Debut of new Hungarian startup

Analysis

Intelligent car service Vemoco is debuting in Hungary. The startup is offering devices with special sensors and GPS functions to help give drivers a safer and more efficient driving experience.

Vemoco offers services for both commercial and private drivers. The producer guarantees that drivers using the devices will save a significant amount of money as the technology helps in the optimization of the car. Keeping a history of the driver’s style, the users can learn how to drive in a way that is better for the car mechanically and also saves money.

Insurance companies like Posta Biztosító and Netrisk are offering special insurance conditions for users of the technology.

The device is part of the EU’s plan to make transportation more efficient and secure. Vemoco’s device is also compatible with so-called ‘eCall’ systems, which would automatically let rescue teams know about a possible accident.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Statistics