Moeco was founded in 2018 by serial inventor Mit Gorilovsky. Its main mission is to integrate all data from the outside world into a single platform to optimize labor requirements and data transparency.
That same year, Ukrainian innovation entrepreneur Alexa Sinyachova joined our company, translating our mission into the language of business. Moeco joined the Plug and Play startup accelerator , and we found our first customers there.
One such customer was Japanese air-conditioner manufacturer Daikin. The company was facing a problem, namely that an air conditioner tasked with maintaining a constant temperature in variable conditions requires more frequent servicing. To increase the interval between services, Moeco installed temperature sensors in the air conditioners. These transmitted real-time data to the cloud, allowing for intelligent temperature control.
Another interesting challenge came from Schlumberger. The company wanted to optimize the cost of service maintenance for its equipment, which had to be carried out regularly to avoid stoppages. Moeco installed vibration and pressure sensors in the equipment and categorized the production areas into different types, depending on the load. We then fed this data into a program we had created that reported which equipment would need servicing in the near future (and which would not). This reduced costs by 40%, saving more than $3.6 million annually.
This valuable working experience showed us that it is not the trackers themselves that are important, but rather the data they provide. This led us to shift our focus.
Meanwhile, requests for logistics solutions have become more frequent.
One example is window manufacturer Velux. To transport its fragile loads, the company has developed special pallets made of highly durable materials, which are expensive and designed for repeated use. The problem was that only about half of the palettes were being returned after use. To address this, Moeco installed trackers on the pallets, which increased the return rate from 50% to 75%, saving Velux $1.1 million annually.
B2B company Dupont also presented an interesting challenge. The company was suffering reputational damage as the high-quality filters that it produced and supplied were frequently arriving with the end customer in poor condition . Dupont needed to determine precisely where in the logistics chain the issue was occurring. So, we installed trackers that sent real-time data to our web platform. As a result, the problem area in the supply chain was identified, the issue was addressed and the company’s reputation was restored.
We have improved in tandem with our partners. Our company offers two key products:
The first is our inexpensive, compact, disposable and convenient Moeco Act trackers, which offer simultaneous tracking of five parameters (location, light, temperature, humidity and shocks). We focused on sustainability when developing our trackers, and with each unit containing less than two grams of lithium, they can be recycled with plastic waste.
We aim to keep the cost of our trackers low, based on the smart-dust concept. This allows companies to track all their goods and optimize their processes while conserving both human and environmental resources.
The second is our Moeco Smart Dashboards SaaS platform. This displays data from trackers in real time, allowing you to set notifications when certain parameters are exceeded and to track stages at checkpoints using the built-in CRM system.
We are focused on logistics. Our mission — Tomorrow’s logistics. Today.