Swift Ride Eliminates Fleet Theft and Saves Over $400k Annually with Geotab
Swift Ride uses Geotab Keyless, telematics and open API to run an autonomous gig-economy rental fleet, resulting in 95% utilization, zero thefts and $400K+ in annual savings
Swift Ride operates a fleet of 120 vehicles for drivers working with Uber, Lyft, DoorDash, Instacart, Amazon Flex and more, with a waitlist of over 3,000 drivers. Before adopting Geotab, the company faced several ongoing challenges with significant costs associated, including vehicle theft, manual key handoffs and payment delinquency.
By integrating Geotab Keyless, the GO9 device and Geotab's open API into a custom mobile app, Swift Ride built a fully autonomous rental workflow. Drivers now reserve, pay, unlock and drive entirely from their phones, with no staff required on-site. Geotab telematics powers preventative maintenance alerts, driver behavior monitoring and geofencing to automate return-to-lot workflows.
The results:
- Fleet utilization climbed from 70% to 95%
- Vehicle theft dropped from 15% of fleet to zero
- Theft by conversion costs reduced by
$180K annually - Payment delinquency fell to under 10%
- Geotab Roadside Assistance saved
$90,000 per year in towing fees
"Geotab helped solve our theft and logistics problems, and gave us the foundation to run an entirely autonomous business," said
"Swift Ride is a compelling example of what becomes possible when an innovative operator fully embraces the power of connected vehicle data," said
With this foundation in place, Swift Ride has expanded nationally across the
About Geotab
Geotab is a global leader in intelligent operations, video telematics and AI-powered insights. Trusted by more than 100,000 customers — from small and mid-size fleets to Fortune 500 enterprises and public-sector organizations, including the
View original content to download multimedia:https://www.prnewswire.com/news-releases/swift-ride-eliminates-fleet-theft-and-saves-over-400k-annually-with-geotab-302784530.html
SOURCE Geotab Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- WuXi XDC Delivers Strong First Half 2026 Performance, with Improving Margins and Profitability Further Strengthening Global ADC/XDC CRDMO Leadership
- Pay.com.au, Australia's Largest Business Rewards Platform, Raises US$28M to Launch in the U.S. as PayRewards
- Roundhill Investments Names Drew Pettit as Chief Investment Strategist
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share