AISIN Partners with Sheeva.AI to Enable In-Vehicle Payments on Their Location-Based Services platform

AISIN Corporation, a top-ten Tier One global automotive supplier, has partnered with Sheeva.AI, a leading in-vehicle commerce platform, to provide customers of the AISIN Location-Based Services platform (LBS-SDK) with easy integration of payments within their In-Vehicle Infotainment (IVI) systems.

Using this novel solution, drivers can pay for many goods and services, such as gas, parking, and EV charging with just a tap on their vehicle's screen.

"AISIN has made a strong push to be at the forefront of innovation to address a wide variety of mobility issues"

While known for its automotive parts, AISIN's Connected & Sharing Solutions (CSS) Department is also a global leader in automotive technology, having supplied navigation systems from the early embedded systems to vehicle-first hybrid systems for over four decades. In 2021, AISIN launched a fully integrated cloud-based navigation system.

"Along with the introduction of our cloud-based navigation system, AISIN has made a strong push to be at the forefront of innovation to address a wide variety of mobility issues," said Atsushi Osaki, vice president of the CSS Division at AISIN Technical Center of America."One such innovation is our jointly developed in-vehicle payment solution which can help streamline the user experience and reduce complications that drivers face at EV charging stations, parking lots, gas stations, and more."

"AISIN is the ideal match to make in-vehicle commerce a reality for our automotive and services partners alike," said Evgeny Klochikhin, CEO and founder of Sheeva.AI. "Integrating our platform into one of the leading navigation systems helps Sheeva.AI quickly reach millions of drivers and lets them experience our easy-to-use, one-touch service activation and payment from the vehicle's infotainment screen or OEM-branded mobile app."

How the new payment platform works

AISIN's In-Vehicle Payments solution leverages the LBS-SDK's high-accuracy location data and deep vehicle integration expertise. The solution combines Sheeva.AI's location-based payment platform, proprietary merchant geofence database, and detection algorithm to create a one-of-a-kind contextual payment experience that turns every vehicle into an intelligent digital wallet that activates when needed and disappears when it is not.

The payment solution also integrates AISIN's core navigation features. By combining AISIN's location-based services technology with Sheeva.AI's data, the AISIN system can now guide drivers directly to precise points of interest, such as parking spaces with an EV charger instead of a general hotel or shopping center parking lot.

The solution aggregates merchants and service providers into a single payment account, enabling drivers to use one payment method for all services. A single payment account eliminates the need for drivers to sign up for multiple apps and programs. For example, EV charging can be as easy as pulling up to a charger and plugging in, delivering today on the "Plug and Charge" goal of the ISO 15118 standard.

This new payment platform is production-ready and is already being integrated with several OEMs globally.

About AISIN Corporation

AISIN Corporation is a top ten, global Tier One supplier of essential automotive components, systems and technologies for OEM and aftermarket customers. AISIN has contributed to the rapid development of mobility with a wide range of products that include nearly all product categories that comprise a vehicle, such as Powertrain, Body, Electronics,Chassis & Vehicle Safety Systems, and Connected & Sharing Solutions. A$32 billion company, AISIN Group has 200 consolidated companies and employsmore than 120,000 people. In the Americas, AISIN Group companies include 14,000 team members, 40 manufacturing, sales, and R & D centers, including AISINTechnical Center of America, part of a growing network of technology development centers around the United States, with locations in Plano, Texas; Northville, Ann Arbor, and Fowlerville, Michigan, home of the company's950-acre test track and proving ground. AISIN is a leading supplier of electrified components for EVs, BEVs, PHEVs and HEVs. AISIN has been an automotive parts manufacturer in North America since 1987 when it established AISIN USA Manufacturing in Seymour, Indiana, and has invested more than $3.5 billion in numerous communities in the US, Canada and Mexico.

Visit: https://www.aisin-mobility.com/

About Sheeva.AI

Sheeva.AI's in-car payments and commerce solution introducesvehicle location-based services to monetize the driver experience. Using apatented precise geolocation technology, drivers seamlessly pay for and receive services such as fueling, EV charging, parking, curbside pickup and drive-through via their car's IVI screen.

Their SheevaConnect™ product suite includes the patentedSheevaLocate™, an embedded software that enables highly accurate vehiclelocation to within two meters; SheevaFence™, which enables proprietary geofencing/mapping of point-of-sale and service localization (e.g. down to anindividual fuel dispenser, EV charging spot, or parking space); SheevaPay™, a cloud-based contactless payment platform; and SheevaServ™, a cloud-based platform to activate nearby services, e.g. a fuel pump, EV charging station, or parking session.

More information is available at www.sheeva.ai, and demo videos are available at https://www.youtube.com/watch?v=PU6zPzmJkAI&t=6s

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