coModule

CoModule operates as a key technology supplier in the micromobility sector, providing Internet of Things (IoT) solutions for light electric vehicles (LEVs). Founded in 2014 by Kristjan Maruste, Welix Klaas, Teet Praks, and Heigo Varik, the company has its origins in the founders' experience building an electric racing car for a student competition. This background in electric vehicle engineering shaped the company's direction. After an initial project didn't proceed as planned, the team pivoted to focus on creating a connectivity platform for the burgeoning LEV market.

The company's business model is centered on providing "Connectivity as a Service" to B2B clients, who are primarily e-bike and e-scooter manufacturers, as well as fleet operators. CoModule offers a comprehensive platform that includes hardware, software, and data analytics. This allows vehicle manufacturers to integrate smart features into their products without developing the technology in-house. Revenue is generated by supplying this full-stack solution, which includes custom electronics, a mobile application for end-users, and a cloud-based analytics platform for the manufacturer. The company has established a vertically integrated process, managing everything from product design and in-house manufacturing at its factory in Tallinn, Estonia, to sales and support.

CoModule's core product is a hardware module that connects LEVs to the internet, collecting and transmitting data to the cloud. This enables a suite of features for both the vehicle owner and the manufacturer. For the end-user, benefits include anti-theft protection through GPS tracking, ride history, and real-time battery range information displayed on a companion mobile app. For the manufacturers and fleet operators, the platform provides valuable insights into vehicle performance and user behavior, which can inform product development, streamline warranty management, and enable remote diagnostics and software updates. By connecting vehicles, CoModule helps its clients improve customer engagement and operational efficiency. The company has connected over 750,000 vehicles globally and works with clients such as Swapfiets and Donkey Republic.

Keywords: micromobility IoT, light electric vehicle connectivity, e-bike technology, e-scooter solutions, IoT platform, connectivity as a service, vehicle telematics, fleet management solutions, smart bicycle technology, LEV data analytics, anti-theft for bikes, vehicle tracking, automotive electronics, emissionless transport, shared mobility technology, remote vehicle diagnostics, over-the-air updates, B2B mobility solutions, Tallinn tech, Estonian startup