PRESS KITJanuary 2018

CARFIT is the AI technology that reads vibrationsto make car maintenance easier and mobility safer

www.car.fit

Cars lack sensors on wearing parts

There are more than one billion vehicles in circulation worldwide (1.1B+). Technologies evolve, carusage too (car sharing, peer to peer car rental, connected and autonomous car, etc). The engines areincreasingly reliable and studies show that cars will last longer. 40% of the maintenance budget isalready spent on replacing the wearing parts (tires, wheels, brakes, etc.). Yet the state of these partsis not or hardly monitored by sensors, even on new cars!

To fill this gap, CARFIT has developed a predictive maintenance technology based onvibration analysis.

The birth of CARFIT

CARFIT was created in 2016 by pioneers of connected objects:Nicolas OLIVIER and Peter HAUSER.

Nicolas and Peter are veterans of connected objects and wearables. Bydeveloping algorithms to detect sports physical activity (walking,running ...) for connected watches and fitness wristbands, they had theidea to apply the same process to understand the vibrations of cars, inorder to identify their maintenance needs and general “health”.Quickly, a validation by Siemens LMS - world leader in NVH science(Noise, Vibration, Harshness) - showed the relevance of the conceptand validated its operation. CARFIT works today with major players inthe automotive industry.

Experienced entrepreneur with multiple success stories, including an IPO on Paris Nyse-Eurolist. Nicolas worked at VDS, AT&T, and Inventel in marketing and managerial roles before co-founding, Modelabs, a licensed branded mobile phone and accessories distribution company. He has lived in Asia for more than 10 years and was previously CEO of Connectedevice specializing in wearables and IoT.

Nicolas OLIVIERCEO & Founder

A Canadian of German origin and a quality engineer by training, Peter worked at

Boeing before joining the PC peripherals division of

Microsoft. Specialist in wireless technology, he became an

expert in Bluetooth SIG and published Bluetooth

Technology 123 (2009), before joining the world of startups and gaining expertise in lean

R&D. Co-author of multiple patents, Peter is an automotive

enthusiast.

Peter HAUSERCTO & Founder

Holder of a master's degree in "mechanical engineering applied to acoustics and vibrations in the automotive sector" at the Université de Sherbrooke, Hugo has won several prestigious awards and prizes in Canada and Quebec. He is the author of the book "An approach using active structural acoustic control: for the reduction of structure-borne road noise." Hugo is a member of the Quebec Order of Engineers and the Society of Automotive Engineers. He is internationally recognized as an expert in NVH (Noise Vibration Harshness) science.

Hugo DOUVILLEChief Science Officer

Transparency and efficiency by understandingautomotive vibrationCARFIT develops a technology of automotive vibration analysis.Through the use of NVH science (Noise, Vibration, Harshness), Data Science and Artificial Intelligence,CARFIT analyzes the vibrations of a car, identifies their origin and predicts the car’s maintenance needs.Via a vibration sensor - the CARFIT PULS - which simply attaches to the steering wheel, it is possible tolisten to what one’s car says.

The CARFIT PULS communicates viaBluetooth Low Energy withsmartphones via an App (iOS orAndroid), or with a dashboardallowing the collection of data frommultiple sensors for professionals.

The AskMiles chatbot makes theuser experience easy and user-friendly and allows dialogue with carmaintenance services.

CARFIT’s market

CARFIT works with all players in the automotive sector :

• car manufacturers and equipment manufacturers• car centers• the new mobility services• car rental companies• companies with a fleet of vehicles• insurance companies• companies involved in autonomous cars.

The CARFIT PULS is marketed by auto care partners for sale to consumers.

CARFIT is a technology company in the autotech andconnected car space, located in the United States, Franceand Hong Kong.

Portland-OR and Lille are R&D centers, while Parisprovides marketing and commercial development. CARFIThas about fifteen employees and continues to recruit.

CARFIT and the CEA have created a joint laboratoryaround predictive maintenance based on vibrationanalysis at Saclay near Paris.

Awards and selectionsSince its inception in 2016, CARFIT has received numerous awards and recognitions from the automotive industry, and participates in several prestigious acceleration programs.

• Winner of Top 10 Excellence Project 2016, Hong Kong, China, December 2016

• Winner of French Tech Ticket Program, Paris, France, January 2017

• Finalist of Onboard Venture Discovery Program 2017, Barcelona, Spain, May 2017

• Winner of Valeo Best Start Up "Automotive Experience 2025" at Viva Technology, Paris, France, June 2017

• Winner at Michelin’s Global Sustainability Summit 2017, Montréal, Canada, June 2017

• Selected for Rocketspace Mobility Acceleration Program, San Francisco, June 2017

• Finalist of the FIA Smart Cities Startup North America 2017, Montréal, Canada, 2017

• Selected for Bpifrance Le Hub Corporate Acceleration Programme, Paris, France, September, 2017

• PlugandPlay Mobility Acceleration Program, Sunnyvale, California, 2017

• Startup Autobahn, October 2017

• Allianz Accelerator, January 2018

• Impact China Business France, February 2018.

Media KitExplanatory video : https://goo.gl/wQ5TFsLogos and images : https://goo.gl/e7dBM6Press contact : press@car.fit