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Mirae Asset Launches Global X China Little Giant ETF (2815) Offering Niche Markets Investment Opportunities

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Mirae Asset Launches Global X China Little Giant ETF (2815) to invest in 50 state-level specialized enterprises selected by the Chinese governmentMirae Asset is committed to providing opportunities to invest in China’s innovation and technology development

HONG KONG, Nov. 20, 2023 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited (the “Company” or “Mirae Asset”) announced the launch of Global X China Little Giant ETF (2815) today, providing investors with a diversified and efficient investment opportunity in innovative small and medium-sized enterprises (SMEs) with high growth potential benefiting from China’s policy dividends.

 

The Global X China Little Giants ETF (2815) tracks the Solactive China Little Giants Index, investing in securities of 50 nationally recognized “little giant” enterprises selected by the Chinese government. As China’s economy transitions from high-GDP growth to high-quality development, accelerating technological innovation has become a crucial initiative for achieving structural transformation and industrial upgrading. These “little giant” enterprises focus on niche markets, possess strong innovation capabilities, and demonstrate growth potential, aligning with the current needs of China’s economy and the development trends of the era, thereby offering vast growth opportunities.

The Global X China Little Giant ETF (2815) invests a group of potential enterprises that possess core specialized technologies and higher investment returns, allowing investors to conveniently and cost-effectively participate in China’s rapid growth in strategic sectors such as semiconductors, advanced manufacturing, pharmaceuticals, new energy, etc., enabling them to effortlessly ride the wave of the times.

Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, stated, “We are pleased to launch the Global X China Little Giant ETF (2815), providing investors with a simple and efficient way to invest in China’s rapidly growing technology industry. By introducing this ETF into our thematic product lineup, Mirae Asset continues to offer our clients investment products with growth potential. With the transformation of China’s overall economic structure and the continued development and upgrading in high-tech fields, we believe that the development of the innovative technology sector will be long-term and sustainable.”

The Global X China Little Giant ETF (2815) has a maximum total expense ratio of 0.68% for the first 12 months, applicable to both retail and institutional investors, and can be traded during normal trading hours on the Hong Kong Stock Exchange.”

About Mirae Asset Global Investments Group

Mirae Asset Global Investments Group (the “Group”) is an asset management organization with over US$212 billion in assets under management as of September 30, 2023. The organization provides a diverse range of investment products, including mutual funds, exchange-traded funds (“ETFs”), and alternatives. Operating out of 22 offices worldwide, the Group has a global team of more than 1,000 employees, including more than 285 investment professionals. [Source: Mirae Asset, September, 2023.]

The Group’s global ETF platform features a lineup of 550 ETFs that offer investors high-quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets. As of September 2023, the Group’s ETFs had combined assets under management of US$98 billion and are listed in Australia, Canada, Colombia, Hong Kong, India, Japan, Korea, Vietnam, the United Kingdom, and the United States. [Source: Mirae Asset, September, 2023.]

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 245 ETF strategies and over US$47 billion in assets under management. [Source: Mirae Asset, September, 2023.] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 18 global markets, and the Group’s managed assets worldwide exceed US$565bn in total AUM. [Source: Mirae Asset, June, 2023.]

Mirae Asset Global Investments (Hong Kong): https://www.am.miraeasset.com.hk/

Global X ETFs Hong Kong: https://www.globalxetfs.com.hk/ 

Important Information

Investors should not base investment decisions on this material alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

Global X China Little Giant ETF’s (the “Fund’s”) objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the Solactive China Little Giant Index (the “Index”).The Index is a new index. The Index has minimal operating history by which investors can evaluate its previous performance. There can be no assurance as to the performance of the Index. The Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history.The Fund may invest in small and/or mid-capitalisation companies which may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.The Fund’s investments are concentrated in companies which are characterised by relatively higher volatility in price performance. The Sub-Fund may be exposed to risks associated with different sectors and themes including semiconductor, industrial, pharmaceutical, energy and technology. Fluctuations in the business for companies in these sectors or themes will have an adverse impact on the net asset value of the Sub-Fund.Some of the companies classified as the Little Giants have a relatively short operating history. Such companies also face intense competition and rapid changes could render the products and services offered by these companies obsolete, which may have an adverse effect on profit margins.They may be more susceptible to risks of loss or impairment of intellectual property rights or licences, cyber security risks resulting in undesirable legal, financial, operational and reputational consequences affecting those companies.The Mainland China is an emerging market. The Fund invests in Mainland Chinese companies which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risk, currency risks or control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.Securities exchanges in the Mainland Chinese markets typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Fund.Listed companies on the ChiNext market and/or STAR Board are subject to higher fluctuation on stock prices and liquidity risk, over-valuation risk, less stringent regulation risk, delisting risk and concentration risk.As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. The borrower may fail to return the securities in a timely manner or at all. The Fund may suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests.The Fund’s synthetic replication strategy will involve investing up to 50% of its net asset value in financial derivative instruments (“FDIs”), mainly funded total return swap transaction(s) through one or more counterparty(ies). Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. FDIs are susceptible to price fluctuations and higher volatility, and may have large bid and offer spreads and no active secondary markets. The leverage element/component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund.The trading price of the Shares on the SEHK is driven by market factors such as the demand and supply of the Shares. Therefore, the Shares may trade at a substantial premium or discount to the Fund’s Net Asset Value.Payments of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment.

Disclaimer

This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.

Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.

Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.

Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited (“MAGIHK”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.

Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.

This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK.

Copyright © 2023 Mirae Asset Global Investments. All rights reserved.

 

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SOURCE Mirae Asset Global Investments (Hong Kong) Limited

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PyTorch Foundation Welcomes Nine New Members As Momentum Builds Around Open Source AI Center of Gravity

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October 20, 2026

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New Platinum members include Nebius, Nscale and Shopify, deepening the PyTorch Foundation’s role as the intelligence layer for open source AI development

SAN JOSE, Calif., Oct. 20, 2026 /PRNewswire/ — The PyTorch Foundation, a community-driven hub for open source AI under the Linux Foundation, today announced the addition of nine new members at PyTorch Conference North America 2026. Expansion of the PyTorch Foundation ecosystem signals increased advancements to come in open source AI, with the foundation serving as a compounding hub for innovation.

The Foundation welcomes the following new members:

Platinum: Nebius, Nscale, and Shopify Inc.Silver: LightSeek Foundation and Lablup Inc.Associate: SKOPOS INDIA FOUNDATION, Siksha ‘O’ Anusandhan, Messiah University, and Valencia College

“Open systems learn faster when more people, projects, and organizations are working together.”

AI innovation now happens across all stack layers simultaneously, with research, models, infrastructure, hardware, and production continuously driving each other forward. The PyTorch Foundation serves as the central hub of this interconnected ecosystem, uniting researchers, developers, and companies building open AI. Membership growth advances PyTorch as the critical enabler of AI hardware, with the future of AI innovation built on projects like PyTorch, vLLM, DeepSpeed, Ray, Helion, and Safetensors.

“Open systems learn faster when more people, projects, and organizations are working together, creating compounding gains,” said Mark Collier, executive director of the PyTorch Foundation. “Open source ecosystems let breakthroughs travel between organizations instead of staying locked inside one company. We are thrilled that these new members will share their advancements with the foundation in the pursuit of accelerated, open intelligence.”

Ecosystem Growth: PyTorch Foundation Member News 

Recent milestones across the PyTorch ecosystem highlight how AI itself is joining the learning loop to improve code, kernels, and research workflows. Updates include:

Bringing ExecuTorch to Arm Cortex-M CPUs – ExecuTorch now provides a direct path from PyTorch training to on-device inference. The Cortex-M backend enables PyTorch models to run directly on Arm Cortex-M CPUs with Arm CMSIS-NN acceleration. It supports all capability tiers (Scalar, DSP, and MVE/Helium) from a single workflow.The announcement of TorchNeuron –TorchNeuron is an open source native PyTorch backend for AWS Trainium (and corresponding Amazon EC2 instances: Trn2 and Trn3), enabling AI researchers and practitioners to experiment and run PyTorch workloads with a single configuration change. With eager execution, torch.compile, and native support for PyTorch APIs (DTensor, torch.distributed) and libraries like TorchTitan, TorchNeuron enables workflows from research experimentation to production deployment.Native PyTorch is now publicly available for TPUs – Google is proud to announce TorchTPU, native PyTorch for TPU developers, enabling developers to deploy models on TPUs with minimal code changes and access popular ecosystem projects (vLLM, SGLang, Ray, LLM-d).Extending Inductor for the IBM Spyre Accelerator – In a recent blog, IBM’s AI-native Spyre software stack extends PyTorch’s Inductor compiler and native runtime, reducing Spyre-specific compiler code by 7x while maintaining performance parity on tested workloads. AI-assisted development enabled support for thousands of models with just 44 adapters and approximately 10,000 lines of code, complemented by hardware-agnostic vLLM integration and continuous testing against upstream PyTorch updates.A new case study in which Shopify built a continual learning loop with PyTorch and vLLM – Using a continual learning loop with PyTorch and vLLM, Shopify compresses production failures into model weights every day, beating frontier-model quality, and cutting serving costs by 96%.

The open source community is gathering in San Jose for PyTorch Conference North America this week. From bare-metal infrastructure to applications and agents, the conference covers the entire AI stack, exploring the interconnected system building AI in the open. The foundation brings together practitioners focused on training, inference, kernel engineering, and responsible AI work, creating a hub for the future of open intelligence.

To learn more about the next breakthrough in open source AI, visit https://pytorch.org/foundation.

Supporting Quotes

“Lablup has built Backend.AI as an open-source project from the beginning, and PyTorch workloads run on our platform every day. We have benefited greatly from the PyTorch ecosystem over the years. Joining the PyTorch Foundation is our way of supporting the community that has helped us grow and contributing what we have learned from operating AI infrastructure at scale.”
– Jeongkyu Shin, Co-founder and CEO, Lablup Inc.

“Efficient inference is essential to making AI accessible at global scale, and we believe the infrastructure behind it must be open. PyTorch brings developers, researchers, and hardware innovators together around a shared foundation. Joining the PyTorch Foundation allows us to contribute directly to that ecosystem and help turn advances in models and hardware into practical improvements in performance, cost, and accessibility for the next generation of AI applications.”
– Yineng Zhang, President and Governing Board, LightSeek Foundation

“At Nebius, we believe the future of AI depends on a strong, connected ecosystem, from training to deployment. Joining the PyTorch Foundation as a Platinum member allows us to collaborate more deeply with the community and contribute our expertise in high-performance infrastructure and applied AI. Together, we can help developers and enterprises move more easily from experimentation to production and scale their AI applications.”
– Ryan Hanrui Wang, Senior Vice President, Applied AI, Nebius

“Most infrastructure providers treat the framework and the data center as two separate problems. We treat them as one. PyTorch has remained the base layer of AI because it kept the Pythonic style researchers know, while getting serious about performance. Ray, also part of the PyTorch Foundation, does something different: getting that work to run across thousands of GPUs. With Anyscale, the creators of Ray, set to join Nscale, we’re not just using that ecosystem, we’re building the infrastructure underneath it. Joining the PyTorch Foundation as a Platinum member is us backing that directly, not just benefiting from it.”
– Nick Jones, VP of Cloud Native Platform Engineering, Nscale

About the PyTorch Foundation
The PyTorch Foundation is the vendor-neutral home for the open source intelligence layer developers use for training, optimizing, serving, and running models on any chip in any cloud for any agent. As a community-driven hub hosted by the Linux Foundation, the PyTorch Foundation supports the core PyTorch framework alongside a growing portfolio of innovative projects including vLLM, DeepSpeed, Ray, Helion, and Safetensors. Through open governance, strategic support, and a global contributor community, the PyTorch Foundation empowers developers, researchers, and enterprises to build and deploy AI at scale. Learn more at https://pytorch.org/foundation. 

About the Linux Foundation
The Linux Foundation is the world’s leading home for collaboration on open source software, hardware, standards, and data. Linux Foundation projects, including Linux, Kubernetes, Model Context Protocol (MCP), OpenChain, OpenSearch, OpenSSF, OpenStack, PyTorch, Ray, RISC-V, SPDX and Zephyr, provide the foundation for global infrastructure. The Linux Foundation is focused on leveraging best practices and addressing the needs of contributors, users, and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

Media Contact
The Linux Foundation
pr@linuxfoundation.org 

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SOURCE PyTorch Foundation

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West Monroe Marks Third Annual Innovation Week by Showcasing Employee-Built AI Solutions and Investing in Future Innovators

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October 20, 2026

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Firm offers a public window into its internal AI Marketplace of 600+ employee-built solutions and announces AI education partnership with the Mark Cuban Foundation.

CHICAGO, Oct. 20, 2026 /PRNewswire/ — West Monroe, an AI-native global consulting firm, is marking its third annual Innovation Week by showcasing how employee-led innovation is transforming the way the firm works, creating measurable value for clients, and inspiring the next generation of AI builders.  

Taking place October 19–23, the week brings employees and leaders together to share innovations, collaborate on new ideas, and explore opportunities to turn promising solutions into lasting business value. The weeklong event reflects the firm’s broader approach to innovation: giving all employees the tools, resources, and opportunities to build solutions that can be scaled within the organization and for clients.

Giving the Public a Window into Employee-Led AI Innovation

For the first time, West Monroe is giving the public a look inside its internal AI Marketplace, a centralized collection of employee-created AI applications, super prompts, skills, demos, and other solutions.

West Monroe encourages everyone, regardless of technical background, to build with AI. The firm makes most of its AI tools, including Codex and Google AI Studio, available to all employees across the firm, empowering them to create their own solutions. Employees can then submit their innovations to the AI Marketplace, where approved solutions become available for others to discover, use, and build upon—saving time, sparking inspiration, and eliminating duplicative rework.

Examples of select applications featured in the public-facing experience include:

Prompt Clarity Coach: Guides users through a three-step process to turn new ideas into clearer, more effective AI prompts, helping them get better results from AI tools.Professional Development Planner: Helps people identify career goals, explore opportunities to develop new skills, and create personalized, actionable plans for professional growth.Restaurant Menu Insights Demo: Based on a demo developed for a client, this application analyzes restaurant menus to identify ingredient opportunities and product substitutions, connecting menu items to opportunities for growth, greater operational efficiency, consistency, and improved margins.

Additionally, the firm has mobilized a community of advanced AI builders, now representing 15% of West Monroe’s workforce. The Builder Community develops delivery assets and reimagines how the firm serves clients through AI.

“The people closest to the work often have the best ideas about how to make it better, and AI is making it possible for everyone, technical or not, to bring those ideas to life as tools and apps,” said Bret Greenstein, Chief AI Officer at West Monroe. “We’ve given our people the freedom to solve problems themselves, and they’ve built more than 600 solutions and counting to improve how we work and deliver value to clients. This is what being AI-native actually looks like: people at every level using AI to rethink how work gets done, sharing what they’ve created, and making the entire organization better.”

The public-facing experience builds on the June launch of westmonroe.ai, the firm’s public platform offering business leaders access to AI agents that help tackle strategic challenges, from assessing business model risks to evaluating AI readiness and talent strategies.

The firm’s internal AI Marketplace has already been featured in Business Insider and CIO.com.

Turning Employee Innovation into Business Value

Innovation Week also provides an opportunity for West Monroe employees to collaborate and turn ideas into practical solutions through the firm’s innovation competitions.

This year’s Innovation Week competition challenges teams to develop more effective ways of advancing the firm’s growing portfolio of technology assets, including how enhancements are prioritized, ownership is established, user experiences are improved, and feedback is incorporated. Participating teams will demonstrate approaches to help West Monroe scale promising solutions and continuously improve the value they deliver.

The competition has a track record of producing commercially successful solutions. During West Monroe’s 2024 Innovation Week, a team developed a prototype that became Intellio® Hopper, an AI-powered data modernization solution that reduces the time required to convert data for platforms like Databricks by 80%. Since its inception, the solution has generated about $50 million in sales.

“Some of our most valuable solutions started with employees seeing a problem and deciding there had to be a better way to solve it,” said John Rosato, Head of Technology at West Monroe, who is serving as a sponsor and judge for the Innovation Week competition. “Assets are a big part of how West Monroe is different and delivers faster, better results for clients. They allow us to take our expertise and turn it into something repeatable and scalable, which is why this innovation challenge is about investing in their acceleration.”

Finalists will present live demonstrations at the conclusion of Innovation Week, with winners receiving cash prizes.

Investing in the Next Generation of AI Builders

West Monroe is also extending its commitment to making AI innovation widely accessible through a partnership with the Mark Cuban Foundation.

The firm will host AI bootcamps for high school students this fall, which will introduce students to AI tools, ethics, and real-world applications through hands-on activities and a final capstone project. The Mark Cuban Foundation provides the curriculum and technology resources, while West Monroe hosts the program and provides employee volunteers as mentors.

“As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, Founder of the Mark Cuban Foundation. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with West Monroe, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

The partnership supports West Monroe’s mission to build the next generation of leaders and reflects the firm’s belief that the ability to understand, use, and build with AI should extend beyond traditional technical roles and backgrounds.

West Monroe’s commitment to AI innovation has earned significant industry recognition in 2026. The firm was named Overall AI Consulting Firm of the Year by the AI Breakthrough Awards, received a Gold Stevie® Award for AI-Driven Culture of Innovation at the Stevies American Business Awards, and was recognized by Forbes as one of America’s Best Management Consulting Firms, including for its AI consulting capabilities. Chief AI Officer Bret Greenstein was also named an AI Leader of the Year in the Stevie Awards.

For more information and to explore West Monroe’s public AI Marketplace preview, visit westmonroe.ai/ai-marketplace.

About West Monroe

West Monroe is an AI-native global consulting firm built for today’s pace of change. We combine deep industry expertise with modern technology and business transformation capabilities to help organizations move faster and deliver measurable impact with speed to value and certainty of results through execution excellence. We don’t just talk about what’s possible—we apply AI and technology where it matters most, pairing strategic insights with hands-on execution to help clients move from strategy to results, faster.

Clients tell us we show up differently. Our employee ownership model fuels an all-in approach grounded in practical execution, measurable impact, and lasting partnership. That commitment has earned recognition from Forbes and Business Insider and made West Monroe one of only 22 companies recognized worldwide for building high-quality careers.

 

See what’s possible at westmonroe.com.

Media Inquiries

Christina Galoozis

Director, Communications & Public Relations

cgaloozis@westmonroe.com

847-302-1762

 

Shira Cohen

Manager, Public Relations

scohen@westmonroe.com

443-841-6879

 

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SOURCE West Monroe

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Carpool Logistics Rolls Out Carpass, a Patent-Pending Secure Vehicle Release System, at No Additional Cost on Every Shipment

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6 minutes ago

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October 20, 2026

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Identity-verified, location-validated, time-limited release closes the gap between carrier assignment and physical handoff; full rollout across the Carpool network by year-end

ATLANTA, Oct. 20, 2026 /PRNewswire/ — Carpool Logistics, the vehicle logistics platform for dealerships, auctions, fleets, and OEMs, today announced the rollout of Carpass™, a patent-pending secure vehicle release system that ties every release to a verified driver, a validated pickup location, and a time-limited digital credential. Carpass joins carrier vetting, live GPS tracking, geo-tagged inspection photos, account-takeover monitoring, and role-based access controls in Carpool’s layered defense against fraud. It is rolling out across the Carpool network now, will be fully deployed by the end of 2026, and is included at no additional cost on every Carpool shipment.

A gate pass clears the vehicle. It does not clear the driver. Paper gate passes get forwarded, screenshots get reused, and at most dealerships a porter hands keys to whoever arrives with the right name. That gap between carrier assignment and physical handoff is where fraud, theft, and disputes live.

Carpass closes it. Before a vehicle is released, the driver’s identity must be verified against a government-issued ID and a live face match, the driver must be inside the pickup geofence, and the release credential must be active and unexpired. If any one fails, the vehicle does not move. At auctions, Carpass validates the driver against the existing gate pass. At dealerships, it creates a documented handoff where none existed.

“We’re in the trust business. A customer hands us a vehicle and expects it to leave the lot with the driver we assigned, not someone holding a forwarded gate pass,” said Mike Malakhov, Co-Founder and CEO of Carpool Logistics. “Carpass is how we prove that at the gate. We’re including it on every shipment because that trust shouldn’t cost extra.”

First-time drivers complete a one-time identity verification in the Carpool driver app. Once verified and inside the pickup radius, they receive the vehicle release details and a time-limited, encrypted QR code. Gate staff scan it with any smartphone camera, no app or login required, and see the driver’s verified name, photo, company, DOT number, and assigned vehicles. Codes cannot be screenshotted, forwarded, or reused, and every verification attempt and release is logged in a complete audit trail. The system also protects drivers from unauthorized use of their DOT numbers and identities and has already stopped attempted fraud during its pilot phase.

“Carpass runs on one rule: verify the driver, confirm the location, and enforce the time limit at the same moment, or the vehicle doesn’t move,” said Joe Norton, VP of Product at Carpool Logistics. “Every layer of the system, from the encrypted release codes to the geofence to the biometric match, exists because a gate pass clears the vehicle, not the person driving it away.”

Carpass requires no additional hardware or software for shippers or gate staff. Carpool has filed a patent application covering its multi-factor verification architecture. For more information, visit https://www.carpoollogistics.com/carpass.

About Carpool Logistics

Carpool Logistics is a vehicle logistics platform that moves cars for dealerships, auctions, fleets, and OEMs. Founded in 2021 and headquartered in Atlanta, Carpool runs pricing, dispatch, tracking, and documentation in a single proprietary platform built for vehicles, with every shipment executed by one of more than 13,000 vetted carriers, tracked in real time, and documented at the VIN level. Carpool has delivered more than 450,000 vehicles, including 210,000+ in the past twelve months, with a 99.8% claim-free rate in 2025. Learn more at www.carpoollogistics.com.

Media Contact:
Austin Bryan
Head of Marketing, Carpool Logistics
austin.bryan@carpoollogistics.com
(404) 666-7136

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SOURCE Carpool Logistics

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