KLM and Schiphol invest in Dutch 'Internet of Things' startup Undagrid
Mainport Innovation Fund aids in continued international rollout of smart network technology for airports and other markets
25 AUGUST 2015, AMSTERDAM AIRPORT SCHIPHOL, THE NETHERLANDS
SummaryMainport Innovation Fund (MIF) has invested in the Dutch 'Internet of Things' startup Undagrid to propel international growth and allow them to enter new markets. MIF as an investment fund is a partnership between KLM , Amsterdam Airport Schiphol, Rabobank, and the Delft University of Technology. Undagrid is an award winning Dutch startup.
AMSTERDAM AIRPORT SCHIPHOL – 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."
Optimal use of vehicles
"Undagrid technology makes it possible to track non-motorized vehicles in real time, at low costs. This ensures optimal use of the vehicles, so we also need less of them. Hence, it enables us to cut expenses considerably", says Erik Swelheim, Managing Director & CFO of KLM.
Bram Ledeboer, Investment Manager at Mainport Innovation Fund: "MIF's investment, along with that of our 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 them break into other markets outside of the aviation industry."
Note for the editor
About Mainport Innovation Fund
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. NBI Investors, MIF's funds manager, will be launching the "MIF 2" successor fund in the near future.
The four founders of Undagrid started in 2014 with the development of power efficient sensors based on unique communication technics. After the first roll-out at Amsterdam Airport Schiphol, the company grew very successful in the last three years and is now active at 11 different airports, including the top 5 in Europe and the Middle East. Due to its innovative character Undagrid won numerous awards in the past, which has now been confirmed by its customers in the aviation industry. The company has offices at Schiphol and in Enschede.