CalAmp's LoJack España Connected Car Solutions Enhance Bipi´s Rental Car Subscriber Service with Maintenance and Recovery Services

MADRID and IRVINE, Calif., Dec. 1, 2021 /PRNewswire/ -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, announces its subsidiary, LoJack® España, has partnered with Bipi, an innovative car subscription service operating in Spain, Italy and France. Bipi's multi-brand car fleet is now equipped with LoJack España's connected car solutions, enabling preventative fleet maintenance and stolen vehicle tracking to improve the car subscription experience for customers and allow Bipi to more effectively manage fleet operations.

In the event of a theft, LoJack España's proven Stolen Vehicle Tracking (SVT) technology will assist with vehicle tracking and recovery in direct collaboration with local law enforcement, helping Bipi to mitigate potential capital and service revenue losses. That same edge computing technology enables preventative maintenance via the LoJack Connect platform. Data collected from the vehicles is aggregated to preserve customer privacy while helping Bipi improve fleet lifecycle management and maintain service quality for their car subscribers.

Bipi has delivered its innovative car subscription service to more than 10,000 customers in the last three years. For a monthly payment with no long-term commitments, subscribers can lease a vehicle from Bipi and choose the desired duration (from one to 36 months), mileage limit, make and model according to their needs. As part of their subscription, customers are provided with Bipi's turnkey services, now including LoJack España's connected car solutions.

"We are delighted to add LoJack España's connected car solutions to our comprehensive services for Bipi customers. LoJack España's experts in telematics and SVT technologies have been true partners in every way, collaborating with us to bring real value to our subscribers and greater efficiency to our fleet operations," said Hans Christ, co-founder and CEO of Bipi. "We now have connected intelligence to secure our entire fleet. Whether driving on the streets of Madrid and Milan or the avenues of Paris, our customers can rest easy knowing that Bipi and LoJack España are ready to assist them when and wherever needed."

"Bipi represents an emerging middle ground between short-term car rental and long-term leasing that meets today's consumer expectations for maximum flexibility and freedom of choice. As automakers, dealers and drivers face vehicle shortages, Bipi offers a new path to mobility with high expectations for future growth," said Maurizio Iperti, senior vice president of LoJack EMEA and managing director of LoJack Italia. "With our presence and network capabilities in Europe and the U.K., we are uniquely positioned to help Bipi manage its existing pan-European fleet and enable connectivity as its business scales in other operating regions across Europe."

"We are delighted to partner with Bipi to drive constant innovation in its fleet and customer offering through our connected car technology. Together, we can offer Bipi subscribers not only flexibility, but also a safe and reliable rental experience, as evident in our successful deployments already in Spain, Italy and France," added José Ignacio Rubio, country director of LoJack España. 

About Bipi

Bipi is a car-as-a-service marketplace based in Madrid, Spain, offering monthly all-inclusive car subscriptions. Bipi's mission is to replace the traditional car ownership with a more flexible and seamless digital experience. With Bipi you can subscribe to your favorite car in less than two minutes, keep it as long as you want, swap it or cancel all for one simple monthly payment with everything included (insurance, maintenance, roadside assistance, and tax). Bipi aims to revolutionize the way people across the world access cars. Visit our website www.bipicar.com for more information.

About RCI Banque S.A.

Created and wholly owned by Renault Group, RCI Banque S.A. is a French bank specializing in automotive financings and services for the customers and dealership networks of Renault Group (Renault, Dacia, Alpine, Renault Samsung Motors and Lada) worldwide, the Nissan group (Nissan, Infiniti and Datsun) mainly in Europe, Brazil, Argentina and South Korea and through joint ventures in Russia and India, and Mitsubishi Motors in the Netherlands.

RCI Bank and Services has been the new commercial identity of RCI Banque S.A. since February 2016. With 3,800 employees in 36 countries, the group financed over 1.5 million contracts (for new and used vehicles) in 2020 and sold more than 4.6 million services. At end-December 2020, average performing assets stood at €46.9 billion in financing and pre-tax income at €1.003 million.

RCI Bank and Services has rolled out a deposits collection business in seven countries since 2012. At end-December 2020, net collected deposits totaled €20.5 billion, or 43% of the company's net assets. Find out more about RCI Bank and Services: www.rcibs.com

Follow us on Twitter: @RCIB

About LoJack España

LoJack España, a wholly-owned CalAmp subsidiary, delivers best-in-class stolen vehicle recovery and connected car services to auto dealer, OEM, insurance, and car rental markets and their end-customers that improve vehicle management and protect against theft. Using CalAmp's unified IoT ecosystem of software applications, cloud platform, telematics services and edge computing products, LoJack España provides connected intelligence on valuable assets that allow people and businesses across Spain and Portugal to make more informed decisions, reduce costs and maximize productivity. For more information, visit www.lojackiberia.com and LinkedIn.

About CalAmp

CalAmp (Nasdaq: CAMP) is a connected intelligence company that helps people and businesses work smarter. We partner with transportation and logistics, industrial equipment, government and automotive industries to deliver insights that enable businesses to make the right decisions. Our applications, platforms and smart devices allow them to track, monitor and recover their vital assets with real-time visibility that reduces costs, maximizes productivity and improves safety. Headquartered in Irvine, California, CalAmp has been publicly traded since 1983. We have nearly one million software and services subscribers and over 20 million products installed worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack, TRACKER , Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx  and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

SOURCE CalAmp