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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
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TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

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Lightfoot

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United Kingdom

Founded in

2003 (23 Years)

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Last online: No recent activity

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BridgerPay

BridgerPay

(180 reviews)

foundedInCyprus

2017

(9 years)

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Company hasn't provided information.

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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Company Information

Get to know Lightfoot

Lightfoot is a UK-based technology firm that has developed a unique in-cab device and software platform aimed at improving driver behaviour. By providing real-time visual and audible feedback, the system coaches drivers to be smoother and more efficient, directly reducing fuel consumption, harmful emissions, and the risk of accidents. The platform also includes a rewards element, where drivers who achieve the 'Elite Driver' standard can access prize draws, discounts, and other benefits through a dedicated app. Fleet managers use a separate management portal to monitor fleet performance, track vehicles, and manage driver data. The company's mission is to make driving better for everyone by rewarding smoother, safer, and more sustainable driving habits.

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  • Technology Software DevelopmentPRIMARY
  • Financial Insurance

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Summarization

Lightfoot Overview

Lightfoot is a transformative telematics and fleet management solution designed to enhance safety, reduce costs, and promote sustainability for businesses with vehicle fleets. Founded in 2013 by Mark Roberts, the company's innovative approach stems from the recognition that inefficient hybrid van operation often originates from poor driving habits rather than technological limitations [1]. Lightfoot's unique strategy focuses on driver empowerment and engagement, leveraging real-time feedback and reward systems to incentivize safe and efficient driving behaviors. This includes cash prizes, giveaways, and leaderboard competitions, fostering a positive and competitive environment within the fleet [1][3].

Overview

Year of Establishment and Background Story

Year of Establishment: 2013
Background Story: Born from the observation of inefficient hybrid van usage, Lightfoot, founded by Mark Roberts, aims to cultivate better driving practices across entire fleets, ultimately leading to improved safety, cost savings, and enhanced environmental sustainability [1].

Key Milestones in the Company’s History and Growth

  • 2013: Founded by Mark Roberts
  • Innovative Approach: Pioneered a driver-centric approach to fleet management, integrating real-time feedback and driver reward programs [1][3].
  • Expansion: Successfully expanded to cater to diverse fleet sizes and types, encompassing petrol, diesel, and electric vehicles [3].

Regulatory Compliance and Licenses

Lightfoot operates as a private limited company registered in Scotland (Company number: SC229158). While the company was dissolved on June 4, 2019, its operations have continued under modified names and organizational structures [2].

Fleet Management Products and Services

Main Fleet Management Products

Types of Services Offered:

  • Fleet Management Solution: Provides a complete telematics package, incorporating in-cab driver coaching, rewarding programs, and AI-powered dashcams [3].
  • EV Telematics: Specifically designed for electric vehicle fleets, helping optimize charging routines, minimize downtime, and bolster safety [3].

Additional Services

Other Services Provided:

  • Customizable Dashboards: Offers adaptable dashboards for real-time fleet monitoring and detailed reporting capabilities [3].
  • Intelligent Insights: Delivers data-driven insights to help fleets streamline operations and reduce expenses [3].

Premiums and Pricing

Pricing Structure

As Lightfoot is not an insurance provider, specific pricing details are unavailable. However, the platform demonstrably assists fleets in lowering operational costs, reducing fuel consumption, minimizing maintenance expenses, and decreasing downtime [3].

Discounts and Special Offers

Currently, no specific discounts or special offers are advertised for Lightfoot's services. The company's emphasis rests on enhancing fleet performance through its advanced telematics solutions rather than promotional pricing strategies [3].

Customer Service and Support

Contact Methods

Available Customer Service Channels:

  • Phone: 01392 340 419
  • Email: [email protected] (sales) and [email protected] (support) [4].
  • Address: Lightfoot, Winslade Park, Manor Drive, Clyst St Mary, Exeter, EX5 1FY [4].

Availability of 24/7 Support and Multilingual Assistance

While Lightfoot offers customer support via designated channels, information regarding 24/7 availability or multilingual support is currently unavailable [4].

Pros and Cons of Lightfoot Fleet Management

Pros

Advantages of Choosing Lightfoot:

  • Fuel Savings: Potentially delivers up to 15% fuel cost reductions [3].
  • Collision Reduction: Can decrease collision rates by as much as 40% [3].
  • Environmental Impact: Contributes to reducing a fleet's environmental footprint through emission reduction and promotion of eco-friendly driving techniques [3].

Cons

Based on available information, no specific drawbacks or areas needing improvement related to Lightfoot's fleet management services have been identified.

Conclusion

Summary of the Main Points Covered in the Review

Lightfoot stands out as a comprehensive fleet management and vehicle tracking solution prioritizing safety, cost savings, and sustainability. Its approach centers on using real-time driver feedback and reward mechanisms to optimize driving performance. It supports various fleet types, including petrol, diesel, and electric vehicles, offering a robust telematics platform [1][3].

Recommendations on Who Would Benefit Most from the Company’s Fleet Management Offerings

Lightfoot's services are particularly beneficial for fleets aiming to enhance operational efficiency, cut expenses, and improve safety. Its innovative driver engagement strategy and comprehensive telematics suite make it a compelling option for fleets of all scales [1][3].

Frequently Asked Questions about Lightfoot Fleet Management

Answers to Common Questions about the Company’s Policies, Claims Process, and More

  1. What is Lightfoot? Lightfoot is a fleet management and vehicle tracking solution designed to improve fleet safety, reduce costs, and promote sustainability [1][3].
  2. How does Lightfoot work? Lightfoot utilizes real-time feedback and driver rewards to improve driving performance. It offers a complete telematics suite, including in-cab coaching and AI-powered dashcams [3].
  3. What types of fleets does Lightfoot support? Lightfoot caters to various fleet types, including those using petrol, diesel, and electric vehicles [3].
  4. How can I contact Lightfoot for support? Contact Lightfoot through its support channels: phone (01392 340 419) and email ([email protected]) [4].

References

  • [1] https://www.lightfoot.co.uk/about/
  • [2] https://find-and-update.company-information.service.gov.uk/company/SC229158
  • [3] https://www.lightfoot.co.uk
  • [4] https://www.lightfoot.co.uk/contact/
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