About Pitstop Connect
Pitstop Connect is a company based in Kitchener (Canada) founded in 2015 was acquired by Fullbay in March 2026.. Pitstop Connect has raised $5.47 million across 6 funding rounds from investors including Sensata, Fullbay and Océ. Pitstop Connect offers products and services including Fleet Maintenance Software, Predictive Maintenance, and Work Order Management. Pitstop Connect operates in a competitive market with competitors including Fleetio, Uptake, Aurora Labs, Whip Around and Preteckt, among others.
- Headquarter Kitchener, Canada
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of Pitstop Connect
Pitstop Connect offers a comprehensive portfolio of products and services, including Fleet Maintenance Software, Predictive Maintenance, and Work Order Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for predicting vehicle issues and automating maintenance tasks.
System that forecasts faults using sensor data for timely repairs.
Platform for creating and tracking maintenance orders efficiently.
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Funding Insights of Pitstop Connect
Pitstop Connect has successfully raised a total of $5.47M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.8 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $3.8M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Pitstop Connect | Valuation | Tech Square Ventures | |
| Oct, 2020 | Amount | Series A - Pitstop Connect | Valuation | Sensata | |
| May, 2019 | Amount | Seed - Pitstop Connect | Valuation | Ripple Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pitstop Connect
Pitstop Connect has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Sensata, Fullbay and Océ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An alternative investment company focused on high-tech financial solutions.
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Founded Year | Domain | Location | |
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Seed and early-stage US venture capital investments are managed.
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Founded Year | Domain | Location | |
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Investments are directed by Automotive Ventures toward automotive sector companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pitstop Connect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pitstop Connect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pitstop Connect Comparisons
Competitors of Pitstop Connect
Pitstop Connect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fleetio, Uptake, Aurora Labs, Whip Around and Preteckt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are offered for maintenance and tracking.
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Risks in connected vehicle software are analyzed using AI algorithms.
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| domain | founded_year | HQ Location |
Web-based fleet inspection and maintenance software is provided.
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| domain | founded_year | HQ Location |
Predictive maintenance and remote diagnostics for vehicles are offered.
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| domain | founded_year | HQ Location |
AI and SaaS-based predictive maintenance for heavy-duty vehicles is delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pitstop Connect
Frequently Asked Questions about Pitstop Connect
When was Pitstop Connect founded?
Pitstop Connect was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Pitstop Connect located?
Pitstop Connect is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Pitstop Connect a funded company?
Pitstop Connect is a funded company, having raised a total of $5.47M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.11M, raised on Apr 14, 2016.
What does Pitstop Connect do?
Cloud-based solution for predictive maintenance of vehicles. The OBD device connects to the vehicle and sends vehicle ECU data to the cloud. Using AI and data analytics users get proactively informed about the vehicle health by the app. It sends vehicle health alerts to the users and also to service centres for vehicle maintenance-related support.
Who are the top competitors of Pitstop Connect?
Pitstop Connect's top competitors include Fleetio, Aurora Labs and Preteckt.
What products or services does Pitstop Connect offer?
Pitstop Connect offers Fleet Maintenance Software, Predictive Maintenance, and Work Order Management.
Who are Pitstop Connect's investors?
Pitstop Connect has 12 investors. Key investors include Sensata, Fullbay, Océ, Revenue Capital, and Tech Square Ventures.