News releases
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Lysanda signs agreement with TNT
Lysanda, the vehicle management software provider, today announces an agreement to be the approved supplier of on board eco-driving technology for vehicle fuel savings to TNT, the world-leading provider of express delivery services.
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British companies “can save £3.3bn on road fuel costs”
Lysanda analysis of the UK commercial road fleet market suggests 20% reduction in fuel consumption and CO2 emissions achievable with better fleet monitoring.
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Lysanda Since Springboard
In the autumn of 2005 Lysanda applied for the newly launched Shell Springboard award. To a 3 person strong start-up company, the offer of a £40,000 grant from a large industrial body was impossible to resist. Lysanda’s first product, the Eco-LogTM was still in very early development and had only just emerged from the drawing board.
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Lysanda records success of TNT’s 2009 “Drive Me Challenge”
Lysanda’s Eco-Log software measures total fuel used per team in TNT’s 2009 “Drive Me Challenge”. Winning driver used barely half the fuel of the worst driver.
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Lysanda raises £1.3m in new funding
Lysanda today announced that it has secured £1.3m in a second round of funding.
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Lysanda works with TNT to promote efficient driving
Eco-Log to support TNT’s 2009 “Drive Me Challenge”
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Lysanda appoints Alistair Crawford as Chairman
Lysanda, the automotive software developer, has appointed Alistair Crawford as Chairman.
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Eco-Log drive to class honours at the MPG marathon
Lysanda demonstrates innovative Eco-Log technology at the wheel of a Volvo S40 during 411-mile fuel-economy challenge. Results show a 21% cut in emissions and 24% improvement over official mpg figures.
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Live CO2 broadcast from entry in MPG marathon
An innovative new way of measuring a vehicle’s fuel consumption and CO2 emissions is to be demonstrated during this year’s MPG Marathon economy run.
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Presentation: Counting the carbon
Download our latest presentation: Counting the Carbon
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Fleets need to incentivise commercial drivers to drive down fuel costs and emissions, say Lysanda
Giving commercial drivers a financial incentive to change their driving style to reduce fuel use is the only way fleets are going to drive down their impact on the environment, according to Lysanda.
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Lysanda reports staff growth and increased fleet interest for its ‘Eco-Log’ emissions monitoring technology
Lysanda, developers of a pioneering emissions monitoring technology, is expanding following the completion of its £1.25M venture capital funding led by Logispring, the Geneva-based Venture Capital fund.
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Emissions measurement company Lysanda secures £1.25 million investment led by Logispring
BRAXTED PARK, MAY 16, 2008 – Lysanda, developer of emissions monitoring software, has completed a second round of VC funding led by Logispring, the transatlantic venture and growth capital investor with offices in Geneva and New York. The latest investment of £1,250,000 will enable the company’s first product, branded “Eco-LogTM”, to go into production during 2008.
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Lysanda raises £1.3m in new funding
Lysanda, the vehicle management software provider, today announced that it has secured £1.3m in a second round of funding.
The round was led by the Sustainable Technology Fund (managed by Curzon Park Capital) and includes venture capital firm LogiSpring and a number of private investors. The terms of the fundraising were not disclosed.
Lysanda, founded in 2005, will use the cash for the commercial launch of its technology, following completion of a number of trials with corporate customers.
Lysanda produces the Eco-Log, which helps reduce vehicle fleet running costs by providing highly accurate data on fuel consumption and wastage. Savings are made by improving driving behaviour using the in-vehicle driver aid and management reporting tools.
When plugged into the vehicle On-Board Diagnostics computer using an industry standard cable, Eco-Log accurately calculates the energy used and emissions produced. This data is processed to provide vehicle trip performance information for:
- Real-time feedback to driver on in-vehicle display;
- End of trip/period review by the fleet manager; and
- Periodic management reports.
For customers, the Return on Investement (ROI) is expected to be less than one year.
Sam Richardson, director of Curzon Park Capital said:
“Lysanda is finding more and more large fleet operators are asking for help to minimize operating costs and at the same time reduce the environmental impact of their vehicles.”
Lysanda Chief Executive Alex Willard said:
“We are launching our high-volume product this month and the new funds will enable us to fulfil our near-term strategy. Fleet efficiency is fundamental to company profitability. Fuel costs are typically 20%-25% of fleet running costs and fuel wastage also suggests higher maintenance costs. Volatile oil prices have put additional focus on fuel efficiency and costs, which have direct impact on profit. Using vehicle engine data, Eco-Log takes fleet management to a new level of sophistication with significant fuel savings.”