Cartrack shares plans for R&D centre in Singapore

Source: Cartrack website.

Cartrack, which provides fleet management solutions, insurance telematics, vehicle tracking and recovery, has announced that it is expanding in Asia.

The company sees a opportunity in the growing number of vehicles and the developing telematics market. Using the existing office in Singapore as a hub, new offices in Malaysia, Indonesia, Thailand, Philippines and Hong Kong were opened this year.

More than half of Cartrack’s business now comes from fleet management, as opposed to stolen vehicle recovery. Evert Ong, CEO of Cartrack Singapore said: “There is considerable growth coming from small and medium sized businesses and large organisations looking to optimise their fleet and workforce.”

Overall, global subscriber base grew by 24 percent to more than 430,000. This growth comprised a 196% increase in fleet management subscribers and a 35% increase in stolen vehicle recovery subscribers.

Cartrack has also chosen Singapore as its hub for tackling the complex supply chain challenges in the Asia Pacific region, and will open a Research, Development (R&D) and Innovation centre in Singapore next.

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