SaaS startups have become the darling of Venture Capital investors, especially in the Automotive industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 5 VC funded SaaS startups in the Automotive industry.
Using technology to prepare the dealership for the future. FUSE offers a simple, quick, and transparent method for purchasing an automobile. FUSE minimizes operational bottlenecks and offers a smooth conversion from online to in-store purchases. It's a one-of-a-kind client experience that could only be achieved with a system designed entirely by dealers for dealers. Deals close more quickly when selling costs are lower. Customers benefit from the best, most affordable terms. Everyone benefits
Manufacturers, service providers, and sell-off sites in the automobile sector can use Servislet's SAAS and marketplace. By digitizing physical venues, Servislet builds micromarkets tailored to individual brands.
Process management software for car repair firms is offered by Shopmonkey. The platform keeps track of all payment-related information in a single shop management system, eliminating double entry and preventing missed unpaid bills. It allows for both in-person and online payments from customers and connects with Quickbooks. Shopmonkey makes use of built-in resources to SMS and email consumers. With only a few clicks, users may exchange invoices, inspection sheets, collect money, and automatically confirm and remind appointments. San Jose, California serves as the company's headquarters. It was established in 2016.
Stratio is the World’s Leading Real-time Predictive Fleet Maintenance Platform. The company’s proprietary technology combines large-scale processing with the latest machine learning techniques to prevent hundreds of thousands of breakdowns from happening every day, thus saving millions of people from the hassle of public transportation delays, postponed deliveries, or late arrival of essential goods. Stratio’s platform enables zero downtime for 5 of the 10 largest transportation companies in the world. Fleet operators in Europe, North America, Asia-pacific, and Latin America trust Stratio’s technology to fully leverage the data under the hood to safeguard operations, and keep customers happy. Stratio’s technology has enabled transportation for 1.3 billion people so far.
Vulog creates technological solutions that support globally effective shared mobility enterprises. It offers clever and adaptable SaaS mobility solutions, such as cutting-edge fleet management tools, user-facing mobile applications, and linked vehicle technology, to enable the rapid deployment of large-scale fleets. WeShare (Volkswagen), Wible (Kia Motors), Free2Move (Groupe PSA), Aimo (Sumitomo Corporation), and Evo (British Columbia Automobile Association) are just a few examples of the mobility service providers that can focus on long-term growth and profitability thanks to Vulog. Due to its extensive worldwide presence and AI expertise, Vulog is able to predict end-user demand more accurately than any other company while also maximizing fleet balance.