Openlane. has filed a patent for a system and method for self-inspection of vehicles using a mobile device application. The application can detect wear and damage, provide cost estimates for repairs, and dynamically update costs as additional damage is input. The patent claim outlines the specific functionalities of the mobile device in this process. GlobalData’s report on Openlane gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Openlane, AI-assisted repair estimation was a key innovation area identified from patents. Openlane's grant share as of January 2024 was 41%. Grant share is based on the ratio of number of grants to total number of patents.
Vehicle self-inspection system using mobile device with camera
The patent application (Publication Number: US20230410282A1) describes a system involving at least one mobile device equipped with a camera, display, memory, and processor. The processor is programmed to generate first and second damage reports for a vehicle by obtaining images from the camera for predetermined views. The system then identifies and highlights any discrepancies between the two reports, indicating damage to the vehicle. Additionally, the processor can provide cost estimates for repair or replacement based on the identified discrepancies, aiding in the assessment of damage costs.
Furthermore, the system allows for the identification of discrepancies in multiple predetermined views, with the processor generating cost estimates for each view and providing a total cost for repair or replacement across all views. The mobile device can be used for rental or leased vehicles, with the camera capturing images at the beginning and end of vehicle use. The system can also differentiate between lessees and lessors of the vehicle, assigning specific mobile devices accordingly. Overall, the system streamlines the process of documenting vehicle damage, analyzing discrepancies, and estimating repair costs, offering a comprehensive solution for vehicle assessment and management.
To know more about GlobalData’s detailed insights on Openlane, buy the report here.
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