systems. This includes building energy management, local generation and storage, and energy procurement, as well as meeting service levels and lead time requirements.
BluWave-ai EV Fleet Orchestrator™ optimizes energy costs in real time by integrating multiple fleet and energy operations parameters, providing comprehensive visibility and coordinated energy dispatch/freight control, scheduling and fixed energy assets. This optimization includes managing peak loads in warehouses to reduce network demand and capital infrastructure requirements. It integrates data from weather feeds, building electrical systems, electricity market rates, chargers, traffic, and vehicle telematics information, including vehicle charge status, location, speed, and range to empty. These datasets are sourced directly from and from historical processes that integrate with BluWave-ai Atlas to enable AI-ready EV fleet coordination.
“Over the past five years, BluWave-ai has been building here in Ottawa one of the world’s leading companies at the intersection of renewable energy, transportation electrification, decarbonization, data and artificial intelligence. We are leveraging the talents of Canadian AI researchers, and building Paul, CEO and Founder of BluWave-ai: “We see all the capital expenditures on EV fleets, but then the fleet operators let the EVs parked. They’re sending diesel miles to the road because they don’t quite understand when to charge and when to drive, with that 1.7 grant. With $1 million from the Federal Dave Ontario Reserve, we will be able to leverage the capabilities of our EV Fleet Orchestrator™ AI product with fleet operators in the Canadian, US, European and Indian markets.”
To date, BluWave-ai has completed analysis and simulation of Dubai taxi fleet operations which have shown an initial 13% reduction in emissions and energy costs as an example of the benefits to fleet operators. In addition to building a SaaS product, BluWave-ai has tested the technology in its OCPP-controlled live charger lab, “The Flight Test Center,” integrated with multiple shippers where features are tested and stabilized prior to live fleet operations.
FedDev Ontario is offering a repayable interest-free loan of $1.7 million as part of a larger $6 million project. This support supports testing, making BluWave-ai EV Fleet Orchestrator the highest stage ready to breed for multiple global markets. This will also create an additional 50 positions with private investor and corporate investor funding as part of BluWave-ai’s current Series A round.
The Honorable Mr. Philomena Tassi, Minister Responsible for the Federal Economic Development Agency for Southern Ontario, said. “Helping businesses innovate so they can increase their competitiveness and create quality jobs will continue to be a priority for our government. Investments like these ensure that tech hubs like Ottawa will continue to attract new investment and contribute to the growth of the economy.”
“The Ottawa tech industry has been at the forefront of transforming a variety of industries from telecoms to networking, to artificial intelligence and cloud-based software solutions,” said Michael Tremblay, President and CEO of Invest Ottawa. “With BluWave-ai, we are excited to lead a global energy transition that combines all of those skills Ottawa is known for and use them to influence the climate impact with renewable energy and electric vehicles. As the rest of the world plans for COP27, BluWave-ai has already put together many of the building blocks product core to drive the energy transition globally and leverage key local engineering talents located in our city.”
BluWave-ai offers five days of free world data and optimization services to qualified fleet operators who want infrastructure analysis, capital and operational planning for electric vehicle rides on a first-come, first-served basis. Contact firstname.lastname@example.org to apply for this offer.
Image 1: BluWave-ai EV Orchestrator launch powered by FedDev Ontario
Product raises patents granted and filed by USPTO, supported by $1.7 million co-investment from FedDev Ontario
This content was released by Newswire.com’s press release distribution service.