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Patent: World Moto bags Moroccan patent for Moto-Meter
Posted by BIP Staff In Patents 0 comment
World Moto, a company renowned for its advanced taxi-meter called Moto-Meter, has recently been awarded a patent from the patent office of Morocco for Moto-Meter. World Moto was earlier granted patents for the same invention in Nigeria and South Africa. Moto Meter is an advanced taxi-meter primarily used for calculating fares in moto-taxis.
The moto-taxis, also known as motorcycle taxis, are two wheeler vehicles which are used for transporting people. Market size of this product is estimated to be close to five hundred billion dollars. of late, the moto-taxis have gained popularity all over the world due to their ease of availability, lower operating costs, and convenience of use during peak hours. It is estimated that the number of moto-taxis in Bangkok alone supercedes total number of taxi cabs in the USA. At present there are over 20 million moto-taxis in over 100 countries, Nigeria topping list of countries with most number of moto-taxis.
In comparison with other taxi meters, the Moto-Meter has additional featurs such as Blackbox, GPS and advertisement display system. The Moto-Meter, which can be used in harsh and open environments as well, possesses various sensing means such as speed sensors, accelerometers etc which are used to capture data during accidents. World Moto is seeking patent protection for the Moto-Meter in 61 countries. The company’s CEO Paul Giles and CTO Chris Ziomkowski themselves are inventors of the Moto-Meter.
World Moto has gained prominence in India as well, and they have secured a pre-tender deal for supplying 90,000 Moto-Meters for auto rickshaws in Tamilnadu, where installation of meters with GPS system has been made compulsory by law.
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