Fueloyal developed and launched a internet connected device called Smart Fuel Cap that uses data and analytics to solve the $10B/year problem of overspending on fuel, fuel theft, and company fuel card misuse in the US trucking industry.
The patented, retrofitted device can be installed in just 5 seconds on any 18-wheeler truck, allowing trucking companies to save an average of $300 per truck each month.
Very simple actually - that is what makes it great solution.
In simple words - It will measure the amount of fuel that went inside of the fuel tank (this way it forces drivers to put entire purchased amount of fuel inside of the fuel tank) and due to dual layer of anti siphoning protection it will make sure nobody can take the fuel out of the fuel tank,
Once it measure the ammoniate of added fuel by using 3G modem it will send the data to the company Headquarter/Computer and it will match those results with fuel card/debit card/credit card bill. If there is any mismatching it will alarm the company.