Overdrive IOT Pte Ltd

Overdrive IOT Pte Ltd specializes in delivering comprehensive Internet of Things (IoT) solutions designed to optimize operational efficiency across various industries through innovative technology and data analytics. Founded in 2015, Overdrive IOT Pte Ltd is based in Singapore and focuses on providing IoT solutions for enhancing asset management. The company has undergone strategic developments to cater to the growing demands for efficient resource monitoring. Co-founded by Aston Chia and Zen Chin, who previously held roles in tech innovation, Overdrive IOT has received USD 1 million in Series A funding led by Tin Men Capital in April 2022, bringing its total funding to USD 1 million and its valuation to USD 13 million.

Overdrive IoT offers a range of IoT solutions that include real-time asset monitoring, predictive maintenance, and data analytics tailored for vehicles, machinery, and facilities. The company focuses on industries such as transportation, waste management, and facility management, enabling organizations to enhance workflows and ensure resource efficiency through connected device technology that analyzes real-time data. In the most recent year, Overdrive IOT reported revenues of USD 2,261,925. 50, with an EBITDA of USD -5,465.

60, reflecting a business model centered around direct-to-business transactions and subscription-based services that cater to diverse operational needs. Overdrive IOT plans to leverage its most recent funding from the Series A round to enhance its product offerings, focusing on the launch of advanced analytics tools designed for broader market applications by late 2023. The company aims to expand its presence in Southeast Asian markets, including Malaysia and Indonesia, by targeting operational challenges in the logistics and waste management sectors. The funding will also aid in scaling its technology infrastructure to support these initiatives.