Australia’s leading car subscription company Lupita celebrates winning two categories at this year’s Australian Business Awards. The car subscription service has been awarded the top awards for the best technical and SaaS innovation and after the recent launch of the world’s first innovative fraud prevention solution TruPass for mobility services.
As the automotive industry continues to evolve, especially in the last year when the number of car subscriptions has increased significantly, it is very important for car companies to create and launch innovative services to maintain high demand. With the Boston Consulting Group expecting the global car subscription industry to be worth A$54 billion by 2030, these developments will bring exciting moments for the Loopit team and the car industry as a whole.
Michael Higgins, Managing Director and Co-Founder Lupita said: “The Australian Business Awards is an integral part of the technology space, enabling car manufacturers to be recognized for their innovative technology products and services. We at Loopit are committed to continuing to expand our services and expand our knowledge to improve subscription models in the business landscape. It is an honor and a privilege to receive this recognition, and I will continue to be a strong, innovative company.”
The Australian Business Awards is an annual comprehensive award program for organizations that demonstrate the core values of business innovation, innovative products and technological advances.
Loopit is a cloud-based end-to-end software solution that enables car dealerships, OEMs and new car subscription providers to offer car subscription as a service to their customers. Car subscription services like HelloCars are growing in popularity as consumers look for a more flexible alternative to traditional car ownership.
Loopit’s platform provides car dealerships and manufacturers with a “subscription in a box” including the software, training and services they need to make it simple and easy to offer car subscriptions to customers. By integrating Loopit into their websites, partners simply need to select cars from their inventory to make them available for subscription. Customers can then browse the website, select the vehicle they want and sign up online.