Vedanta Spark is a global corporate innovation & ventures program aimed at strategic innovation and investments initiatives such as joint technology and product development, commercial partnerships, equity investments, and strategic acquisitions with start-ups through open industrial innovation.
MachineMax were delighted to have been selected as one of the 23 start-ups for the programme following their meticulous screening process. Since then we were named as one of the top start-ups of the Inaugural Cohort, and with the help of Vedanta Spark we are currently piloting our award winning equipment management platform to improve the operational efficiency of moving equipment at Hindustan Zinc, SK Mines and Vedanta Zinc International simultaneously.
By adopting digital solutions, HZL has seen a significant improvement of 7% in the overall asset utilization over the course of one quater. HZL is aiming to empower its businesses to culture digital solutions across its verticals through the Spark program.
“MachineMax Emerged as one of the top start-ups of the Inaugural Cohort of Vedanta Spark and it has risen fast as a leading player of equipment management with its cutting edge loT sensors and AI for maximizing the profitability of off-highway fleet in the mining and construction sector” – Vedanta Spark
In conclusion, MachineMax has been named as one of the top start-ups of the inaugural cohort of Vedanta Spark, a program run by Vedanta, a leading natural resources conglomerate. The company is currently piloting its award-winning equipment management platform at Hindustan Zinc, SK Mines, and Vedanta Zinc International, resulting in a 7% improvement in asset utilization over one quarter. The platform uses cutting-edge IoT sensors and AI to maximize the profitability of off-highway fleet in the mining and construction sector. Through Vedanta Spark's partnerships, resources, and investment, MachineMax has been able to progress within the industry and strengthen its offerings.