Newcastle Upon Tyne, United Kingdom
The Algorithm People is a UK-based startup founded in 2019, specializing in AI-driven route optimization software called Optimize. The software has demonstrated the potential to achieve savings and efficiencies of up to 30%. The company's expertise lies in optimizing ultra-low emission and electric vehicles (EVs), aiding fleets in enhancing vehicle utilization, cost reduction, and emissions reduction through algorithmic solutions.
Their AI-driven algorithms not only streamline the planning process but also identify suitable vehicles and routes for EVs and last-mile delivery, maximizing return on investment. The company's recent £500.00K Venture Round investment in September 2019 reflects a growing confidence in their innovative approach.
