The Japan Automobile Federation (JAF), under the leadership of President Masayoshi Sakaguchi, has launched an "Upcycling Project" aimed at transforming used roadside assistance uniforms into new, functional products through crowdfunding. This initiative is set to run from Wednesday, July 10, to Friday, August 30.

JAF road service uniforms are usually discarded after a certain period due to safety and visibility considerations.

Traditionally, these uniforms are recycled into fiber materials such as felt. However, this project aims to upcycle the uniforms into new items, leveraging the durability of the fabrics and their distinctive orange color. These new products will be designed in collaboration with the tote bag specialty brand "ROOTOTE" and handcrafted by domestic artisans.

This initiative seeks to raise environmental awareness by creating new value from discarded materials. Examples of the upcycled products include large and small tote bags, umbrella cases, small cases, and tissue box covers.

Supporters can contribute to the crowdfunding campaign, which runs from July 10 to August 30, 2024. Detailed information is available on the JAF Upcycling Project page and the Readyfor crowdfunding page.

Upcycling differs from recycling in that it repurposes materials as they are, minimising the energy required and reducing the environmental burden. ROOTOTE, known for its "Fun Outing!" concept, brings its expertise in tote bags to this innovative project.

 

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MPT Mobility x AACI x Laus Group

MPT Mobility, a mobility solutions company, teams up with LausGroup of Companies, a multi-brand automotive network, to launch LausGroup CARES (Customer Assistance for Roadside Emergency Services).

LausGroup CARES is a comprehensive roadside assistance program designed to support eligible new vehicle owners and Corporate Guarantee Motor Insurance policyholders. Services include Assist and Assistance Concept Inc.’s (AACI) 24/7 Alarm Center Assistance of MPT Mobility, nationwide emergency towing, onsite repairs, cashless assistance on expressways, and crane services for vehicle retrieval.

“Our collaboration with LausGroup allows us to extend high-quality roadside assistance services to more Filipino motorists,” said Ronald Carillo, head of AACI. Our goal is to provide immediate and effective support during emergencies, enhancing the overall safety and driving experience for all new LausGroup vehicle owners and Corporate Guarantee policyholders.”

According to MPT Mobility, it hopes to make motorists’ lives much easier than before by integrating digital services with responsive customer assistance for a seamless and secure travel experience. LausGroup, celebrating over 45 years of operations with multiple dealerships across Metro Manila, Central, and Northern Luzon.

Eligible new vehicle owners from participating LausAutoGroup dealerships and Corporate Guarantee Motor Insurance policyholders can avail themselves of roadside assistance benefits valued up to P32,500.00 for one year, at no additional cost.

As the number of motorists increases, the demand for reliable roadside assistance grows. MPT Mobility’s expanding suite of smart mobility solutions, together with AACI’s expertise, aims to ensure motorists have the safety and security they need to reach their destinations. This partnership reinforces MPT Mobility’s leadership in the mobility sector and underscores LausGroup’s dedication to its customers.

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Sponsored by Beep One

Help Is Just A Tap Away

If you’re a professional truck driver, you know that breakdowns and maintenance issues can throw a wrench in your schedule and cost you valuable time and money. That’s why we’re excited to introduce Beep One, the ultimate mobile app designed to streamline roadside assistance and get you back on the road faster than ever.

How Beep One Works

With Beep One, you can create a request for roadside assistance directly through the app whenever you face a breakdown or maintenance issue. Instantly, mechanics and handymen in your area receive a notification and can respond with their offers. You can then choose the best option based on price, proximity, and reviews, ensuring you get the service you need quickly and efficiently.

Why Choose Beep One?

Save Time and Money

Instant Connections: Quickly connect with nearby mechanics and service providers.

Competitive Pricing: Compare offers and choose the most cost-effective solution.

Real-Time Updates: Stay informed about the status of your repairs.

Enhanced Safety and Reliability

Verified Providers: Access a network of verified and trusted mechanics.

24/7 Availability: Get help whenever and wherever you need it.

User-Friendly Experience

Easy to Use: Simple, intuitive interface designed for truck drivers.

Comprehensive Support: Access preventive maintenance scheduling and service history tracking.

Exclusive Offer for CDLLIFE Readers

We’re excited to offer an exclusive deal for CDLLIFE readers! Download the Beep One app today and enjoy the first month free (regularly $35/month). 

Download Beep One now and take control of your roadside assistance needs. Click the link below to get started:

Download Beep One (App Store)
Download Beep One (Google Play)

Beyond roadside assistance, Beep One offers a community of support for truck drivers. Get access to tips, industry news, and a network of fellow drivers who understand the challenges of life on the road.

Need more reasons to join Beep One?

Preventive Maintenance Reminders: Keep your truck in top condition and avoid unexpected breakdowns.

Service History Tracking: Maintain a detailed record of all your repairs and maintenance.

Exclusive Discounts: Enjoy special offers from our network of service providers.

Learn More

Take the hassle out of roadside assistance and keep your journey smooth with Beep One. Download the app today and experience the difference!

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MPT Mobility, the pioneer in smart urban mobility in the Philippines, continues to enhance the driving experience by introducing innovative solutions and services. In line with this vision, MPT Mobility announces its latest collaboration through its business division, Assist and Assistance Concept, Inc. (AACI), now partnered with the LausGroup of Companies, one of the largest and fastest-growing multi-brand automotive networks in the country.

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This partnership heralds the launch of LausGroup CARES (Customer Assistance for Roadside Emergency Services), a full-service roadside assistance program designed to offer unparalleled support to eligible new vehicle owners and Corporate Guarantee Motor Insurance policyholders under the LausGroup. This includes AACI’s 24/7 Alarm Center Assistance for immediate support during breakdowns or accidents. It also covers nationwide emergency towing, onsite repairs, cashless assistance on expressways, and crane services for vehicle retrieval.

MPT Mobility aims to enrich the lives of motorists across the nation by integrating insightful data and digital services matched with responsive customer assistance to provide them with seamless and secure travel experiences.

LausGroup’s dedication to customer satisfaction goes beyond the point of sale. With several dealerships located in Metro Manila, Central, and Northern Luzon, LausGroup celebrates over 45 years of success. The group’s diverse subsidiaries span the automotive, non-life insurance, media, and food and hospitality industries.

In this new partnership, eligible new vehicle owners from any participating LausAutoGroup dealerships and Corporate Guarantee Motor Insurance policyholders can enjoy comprehensive roadside assistance benefits valued at up to Php—32,500.00 for one year, provided at no additional cost.

“The collaboration with LausGroup allows us to extend our high-quality roadside assistance services to more Filipino motorists,” said Ronald Carillo, Head of AACI. “Our goal is to provide immediate and effective support during emergencies, enhancing the overall safety and driving experience for all new LausGroup vehicle owners and Corporate Guarantee policyholders.”

From left to right: Raymund Mungkal – EVP & Group CFO, LausGroup Alfie Adriano – EVP & Group COO, LausGroup Ada Carisa Laus – Executive Director, LausGroup Ronald Carrillo – Head of AACI Levy Adrian Laus – Executive Director, LausGroup Marissa Estacio – Senior Sales & Marketing, AACI Annie Dela Cruz – Senior Customer Relations & Sales, AACI

As the number of motorists on national roads and highways continues to rise, the need for reliable roadside assistance becomes increasingly critical. MPT Mobility’s growing roster of smart mobility solutions, coupled with AACI’s expertise, aims to elevate the driving experience by ensuring motorists have the safety and security they need to reach their destinations. This strategic partnership not only strengthens MPT Mobility’s position as a leader in the mobility sector but also underscores the LausGroup’s unwavering commitment to its customers.

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Owning an RV provides the freedom to explore, but it also requires proper protection and support on and off the road. When you experience a breakdown in your home on wheels, it’ll leave you without more than transportation, you’ll need to figure out where to stay, how to cook, and how to get back on the road in a reasonable period of time.

That all requires special consideration. That’s why understanding the differences between RV insurance and RV roadside assistance is crucial for ensuring a safe and fun-filled road trip.

Let’s discover some of the key differences between the two:

Coverage Scope

These are the key differences between the things that regular RV insurance will cover versus a specific RV roadside assistance plan:

RV Roadside Assistance: Roadside Assistance focuses more on providing immediate help for roadside emergencies encountered on the road. This can include services like towing, battery jump-starts or replacements, flat tire changes, fuel delivery, and lockout assistance.

Financial Protection

Protecting your wallet while RVing is a vital step to ensure your savings don’t get cooked and scrambled. By understanding the right balance between RV insurance and RV roadside assistance, you can create a cushion for most situations.

RV Insurance: Insurance plans will provide financial reimbursement for repairs or replacements of your RV in case of covered incidents such as accidents. It helps to mitigate the cost of major repairs or replacing your RV if it’s totaled.

RV Roadside Assistance: Doesn’t provide financial reimbursement for repairs or replacement, but instead focuses on immediate services to get your RV back on the road. Some roadside assistance plans, such as Roadtrippers Roadside Assistance, offer benefits along with the services, such as reimbursements for costs like emergency lodging, transportation, and even food spoilage if your RV is out of commission on a trip.

Liability Coverage

When driving a weighty thing like an RV over the road, you want to make sure you’re well covered for inadvertent damage you might do to others. Liability is a legal requirement for motor vehicles and it takes an outsized importance when driving a larger camper.

Here’s what to consider liability-wise between RV insurance and RV roadside assistance:

RV Insurance: Includes liability coverage, which protects you from legal claims if you are the one responsible for causing injury or property damage with your RV. It can cover legal fees, medical expenses, and damages awarded in a lawsuit.

RV Roadside Assistance: Does not include liability coverage. Roadside assistance is solely for providing support during roadside emergencies and doesn’t address legal claims or damages resulting from an incident or accident involving your RV.

Cost and Premiums

Costs usually differ greatly between RV insurance and RV roadside assistance. That’s because RV insurance is covering over a large asset and (usually) high liability protections, resulting in higher cost.

These are the main cost differences between the two:

RV Insurance: RV insurance involves paying regular premiums based on the value of the RV you have, your driving history, and the coverage options that you choose. Premiums can vary quite significantly depending on these and other factors.

RV Roadside Assistance: Typically involves an annual or monthly fee for the service plan. The cost is usually lower than insurance premiums due to less risk compared to what each covers and is based on the roadside assistance level and plan you choose. Many times, the cost of the annual roadside assistance membership is less than the out-of-pocket expenses you would incur for one service without coverage. 

While both RV insurance and RV roadside assistance are essential for all RV owners, they serve very different purposes. RV insurance offers comprehensive financial protection and liability coverage, while RV roadside assistance provides immediate help for roadside emergencies. By knowing the differences between the two, you’ll ensure you have the right protection for the right time and the right situation.

Roadtrippers Roadside Assistance is an option we built that offers several different types of packages so you can customize a roadside plan to fit your needs. Discover the right plan for you here.

Credits

This story delves into the key trends identified by Policybazaar, offering a detailed analysis of the factors driving these changes and what they mean for insurers and policyholders alike.

1. Customer priorities in motor insurance:

Affordability: 29% of customers consider affordability as their top priority, emphasising the need for cost-effective solutions.Brand reputation: 21% of customers prioritise the brand’s reputation, highlighting the importance of trust and reliability.Customer service: 19% value excellent customer service, indicating the need for responsive and supportive interactions.Coverage features: 16% look for comprehensive coverage features, seeking policies that offer extensive protection.Claim Process and settlement: 15% focus on a smooth and efficient claim process, underscoring the need for hassle-free claim handling.

2. Preferred add-ons:

roadside assistance: 60% prefer this cover, indicating the importance of emergency support.Zero depreciation: 55% opt for this add-on, which offers greater financial protection.Engine protector: 20% seek this coverage, particularly beneficial during monsoon seasons.Consumables: 20% choose this add-on for covering the cost of consumables.Key lock replacement: 18% value this coverage for added security.Invoice price cover: 10% prefer this to ensure full reimbursement in case of total loss.South (26%) has double the uptake of Tyre Protection cover, compared to India average (13%).

3. Seasonal coverage needs during Monsoon:

Roadside assistance: 50% seek this coverage to handle emergencies.Engine protector: 30% prefer this to protect against water damage.Return to invoice price cover: 20% opt for this to ensure full value reimbursement.

4. Popularity of PAYD plans:

More than 1 in 3 customers opt for Pay As You Drive plans (PAYD), while 3 in 4 renew them, indicating a shift towards personalised motor insurance coverage.

video-carousel

Popular distance slabs:

5000km: Chosen by 30% of customers7500km: Chosen by 25% of customers10000km: Chosen by 25% of customers2500km: Chosen by 20% of customers

Other Trends

Additionally, 20% of these customers often opt for top-ups, showing flexibility in their usage needs.The interest towards PAYD plans is highest in the South (55%) and lowest in the North (36%).Top cities using PAYD plans: Delhi (8%), Bangalore (5%), Mumbai (3%), Pune (2%), Gurgaon (2%)The adoption of PAYD plans is highest in the metros as they collectively account for a significant percentage of insured vehicles.

5. Tier-wise distribution of motor insurance customers

video-carouselMetros – 40%Tier – 2 – 36%Tier – 3 – 24%

There has been a significant increase of 13% in online adoption by residents of tier-2 and tier-3 cities which was previously lower. This has been driven by growing insurance awareness and the advancement of digital technology.

Popular distance slabs:

5000km: Chosen by 30% of customers7500km: Chosen by 25% of customers10000km: Chosen by 25% of customers2500km: Chosen by 20% of customers

Other Trends

Additionally, 20% of these customers often opt for top-ups, showing flexibility in their usage needs.The interest towards PAYD plans is highest in the South (55%) and lowest in the North (36%).Top cities using PAYD plans: Delhi (8%), Bangalore (5%), Mumbai (3%), Pune (2%), Gurgaon (2%)The adoption of PAYD plans is highest in the metros as they collectively account for a significant percentage of insured vehicles.

5. Tier-wise distribution of motor insurance customers

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Metros – 40%Tier – 2 – 36%Tier – 3 – 24%

There has been a significant increase of 13% in online adoption by residents of tier-2 and tier-3 cities which was previously lower. This has been driven by growing insurance awareness and the advancement of digital technology.

Namit Singh Sengar

Namit writes on personal finance, economy and brands. Currently contributing to

first published: July 17, 2024, 15:51 IST

Credits

roadside assistance program."/>

If your car ever stops working unexpectedly, help might just be on its way faster now, as here's a new service made to support it. MPT Mobility, affiliated with Metro Pacific Tollways Corporation (MPTC), has announced a partnership with the LausGroup of Companies to initiate a new roadside assistance program called LausGroup CARES. The new program targets new vehicle owners and Corporate Guarantee Motor Insurance policyholders under LausGroup, with the goal of providing the needed support during vehicle breakdowns and emergencies.

The program is managed by MPT Mobility's Assist and Assistance Concept, Inc. (AACI), which engages in roadside assistance services. The services offered include round-the-clock support from AACI’s Alarm Center during vehicle breakdowns or accidents, nationwide emergency towing, onsite vehicle repairs, cashless services on expressways, and crane services for vehicle retrieval.

Ronald Carillo, the head of AACI, commented on the partnership, stating that it allows them to extend and widen their service reach and further improve roadside assistance quality. The goal is to offer immediate and efficient support in emergencies, thus improving the safety and driving experience for all eligible vehicle owners and insurance policyholders affiliated with LausGroup.

“The collaboration with LausGroup allows us to extend our high-quality roadside assistance services to more Filipino motorists.Our goal is to provide immediate and effective support during emergencies, enhancing the overall safety and driving experience for all new LausGroup vehicle owners and Corporate Guarantee policyholders.”

Ronald Carillo

Head of AACI

LausGroup, with over 45 years in the automotive industry and numerous dealerships across Metro Manila, Central, and Northern Luzon, continues its pledge to customer service. The partnership extends new benefits to eligible new vehicle owners and insurance policyholders, providing them with complete roadside assistance benefits valued at up to Php 32,500.00 for one year at no additional cost. 

A car breakdown on the road can spoil your plans. Thankfully, MPT and LausGroup have started a new program to help make these moments easier. You can also check out AutoDeal to find a list of cars and get a quote for the one that catches your eye.

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Urgent.ly, Inc. (Nasdaq: ULY), a leading provider of digital roadside and mobility assistance technology, has renewed its contract with a global automotive OEM. The renewal extends their partnership to eight years, covering warranty-based and post-warranty roadside assistance programs in the U.S., Canada, and Mexico.

Urgently will continue to provide assistance for operational, technical, and mechanical breakdowns, as well as accident-related towing services. The OEM partner will leverage Urgently's comprehensive technology stack, including full roadside assistance CRM and API-based integration into customer-facing products.

This renewal underscores Urgently's commitment to delivering exceptional service, innovative technology, and prioritizing safety, solidifying its position as a preferred roadside and mobility assistance partner.

Positive

Contract renewal with global automotive OEM extends partnership to 8 years

Expanded service coverage in U.S., Canada, and Mexico

Continued provision of comprehensive roadside assistance services

OEM partner to leverage Urgently's full technology stack

07/15/2024 - 09:00 AM

The renewal underscores Urgently’s commitment to fostering long-term customer partnerships, grounded by exceptional service, innovative technology, and a prioritization of safety, leading to significant customer value.

VIENNA, Va., July 15, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the renewal of its six-year customer partner relationship with a global automotive OEM, known for its focus on safety, quality and innovation. The renewed agreement extends this relationship to eight years and underscores Urgently’s commitment to delivering significant customer value through exceptional service, cutting-edge technology and a prioritization of safety.

“We are thrilled and honored to continue this enduring and successful partnership,” said Matt Booth, Chief Executive Officer, Urgently. “We believe this renewal reflects the strength of our technology and the outstanding level of service we provide to our OEM customer partners and their customers. We value our sustained collaboration and look forward to continuing to deliver roadside assistance solutions that meet our partner’s evolving needs.”

Under the renewed contract, Urgently will continue to power the automotive OEM’s warranty-based roadside assistance program as well as its post-warranty roadside assistance membership plans in the U.S., Canada and Mexico. Urgently will also continue to provide assistance for operational, technical and mechanical breakdowns, as well as accident-related towing services.

The OEM partner will continue to leverage Urgently’s comprehensive technology stack, which includes full roadside assistance customer relationship management (CRM) to support its outsourced call center operations and API-based integration into its customer-facing products.

Urgently believes this renewal solidifies its position as a preferred roadside and mobility assistance partner, leveraging Urgently’s connected assistance platform to drive efficiency and an exceptional customer experience aligned with the OEM’s trusted and iconic brand.

For more information about Urgently’s roadside and mobility assistance solutions visit https://www.geturgently.com/industry-solutions.

Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

Forward Looking Statements

This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s customer partner contract renewal, are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 29, 202, our quarterly reports on Form 10-Q, including our quarterly report on Form 10-Q for the quarter ended March 31, 2024, which was filed with the SEC on May 14, 2024, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

Contacts:
For Press: [email protected]
For Investors: [email protected]

FAQ

What is the significance of Urgently's contract renewal with the global automotive OEM?

The contract renewal extends Urgently's partnership with the global automotive OEM to eight years, solidifying its position as a preferred roadside and mobility assistance partner. It demonstrates the strength of Urgently's technology and service quality in meeting the OEM's evolving needs.

What services will Urgently (ULY) provide under the renewed contract?

Under the renewed contract, Urgently (ULY) will continue to power the OEM's warranty-based roadside assistance program and post-warranty roadside assistance membership plans. Services include assistance for operational, technical, and mechanical breakdowns, as well as accident-related towing services in the U.S., Canada, and Mexico.

How does the contract renewal impact Urgently's (ULY) market position?

The contract renewal strengthens Urgently's (ULY) market position by solidifying its role as a preferred roadside and mobility assistance partner for a major global automotive OEM. It demonstrates the company's ability to deliver long-term value through its connected assistance platform and exceptional customer experience.

What technology solutions does Urgently (ULY) offer to its OEM partner?

Urgently (ULY) offers a comprehensive technology stack to its OEM partner, including full roadside assistance customer relationship management (CRM) to support outsourced call center operations and API-based integration into the OEM's customer-facing products.

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Tesla Inc. CEO Elon Musk on Monday assured U.S. army veteran and YouTuber Lamar MK of a fix after his new Cybertruck refused to let him in.

What Happened: Lamar took to X on Sunday to flag that he was not able to get inside his Cybertruck or unplug it from a charging plug. The X user, also a Model Y SUV owner, took delivery of his Cybertruck merely months ago in May and wrapped it in a bright navy blue.

The user said in subsequent posts that he tried to jump the battery to no avail and though he called Tesla Roadside service, they couldn’t access it as the vehicle was completely offline.

“I think Tesla should partner with more companies so they can have proper roadside service team,” a visibly frustrated Lamar said in a video on X. He also urged other Cybertruck users to not close their vehicle doors until they take their kids out in case the vehicle loses power and locks the children in. Unlike other vehicles which have door handles or windows that one can break to remove the children, the Cybertruck has no door handles and the windows are made of armored glass, he noted.

“We'll get it fixed pronto,” Musk assured the user on X.

Soon after the CEO responded, Tesla service gained access to the vehicle frunk, diagnosed the problem, and started working on a fix, Lamar said.

“Tesla Found the issue with my Cybertruck! FIX is in Progress. Thanks Elon Musk!,” he wrote.

However, the Cybertruck owner has recommendations for Tesla in case of similar concerns in the future.

“While simplicity is important, I believe some manual fail-safes are essential. Tesla should consider reengineering the Cybertruck to include manual release cables for the tailgate and frunk, providing a backup method to open them if all other methods fail,” he said.

Why It Matters: Tesla started delivering the Cybertruck in November. It is unclear as to how many Cybertrucks have been delivered thus far, as the company does not provide model-wise delivery numbers.

The vehicles have not been without issues. Late last month, Tesla recalled over 11,000 Cybertrucks over concerns that its sail applique may come loose or detach from the vehicle while it is moving and nearly 12,000 Cybertrucks over concerns that their windshield wiper might stop working.

In April, Tesla recalled 3,878 Cybertrucks due to concerns of unintentional acceleration owing to the accelerator pedal pad on the affected vehicles dislodging and becoming trapped by the interior trim above the pedal.

"Will keep working to make your Cybertruck better," Tesla wrote on X via its Cybertruck handle on Sunday after acknowledging driver feedback and concerns on X regarding battery drain, lack of the company's full self-driving (FSD) driver assistance software, and incomplete software.

During Tesla's annual shareholder meeting in early June, Musk said that the company has touched a weekly production record of 1,300 Cybertrucks. The company is now ramping production further to touch 2,500 units per week by the end of the year with the aim to deliver 250,000 Cybertrucks a year starting in 2025.

Read More:

Photo courtesy: Shutterstock

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VIENNA, Va., June 25, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the launch of next-generation yield-based pricing across its Service Provider Network. This AI-driven dynamic pricing technology makes it possible to reliably predict and optimize job prices for roadside assistance services, leading to higher-quality customer outcomes. Real-time yield-based pricing allows Urgently to better manage surges in roadside assistance demand, similar to surge pricing used by ride-hail services.

Insights and predictive pricing empower Urgently’s customer partners to build roadside assistance programs that best fit their business goals, such as:

Maximizing performance while maintaining a stable cost structureBalancing performance and cost by marketIncreasing performance by market or job attribute, such as a premium/VIP program

A combination of machine learning, location aggregation and micro-targeting by make, model and custom markets, delivers actionable insights into network pricing based on geographic location, population density, time of day, service quality and other location-based data. This premium level of end-user targeting helps Urgently’s customer partners optimize their roadside assistance programs.

Urgently’s proprietary pricing technology enables increased job acceptance and digital engagement with service providers, and significant improvement in annual performance metrics for customer partners.

“At Urgently, we believe roadside assistance is a brand-defining opportunity for our customer partners, and this is why our data and engineering teams continually look for ways to apply technology to advance the roadside experience,” said Matt Booth, Chief Executive Officer, Urgently. “We believe the advanced data analytics of our yield-based pricing technology leads to faster job acceptance by service providers, resulting in higher-quality outcomes that align with our customer partners’ brand-defined goals for customer experience – whether VIP, five-star or white-glove.”

Efficiently & Purposefully Engineered

Traditional roadside assistance job pricing models use county, zip code and basic trading area (BTA) data to determine pricing. Urgently’s yield-based technology takes job pricing to a new level with hexagonal location aggregation.

Urgently’s yield-based pricing technology has been efficiently and purposefully engineered, in part, by leveraging Uber’s proven, open-source H3 Hexagonal Hierarchical Spatial Index. H3 is a grid system for efficiently optimizing ride pricing, dispatches, and for visualizing and exploring spatial data. Urgently’s high-yield pricing technology uses H3 to analyze geographic information to set dynamic, reliably predictive, roadside assistance job prices and optimize dispatching. Hexagon-based location aggregation makes it possible to uniformly scale up and down dispatch areas.

Availability

Urgently’s yield-based pricing is currently being deployed nationwide across its network of service providers. Initially available for tire changes, battery jump starts, auto lockouts, fuel delivery and towing services, Urgently expects to expand its yield-based pricing technology to additional roadside assistance services in the future.

For more information about Urgently’s roadside and mobility assistance solutions visit https://www.geturgently.com/industry-solutions.

Forward Looking Statements

This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s yield-based pricing technology. These statements are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 29, 202, our quarterly reports on Form 10-Q, including our quarterly report on Form 10-Q for the quarter ended March 31, 2024, which was filed with the SEC on May 14, 2024, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

Contacts:
For Press: [email protected]
For Investors: [email protected]

Source: Urgent.ly Inc.

2024 GlobeNewswire, Inc., source Press Releases

Credits