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KLM and Schiphol invest in Dutch startup Undagrid
Mainport Innovation Fund (MIF) has invested in the Dutch 'Internet of Things' startup Undagrid. The investment made in Undagrid will enable the company to propel international growth and allow them to enter new markets. MIF as an investment fund is a partnership between KLM Royal Dutch Airlines, Amsterdam Airport Schiphol, Rabobank, and the Delft University of Technology. Undagrid is an award winning Dutch startup, named 'Sprout Startup of the Year 2014' and 'Best Internet of Things Startup' by the European Institute of Innovation and Technology of the European Union.
Undagrid track & trace at Amsterdam Airport Schiphol
Undagrid technology has been applied with GSETrack , a joint venture of Undagrid and S-P-S International. This track & trace solution ensures that non-motorized objects or ones not connected to the power grid can be easily traced in an energy efficient manner. The application is used in places such as Schiphol Airport, where baggage carts and aircraft stairs are fitted with Undagrid network technology.
Objects share information
The devices on the objects transmit information to nearby devices, which in turn relay this information to others in their vicinity. This is how ground equipment such as dollies, carts, and staircases communicate their position to each other. An operator can check the location remotely via the cloud or a dashboard, which makes maintenance and equipment management for example more efficient and cost effective. Each device only needs one battery to keep the network operational for years at a time.
Communication between objects
According to Undagrid's CEO and co-founder Rolf van de Velde, "Companies usually have multiple objects to manage, from big to small. Up until now, if they had no power, there was almost no way for vital information about these objects to be shared, such as the location, temperature, or their current status. If a situation like this occurs, it's always a matter of: where exactly are the objects now and/or what's the status of the objects? Undagrid technology ensures that objects, not matter what size, share useful information not only with each other, but also with the people operating the objects."
Undagrid technology makes it possible to track non-motorized vehicles at Schiphol Airport in real time, at low costs, says Erik Swelheim, Managing Director & CFO of KLM.
This ensures optimal use of the vehicles, so we need less of them. Hence, it enables us to cut expenses considerably",
About Mainport Innovation Fund
MIF's investment, along with that of the partners KLM, Schiphol Airport, TU Delft and Rabobank, positions Undagrid to achieve their international growth ambitions as the communications solution for airport logistics faster. Not to mention, it helps to break into other markets outside of the aviation industry. MIF is the investment fund partnership between the Schiphol Group, KLM Royal Dutch Airline, Delft University of Technology, and Rabobank (www.mainportinnovationfund.nl). The fund invests in promising technology companies with revolutionary innovations in the logistics, transport, and aviation sectors. Undagrid is MIF's 9th investment.