Smartcar offers a cloud-based developer platform that allows applications to connect with vehicles to request location, verify mileage, share digital car keys, manage EV charging, and more. Its APIs serve customers across auto insurance, car sharing, EV charging, fleet management, utilities and tolling solutions. The platform is compatible with 22 vehicle makes in 31 countries across North America and Europe, enabling connections to over 112 million cars globally. Smartcar is used to optimize EV charging, support usage-based insurance, and enable software-based road usage charging programs. The company plans to use new funding to grow U.S. operations, accelerate expansion into Europe, introduce new vehicle telemetry APIs, and broaden compatibility with additional car brands. Smartcar raised $24M in a Series B to support those initiatives. Smartcar is a Mountain View, CA-based connected car platform led by co-founder and CEO Sahas Katta. The company’s platform lets developers read vehicle data and send commands using HTTP requests to vehicles within a single engineering suite. It leverages embedded telematics hardware already present in vehicles and supplies SDKs and comprehensive API documentation to help developers get started. Smartcar offers APIs, SDKs, and documentation to enable the building of connected-car applications across vehicle fleets. The company raised $10M in a Series A financing led by New Enterprise Associates with participation from Andreessen Horowitz. Smartcar plans to use the funds to grow the team, iterate on its core platform, and build out the developer experience to support more vehicle brands.

Total raised

$34M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2022