Innovestor tests Navigine’s indoor positioning technology at railwaystation in Moscow - Innovestor

Innovestor tests Navigine’s indoor positioning technology at railwaystation in Moscow

Innovestor tests Navigine’s indoor positioning technology at railwaystation in Moscow

Innovestor’s portfolio company Navigine, developer of a high-accuracy technology platform for indoor positioning, has successfully completed a pilot project at Leningradsky Railway Station in Moscow for Russian Railways (RZhD).

Russian Railways is one of the top three largest transport companies in the world with almost a million employees. Being governmentally owned, the company manages both infrastructure and operating freight and passenger services with total assets of EUR 50 billion.

The purpose of the pilot project was to test the technical features of Navigine’s indoor positioning technology at Leningradsky Railway Station, which is app. 6,000 sqm in size. As part of the pilot, some 60 bluetooth low-energy beacons (iBeacon) were installed inside the station.

Navigine’s product is a win-win solution for both visitors and operators of large buildings. The technology uses external infrastructure – iBeacon/Wi-Fi as well as internal smartphone sensors to determine position of the user with down to 1 meter accuracy. Built on Navigine’s platform, a mobile application can provide real-time navigation assistance for visitors to find specific places inside large buildings such as, for instance, railway stations. In an industrial environment, building operators are able to track and monitor the motion of assets and people.

 

Wilhelm Lindholm, Innovestor Partner and MD Russsia, and Tomi Asanti, a Finnish angel investor, visited Leningradsky Railway Station in Moscow on 17 Jun 2016. During the visit Wilhelm and Tomi were able to test Navigine’s indoor positioning technology in the demo mobile application developed by Enlighted (company from Navigine’s partners network) and also discuss the future plans of the company with Co-founder and CEO – Alexey Panyov. According to Alexey, Navigine’s service is planned to be rolled-out to almost all major stations across Russia based on the results of the successful pilot project at Leningradsky Railway Station.

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The funding round has been halted due to over-subscription.
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