Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Google suggests opening a play store for more real money games in India

July 30, 2025

Palo Alto Networks agrees to buy Cyberark for $25 billion

July 30, 2025

Germ brings end-to-end encrypted messages to BlueSky

July 30, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    Google suggests opening a play store for more real money games in India

    July 30, 2025

    Germ brings end-to-end encrypted messages to BlueSky

    July 30, 2025

    A guide to using editing, a cap cut rival for short video editing in meta

    July 30, 2025

    The genai app doubled revenue and grew to 1.7b downloads in the first half of 2025

    July 30, 2025

    Tiktok adds new parent controls, tools for creators

    July 30, 2025
  • Crypto

    Telegram's Crypto Wallet will be released in the US

    July 22, 2025

    Indian Crypto ExchangeCoindCX confirms $44 million stolen during hack

    July 21, 2025

    North Korean hackers blamed record-breaking spikes in 2025

    July 17, 2025

    Bitcoin surpasses $118K at the second highest high in 24 hours

    July 11, 2025

    Vitalik Buterin reserves for Sam Altman's global project

    June 28, 2025
  • Security

    Palo Alto Networks agrees to buy Cyberark for $25 billion

    July 30, 2025

    Hackers stole Social Security Number during Arians Life Cyber Attack

    July 30, 2025

    Minnesota activates the National Guard as St. Paul's cyber attack disrupts public services

    July 30, 2025

    Skechers make kids shoes with hidden air tag compartments

    July 30, 2025

    Google says the UK government has not requested an encryption backdoor for users' data

    July 29, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    How New Jersey Startups Find Inspiring Ways to Cut Copper Costs

    July 30, 2025

    Humanity reportedly approaches a $1700 billion valuation, a potential $5 billion round

    July 29, 2025

    The Greek startup is challenging the defence giant with low-cost autonomous weapons systems

    July 29, 2025

    Go inside: Volunteering in the 2025 destruction

    July 29, 2025

    Do startups still need Silicon Valley? Check out 2025 Surpt

    July 28, 2025
TechBrunchTechBrunch

BANF's smart truck tires promise to save fuel and lives

TechBrunchBy TechBrunchOctober 29, 20244 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


The health of your tires has a huge impact on your truck's fuel efficiency and road safety.

But despite all the arguably attractive solutions that offer driver assistance features and self-driving software, tires don't get the attention they deserve. At least that's what Ron Lee, director of business development at BANF, a startup that develops hardware and software to monitor tire health, says.

South Korea-based BANF, which stands for Begin A New Feature, uses sensors to collect data on tire pressure, temperature, tread wear, wheel alignment, and even lug nut stability. That data is analyzed using machine learning to provide drivers and fleet managers with insights into not only tire health, but also cargo load measurements and road surface conditions. According to Lee, BANF's insights are up to 90% accurate and useful to everyone from fleet management companies to OEMs to the transportation sector.

“Tires are the only point of contact with the road,” Lee told TechCrunch. “We are not saying that we are replacing vision-based methods of capturing potholes and road conditions, but rather a complementary solution. This is one of the key metrics that road managers need to know because they have limited budgets and need to know where to prioritize.”

The four-year-old startup, which has operations in South Korea and China and plans to launch in Texas, will launch at a time when self-driving trucks are gaining a foothold on highways. There is.

“The purpose of self-driving cars is to operate 24/7 to maximize profits, which means more stress on the tires,” Lee said, adding that electric cars also weigh less due to their batteries. He pointed out that it would be heavier and could wear out the tires. “Tire data will become even more important in the future.”

Tire industry incumbents have embraced smart tire technology in recent years, winning customers for AV startups. Both May Mobility and Kodiak Robotics utilize Bridgestone's in-wheel sensors and predictive algorithms to monitor tire condition, and Gatik utilizes Goodyear's road friction sensing technology. In 2022, Bridgestone invested in Tirata, a tire sensor and data management startup, and in 2021 in Goodyear-backed Tactile Mobility, which uses virtual sensors and cloud computing to estimate tire grip.

BANF, a participant in the TechCrunch Disrupt 2024 Startup Battlefield, has a slightly different solution than other companies in the industry. The main part of the company's hardware product is a “triaxial” sensor attached to the tire's inner liner that measures motion and forces along the X-axis, or the length of the track, such as acceleration and deceleration. Capture left and right movement in the Y axis, such as when a truck turns or turns. It measures the truck's Z-axis, or up and down, movement, such as bumps and road vibrations.

Image credit: BANF

This sensor also has pressure and temperature sensors and can send raw data via Bluetooth to the next piece of hardware in the BANF stack, the “smart profiler.”

The Profiler works as a transmitter, receiver, and charger in one. It is mounted on the truck's mud flaps and connected to the vehicle's battery, allowing it to provide wireless power and continuous power supply to the sensor. It also facilitates the transfer of sensor data to wherever the client wants to receive it, such as telematics devices, fleet management devices, or even vehicle on-board systems for real-time monitoring and analysis.

Lee said the entire system costs $50 per vehicle per month. He also said BANF's technology can save fleet owners up to $4,500 per truck per year in fuel consumption and tire maintenance.

BANF is currently collaborating with Volvo Group, Hyundai Motor Group and DHL on various projects. Lee said BANF's technology is currently installed in 123 vehicles, including four passenger cars, and the rest in Class 8 trucks operating in Sweden, the United States, India, South Korea and China. That's what it means.

The executive said BANF will work with a major US tire manufacturer to commercialize the startup's technology through a profit-sharing agreement by the end of 2026.

Source: BANF Image credit: BANF

BANF raised $5 million in pre-Series A last year and is close to closing a $12 million Series A round, Lee said. BANF aims to start trading on the Korea Stock Exchange at the end of 2027 and then challenge for a US Nasdaq IPO. But Lee said BANF has other exit opportunities available.

“We have a lot of exit options, not just tire companies,” Lee said. “We could be very beneficial to commercial vehicle manufacturers in gaining market share, and even fleet management companies, telematics equipment companies and insurance companies.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

Google suggests opening a play store for more real money games in India

July 30, 2025

Palo Alto Networks agrees to buy Cyberark for $25 billion

July 30, 2025

Germ brings end-to-end encrypted messages to BlueSky

July 30, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.