Iris mulls bidding for connected cars project

Auto data: Connected cars are vehicles that are equipped with Internet access which enables data applications. This helps provide better insight on driving patterns, behaviour and car conditions through real-time diagnostics and predictive maintenance.

Iris Corp Bhd, which has seen the entry of new shareholders, is looking at putting in a bid to join the bidding for the mandate to undertake a government road tax and insurance initiative for the launch of a connected cars project. The other company which is interested in this project is Green Packet Bhd.

While this connected cars project will initially focus on usage-based insurance, it will subsequently involve usage-based road tax.