Overdrive IOT Pte Ltd, a Singapore-headquartered start-up founded by CEO Aston Chia and COO Zen Chin, announces the completion of the company’s Series A round with Southeast Asia B2B venture capital fund, Tin Men Capital.
Overdrive operates an IOT platform that automates data sensing of various types of assets within a business ecosystem, from vehicles and machinery, to goods and people. It leverages on a “mash-up” of different connectivity technologies and curated 3rd party devices, that is configured to optimally deliver business objectives such as real-time tracking and monitoring, exception alerting and command centre visualisation.
Since inception in 2015, Overdrive has been able to deliver such reliable working systems to customers, across small to large scale implementations, such as Sentosa, Nanyang Technological University, Fedex, Ascendas, Ministry of Manpower in Singapore, and Volkswagen and Mazda in Malaysia via its local IoT partner. It is differentiated by the platform’s robustness and scalability, open architecture to ingest both in-house and partnered intelligence modules, and its ability to tweak device-level firmware and connectivity for challenging environments.