5 SaaS Startups in the Automotive Industry

January 24, 2023

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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.

FUSE Autotech

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

Company details:
Founders:
Andrew Walser, Elie Wurtman
Founded:
2020
Based in:
Bloomington, Minnesota, United States
Industries:
Automotive, E-Commerce, FinTech, SaaS, Software
Latest funding:
$10,000,000
Series A
12 August 2021
Total funding:
$13,500,000
Investors
Target Global, Walser Automotive Group, PICO Venture Partners, Mark Tluszcz, Christopher Muhr

Servislet

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.

Company details:
Founders:
Cevdet Ertürk, Deniz Ozcan, Gokmen Bolayir
Founded:
2017
Based in:
Ankara, Ankara, Turkey
Website:
Servislet
Industries:
Automotive, E-Commerce, Enterprise Software, Marketplace, SaaS
Latest funding:
$12,000,000
Series A
1 December 2021
Total funding:
$22,058,671
Investors
Keiretsu Forum, Alesta Yatırım, Ethos Capital, Autostop Global, Emrullah Eruslu

Shopmonkey

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.

Company details:
Founders:
Ashot Iskandarian
Founded:
2016
Based in:
San Jose, California, United States
Website:
Shopmonkey
Industries:
Automotive, Cloud Management, Information Technology, SaaS, Software
Latest funding:
$75,000,000
Series C
15 July 2021
Total funding:
$110,000,000
Investors
Bessemer Venture Partners, Headline, Index Ventures, ICONIQ Growth, I2BF Global Ventures

Stratio

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.

Company details:
Founders:
Ricardo Margalho, Rui Sales
Founded:
2017
Based in:
Lisbon, Lisboa, Portugal
Website:
Stratio
Industries:
Artificial Intelligence, Automotive, Big Data, Fleet Management, Logistics, Machine Learning, SaaS, Transportation
Latest funding:
$12,000,000
Series A
29 November 2021
Total funding:
$15,365,459
Investors
LocalGlobe, Crane Venture Partners, Forestay Capital

Vulog

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.

Company details:
Founders:
David Emsellem, Georges GALLAIS
Founded:
2006
Based in:
Nice, Provence-Alpes-Cote d'Azur, France
Website:
Vulog
Industries:
Automotive, Car Sharing, Ride Sharing, SaaS, Software, Subscription Service, Transportation
Latest funding:
$31,498,237
Series C
20 January 2021
Total funding:
$63,417,283
Investors
European Investment Bank, Bpifrance, ETF Partners, Frog Capital, Inven Capital

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