The electric vehicle market is expanding, and there is more to it than tailpipeless cars. Charged-up bicycles, scooters and motorcycles are catching on, too. CoModule's goal is to help manufacturers capitalize on this opportunity.
"The light electric vehicle manufacturers have serious problems with product development, validation and warranties," coModule said. Its technology promises longer-lasting, safer vehicles.
The company gathers data from each vehicle and stores it in the cloud. It expects analysis of this information to lead to new innovations. The data is also transmitted to users' smartphones, allowing them to check their location, monitor their battery and track their rides.
Currently, coModule is working with eight vehicle manufacturers in Europe and the U.S. As for Asia, it has its eye on Japanese companies such as Panasonic, Yamaha Motor and Shimano. "We would like to meet and discuss collaboration possibilities with them," coModule said.
The Pioneers Asia jury praised coModule for providing unique solutions for an underserved market.
CEO: Kristjan Maruste
Twenty-four finalists will be chosen for Pioneers Asia Challenge, the main competition for advanced-stage startups. The Nikkei Asian Review will feature three finalists each week; this is the second week of entries from Europe, which had an earlier deadline for entry than those from Asia. The two other categories of competition -- Pioneers 90 Seconds Pitch and Pioneers Showroom -- are for seed and earlier-stage startups.