Tallinn, Estonia, June 17, 2024 – Bamboo Apps is proud to announce that it has received a grant from the European Union to support the development of a new digital product, IVO (In-Vehicle Onboarding application). The aim of the project is to increase the vehicle’s usage efficiency and use driver assistance to promote its smart functionality.
Bamboo Apps passed all the checks for compliance with The Minister of Entrepreneurship and Information Technology’s regulation on supporting entrepreneurial product development. This gave The Estonian Business and Innovation Agency a strong base to award Bamboo Apps the grant of €305,427.15.
The product development will result in the release of IVO, an in-vehicle infotainment application with a smart voice assistant, and a mobile app. The infotainment app will be made in the form of a smart onboarding system for the driver and will give drivers with real-time relevant suggestions and recommendations. The mobile application will provide a complex augmented reality (AR) tour to allow the driver to learn about the vehicle’s controls and units.
The IVO project is a result of experience gained from working with the giants in the automotive industry like Jaguar Land Rover, Rinspeed, Mitsubishi Electric, Škoda, and others.
The target audience of IVO is original equipment manufacturers (OEMs), dealerships, rental and car sharing companies, and commercial vehicles.
“We are thrilled to receive this support from the European Union, which will enable us to bring our application to life,” said Vlad Yevteyev, Chief Strategy Officer of Bamboo Group. “We strive to transform how drivers interact with their vehicles and make the experience safer, more efficient, and environmentally friendly.”
About Bamboo Apps
Bamboo Apps is an Estonian automotive software development company that specializes in designing and building custom software solutions for the automotive and mobility industries. Its key competencies include car connectivity, HMI development, mobility solutions, and other.
