Sheeva.AI, an in-car payment and commerce solutions provider, has launched a new product called SheevaConnect as a part of its in-car commerce product suite.

SheevaConnect is a patented cloud-based platform accompanied by associated APIs and embedded software that enabled contactless payments for various nearby services such as fueling, EV charging, and parking. 

This technology utilizes proprietary algorithms to detect the location of the vehicle and applies mapping and geofencing to pinpoint specific service points (e.g. a gas pump, charging station, or parking spot).

SheevaConnect works in conjunction with the company's other products, “SheevaLocate” and “SheevaFence” technologies, delivering a product platform for routine in-car transactions.

Analyst QuickTake: Today’s product launch comes just three months after Sheeva.AI introduced “SheevaLocate” and “SheevaFence” technologies for similar purposes. SheevaConnect will further strengthen its product offering; we believe such a comprehensive product suite would help further its goal of expanding its reach in the US, India, Europe, and Japan—as announced earlier this year.