Tire issues are indeed as significant as other causes of accidents. According to data from the Federal Motor Carrier Safety Administration's (FMCSA), damaged tires constitute the second most common cause of car accidents, accounting for around 30% of accidents annually. BANF develops solutions that analyze data from tire-mounted sensors to improve safety and efficiency.
At BANF, we are actively contributing to a safer era of the logistics ecosystem by providing real-time tire data, tire wear, wheel alignment, loosen nut/lug, fuel efficiency, and road surface information including black ice, asphalt heating, slippery road, pothole depth, etc using a SINGLE tire-mounted sensor. This comprehensive system not only ensures ultimate safety by detecting road and tire defects but also delivers remarkable benefits. Our technology improves fuel efficiency by up to 20% and reduces tire wear by up to 30%. Despite being a three-year-old startup, we are actively collaborating with 30+ partners including major truck manufacturers, leading tire conglomerates, and NASDAQ-listed autonomous driving truck companies.