Green Motion South Africa Unlocks 51.8% Revenue Growth with RateGain's AI Pricing Engine for Car Rentals

RateGain Travel Technologies Limited (RateGain), a global provider of AIpowered SaaS solutions for the travel and hospitality industry, today announced the significant success of Green Motion South Africa with Rev-AI, its AI-powered demand forecasting and dynamic pricing platform.

A key player in South Africa's car rental market, Green Motion South Africa has built its reputation on sustainability and service excellence. However, managing pricing across a growing fleet in a volatile postpandemic landscape presented new challenges. By adopting Rev-AI by RateGain, Green Motion South Africa overcame key operational hurdles, introducing intelligent automation to streamline pricing, centralize insights, and enhance revenue performance during peak demand periods.

Key outcomes include:

- 51.8% Revenue Growth: Leveraging Rev-AI's demand-responsive pricing during the Oct-Dec 2024 peak season delivered a 51.8% uplift in revenue.

- 24% Increase in Revenue Per Day (RPD): Automated pricing optimization drove higher returns across bookings.

- 15+ Million Real-Time Price Updates: Rev-AI executed more than 15 million rate changes in just three months, ensuring pricing was aligned with demand shifts.

- 150+ Hours of Manual Work Saved: Automation replaced manual pricing updates, saving over five hours daily and enabling the team to focus on fleet strategy and operational expansion.

Avinaash Singh, National Yield and Fleet Manager at Green Motion Car, Van & Truck Rental South Africa, shared, "Rev-AI is our control centre. It runs on the pricing strategy we've set, combined with live utilisation data, so I don't have to monitor pricing all day. It automatically adjusts rates and shows when to increase or reduce the fleet depending on how far out bookings are, how utilised the fleet is, and whether we can maintain a profitable rate. We save at least five hours every day, and that gives me more time to focus on what's happening across the branches."

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 468.60 as compared to the previous close of Rs. 473.90. The total number of shares traded during the day was 11738 in over 805 trades.

The stock hit an intraday high of Rs. 480.95 and intraday low of 465.50. The net turnover during the day was Rs. 5525919.00.

Source : Equity Bulls

Keywords

RateGainTravelTechnologies INE0CLI01024 GreenMotion SouthAfrica