You’ll even be able to pay for citations. If you need to update your vehicle weight, insurance information, or your registered address, you can do that online when you renew registration. If a smog test is required, you’ll be notified. And when you do registration renewals in our dashboard, you’ll have line items for the registration that’s due. With the click of a button on our dashboard, you’ll be able to renew registrations for 20, 50, a hundred cars. Our digital license plates particularly benefit larger fleets, as the more vehicles you have, the easier we make it to manage DMV compliance. We haven’t yet solved for the ability to calculate the IRP and IFTA fuel tax, but it’s a big feature and benefit we plan to roll out in 2023. You often find trucks and trailers that have two different registration areas, mostly using the apportioned IRP plates I mentioned before. Class eight and above are trucks and trailers. Class one is motorcycles, for which we don’t yet have a size (although we are developing it). Is there a kind of fleet that benefits most from using Reviver’s plates?Īny fleets class two through seven can use our plates. There’s also the International Fuel Tax Association (IFTA), which is a similar concept that relates to where you buy gas and pay fuel tax. Then if you drive in Indiana 40% of the time, you’ll pay 40% of Indiana’s fees there, and so on. This means that you pay annual registration fees based on the percentage of miles you drive in each state, so if you only drive in Illinois 10% of the time, you only pay 10% of your registration in Illinois. For example, Indiana has a lot of fleet registrations thanks to their streamlined DMV process for International Registration Plan (IRP). We are also looking at other states because of certain strategic partnerships that we have. When choosing states that we target, we usually look at the top 10 states in terms of driving population. The next group of states where we’re currently running legislation is Florida, New Jersey, New York, Pennsylvania, and Oregon. So they’re legal, but we can’t sell yet because there’s no core value proposition and you won’t be able to renew the license plate registration. In Colorado, Georgia, and Illinois, we’ve passed legislation but not yet merged our platforms with the DMV. In Texas, however, it’s only available for commercial vehicles. The states in which we can sell our digital plates are California, Arizona, Michigan, and Texas, as we have already passed legislation and integrated with the DMVs in those states. Just like a metal plate, if it’s good in one state, it’s good in another. To clarify, our plates can be driven in all 50 states, Canada, and Mexico. In what states are your plates currently available? What states do you expect to have them in soon? This eliminates the need for transponders and it’s based on pay-by-plate technology that can be used in all 50 states. The third value proposition is universal tolling, which is being launched in Q1 2023. Whatever maintenance needs to be performed, our plates have the ability to display a maintenance message provided we are integrated with the customer’s maintenance platform. When the vehicles are refueled during the night, they undergo maintenance checks. This is particularly valuable for vans and vehicles that come into a single location overnight. If there’s anything wrong with the vehicle, we can display the message on the digital license plate. The second value proposition is vehicle maintenance messaging. During this process stickers get lost in the mail or misplaced which requires re-ordering stickers and being at risk of driving a non-compliant vehicle. This eliminates a lot of touchpoints, as our customers no longer have to worry about waiting for the physical stickers arriving in the mail and placing them on vehicles. One is batch registration renewals–since we’ve digitized the process and our platform has merged/integrated with the DMV platform, we eliminate the need for physical stickers. For 120+ years cars have advanced technologically, so why not the plate? Our digital plates offer three core value propositions for commercial fleets. Reviver is the first company in the world that has developed a digital license plate to replace the current metal license plate.
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