Over 40,000 new vehicles enter Haifa Port annually; Ravin’s technology will continuously verify the physical integrity of the vehicles until they are loaded onto transport vehicles, minimizing risk and reducing financial exposure for Haifa Port
Ravin AI, a leader in AI-powered visual inspection across the fleet, rental, used car and insurance industries, announced today its partnership with Haifa Port, Israel’s largest port, in implementing Ravin’s Inspect, Autoscan and Eye tools to visually inspect new vehicles entering the country to pinpoint any damage done to vehicles during the transport, offloading and storage process.
With the marine transportation market for new vehicles worth billions of dollars a year, and damages to these vehicles estimated in the millions a year, invested parties including, ports, car manufacturers and insurers, are looking for concrete ways to identify damages in real-time and prove accountability in order to avoid the lengthy and expensive litigation that often occurs when there are damages.
Ravin’s technology will enable regular monitoring of each new vehicle’s condition by Haifa Port employees to ensure the physical integrity of the vehicles until they are loaded onto transport vehicles to distribution centers across Israel. The automated vehicle inspection platform will alert the port staff of any damages, in real-time, and will enable them to maintain regular control over a vehicle’s condition from the moment it arrives until it is shipped, thereby minimizing risk and financial exposure for Haifa Port.
Eran Fastman
“As Israel’s largest port, we’re dedicated to providing not only dependable unloading and storage services to the thousands of businesses that bring in goods daily, but also to ensuring an efficient and transparent process,” said Eran Fastman, Head of Procurement & Logistics and Innovation Division at Haifa Port. “Ravin’s technology will help us verify that the hundreds of thousands of new vehicles brought into Israel annually are delivered safely and continue the journey to the end customers in immaculate condition.”
Ravin’s technology captures the condition of a vehicle accurately by leveraging advanced computer vision and deep learning to analyze car damage to generate a 360-degree condition report. Scans can be done using existing CCTV and with mobile devices in minutes. The technology has already been successfully implemented by large companies including, Toyota, Hertz, and KAR Global.
“Every year millions of dollars in vehicle damage occurs during maritime transport and until they are delivered to the end customers, there can be a very costly and time consuming journey to determine the responsible parties in the supply chain,” said Eliron Ekstein, co-founder and CEO at Ravin AI. “By partnering with one of the largest ports in the Middle East, Ravin’s technology will eliminate much of this problem in the region by significantly speeding up the inspection process and increasing the accuracy of spotting damages by an order of magnitude. In the near future, we anticipate more global ports will adopt our proven technology.”
About Ravin AI
Ravin AI is an international provider of automated artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance, and remarketing customers around the world. Unlike other marketplace solutions, Ravin does not require its customers to purchase or install dedicated hardware but rather uses mobile and CCTV cameras. Ravin AI was founded in 2018 by Eliron Ekstein and Roman Sandler, and has raised $30M to date from investors including KAR Global (owner of ADESA auctions, AutoVIN inspection and more), PICO Venture Partners, FM Capital, and Shell Ventures. Strategic partners include Toyota Financial.
