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Founded Year

2017

Stage

Series A | Alive

Total Raised

$15.11M

Last Raised

$12M | 2 yrs ago

About Stratio Automotive

Stratio Automotive produces equipment, connected to the vehicle diagnostic interface, which collects data in real-time from all vehicle sensors and uses artificial intelligence to predict and identify failures before they happen, avoiding severe vehicle malfunctions and long stops for repair.

Headquarters Location

Rua Pedro Nunes Building D

Coimbra, 3030-199,

Portugal

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Expert Collections containing Stratio Automotive

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Stratio Automotive is included in 3 Expert Collections, including Auto Tech.

A

Auto Tech

2,531 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

S

Smart Cities

2,129 items

A

Artificial Intelligence

10,948 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

Latest Stratio Automotive News

SBS Transit to outfit its fleet of 3,500 buses with system that can predict faults by 2024

Jun 3, 2023

The public transport operator began installing the system in April 2022, and has outfitted nearly 1,000 buses. ST PHOTO: RYAN CHIONG https://str.sg/i35m SINGAPORE - By 2024, SBS Transit will complete the roll-out of a condition monitoring system that is able to predict faults before they happen on its fleet of 3,500 buses. When fully implemented, the system is expected to reduce the amount of repairs because of bus breakdowns by about 20 per cent, said an SBS Transit spokesman. He added that commuters would enjoy a more comfortable ride since the buses are more likely to be operating in their best condition. There would also be a lower chance of a bus breaking down while in service. The public transport operator began installing the system in April 2022, and has outfitted nearly 1,000 buses housed at the Bukit Batok, Hougang and Soon Lee depots with it. Modern buses have multiple sensors that feed information to their onboard computers, including data on the electrical circuits, braking system, fuel usage and how the engine is running. With the condition monitoring system, a box that is fitted in a nook beside the driver’s seat remotely relays the information going into the bus computers to back-end servers. The data is processed by Stratio Automotive, a Portuguese company that serves fleet operators in Europe, North America, Latin America and the Asia-Pacific region. Information from the buses in these regions provides the basis for the system to predict how components will perform. Alerts from the system will include a description of a symptom – for example, an irregular voltage reading – as well as the possible cause, like an alternator belt that is starting to stretch and is unable to charge up the electric system as effectively as it should. Buses with potentially faulty components will be called back for maintenance before the parts fail. Currently, on average 0.7 per cent of SBS Transit’s total fleet is called back to the workshop each day for repairs. The most common repairs are to the electrical and air systems. Bus technicians such as Mr Thandavarayan Balaji, 53, are able to see the real-time condition of buses in the fleet. He said this overview helps with planning the type of maintenance work, manpower and parts needed. Technicians can also give feedback to the system on how accurate it was in identifying the issue. This helps refine the software’s ability to predict faults. Technician Dev Avinash Sashikumar said the system also has a GPS tracking feature that helps the maintenance team save time locating buses in the depot. The device and its components laid out. It allows SBST to monitor the condition of components on its buses. ST PHOTO: RYAN CHIONG SBS Transit’s spokesman said the company can also potentially reduce wastage, like discarding brake pads or belts before they are actually worn, by replacing components based on their actual condition instead of relying only on the prescribed replacement interval provided by the bus manufacturer. More time is needed to work out the exact amount of savings after the system is fully implemented, he added. SBS Transit is working with Stratio to get more mileage from the technology by helping to develop the ability to predict faults with bus air-conditioning systems. The idea is for the system to pick up signals related to the air-conditioning system’s performance, which include the external and internal temperatures, as well as how effectively the system cools the bus to the targeted temperature. Mr Ang Soon Yeong, vice-president of bus engineering system and technology at SBS Transit, said the work started in 2022 and the company expects this feature to be fully operational by the second half of 2023. The system will help with planning and save time for technicians like Mr Thandavarayan Balaji (left) and Mr Dev Avinash Sashikuma. ST PHOTO: RYAN CHIONG He noted that failures related to the air-conditioning system rank among the top three leading causes of bus repairs. Being able to spot early signs of trouble to intervene would have a significant impact on operations and also improve commuters’ experience, he added. Condition monitoring systems are increasingly common among bus operators to keep their vehicles on the road. Many also see the potential of predictive maintenance to further improve their operational efficiency. Go-Ahead Singapore implemented its condition monitoring system in 2020 and rolled it out to its fleet of 400 buses. The company’s spokesman said that it is in the midst of developing a solution to better predict component faults before a breakdown occurs. Tower Transit installed its condition monitoring system in 2022, which helps technicians spot components and systems that require attention. The system will alert the operator to step in when readings exceed preset thresholds. Since February 2023, SMRT Buses has been conducting two tests with potential partners involving 30 buses of different makes and models to introduce condition monitoring and predictive maintenance capabilities, to improve its ability to use data to maintain its fleet. Mr Tan Kian Heong, managing director of SMRT Buses, said an open tender will be called after the remaining test is completed by the end of July. SMRT Buses plans to implement the system across its fleet by March 2024. More On This Topic

Stratio Automotive Frequently Asked Questions (FAQ)

  • When was Stratio Automotive founded?

    Stratio Automotive was founded in 2017.

  • Where is Stratio Automotive's headquarters?

    Stratio Automotive's headquarters is located at Rua Pedro Nunes, Coimbra.

  • What is Stratio Automotive's latest funding round?

    Stratio Automotive's latest funding round is Series A.

  • How much did Stratio Automotive raise?

    Stratio Automotive raised a total of $15.11M.

  • Who are the investors of Stratio Automotive?

    Investors of Stratio Automotive include Crane Venture Partners, Forestay Capital, LocalGlobe, Microsoft ScaleUp and IMPACT Accelerator.

  • Who are Stratio Automotive's competitors?

    Competitors of Stratio Automotive include Pitstop and 4 more.

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  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
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Compare Stratio Automotive to Competitors

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ReliaSol is a software platform that provides AI-based solutions for predictive and prescriptive maintenance. It uses deep learning algorithms and a computational architecture that minimizes machine failures and unplanned downtime and optimizes production processes based on advanced data analysis. It provides its services to factories and industries. It was founded in 2014 and is based in Krakow, Poland.

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