Loopit named winner for 2022 Australian Business Awards in two categories

Loopit named winner for 2022 Australian Business Awards in two categories

Leading Australian car subscription company Loopit is celebrating wins at this year’s Australian Business Awards in two categories. The car subscription service was awarded top honours for best Tech Innovation and SaaS Innovation and follows their recent launch of the world-first innovative fraud prevention solution, TruPass for mobility services.

As the automotive industry continues to evolve, particularly in the last year with uptake in car subscriptions increasing significantly, it is essential for automotive companies to create and launch innovative services to maintain high demand. With Boston Consulting Group expecting that the global car subscription industry will be valued at AUD$54 billion by 2030, these developments bring exciting times to the team at Loopit and the wider automotive industry.

Michael Higgins, Managing Director and Co-Founder of Loopit said, “The Australian Business Awards is an integral part of the technology space, enabling car manufacturers to receive recognition for their innovative tech products and services. We at Loopit are committed to continuing to grow our services and expand our knowledge to enhance subscription models within the business landscape. To receive this recognition is an honour and privilege, and will continue to be a strong innovational company.”

The Australian Business Awards are an annual comprehensive awards program which recognises organisations that demonstrate the core values of business innovation, product innovation and technological achievement.

Loopit is a cloud-based end-to-end software solution that allows car dealerships, OEMs and emerging car subscription providers to offer car subscription-as-a-service to its customers. Car subscription services such as HelloCars have been increasing in popularity, with consumers looking for a more flexible alternative to traditional car ownership. 

The Loopit platform provides car dealerships and manufacturers with “subscription in a box,” including the software, training and services needed to offer car subscription to customers simply and easily. With Loopit integrated onto their websites, partners simply need to select cars from their stock to make available for subscription. Customers can then browse through the website, choose the car they want and subscribe online.