Amber Connect, A.I vehicle telematics to open Innovation Center
Amber Connect and telematics solutions headquartered in Jamaica, plans to open a 4000-seat office in Coimbatore. This innovation center will build vehicle telematics software that will be exported worldwide. The construction of the office is currently underway, with the company planning to open it by the end of 2025.
Hiring for the new innovation center will take place in a phased manner. Amber Connect plans to onboard 1,000 people over the next 2 years for various roles including technology development, sales, and customer support needed to expand operations across the country. Currently, Amber Connect’s office in Coimbatore comprises 1,200 skilled professionals across various roles including product development, software engineering, operational support, sales, logistics, demand generation, data science, and AI expertise. The team in India has been instrumental in building Amber Connect’s innovative solutions popular in key markets around the globe, and is the foundation for its expansion in India.
India is an important market for Amber Connect, which aims to increase its market share in the country by partnering with leading automotive OEMs, and distributors to enable advanced telematics and fleet management solutions into vehicle offerings. Through these partnerships, Amber Connect will focus on offering seamless vehicle tracking, AI-powered analytics, and enhanced security features which will drive significant value for Indian consumers and businesses.
Nation-wide expansion and growth in India
Amber Connect has set a revenue target of Rs 100 crore in India and Rs 500 crore globally over the next 2 years. The company aims to install its telematics solution on over 200,000 vehicles over the next two years. With strong and significant global growth, Amber Connect is driving a huge part of its revenue from Africa, the Caribbean, East Asia, West Asia and North America. After establishing its presence globally, the company is entering India with vast experience in economies of scale. Its expertise and growing focus on telematics and fleet management make it the ideal contributor to the rapidly growing Indian market.
A strong foothold in the Indian market will enhance Amber Connect’s revenue and market valuation, which will be a strategic advantage for a successful IPO.