About Smartcar
Smartcar is a company based in Mountain View (United States) founded in 2015 by Sahas Katta.. Smartcar has raised $34 million across 2 funding rounds from investors including Andreessen Horowitz, NEA and Energize Capital. The company has 86 employees as of December 31, 2022. Smartcar offers products and services including Vehicle API, Smartcar Connect, and Dashboard Features. Smartcar operates in a competitive market with competitors including Telenav, Mojio, Otonomo, Monta and SWTCH, among others.
- Headquarter Mountain View, United States
- Employees 86 as on 31 Dec, 2022
- Founders Sahas Katta
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34 M (USD)
in 2 rounds
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Latest Funding Round
$24 M (USD), Series B
Jan 19, 2022
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Investors
Andreessen Horowitz
& 2 more
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Employee Count
86
as on Dec 31, 2022
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Products & Services of Smartcar
Smartcar offers a comprehensive portfolio of products and services, including Vehicle API, Smartcar Connect, and Dashboard Features. 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.
API for retrieving and controlling vehicle data like location.
Tool for collecting user consent for car integrations.
Platform to manage and monitor vehicle integrations securely.
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Funding Insights of Smartcar
Smartcar has successfully raised a total of $34M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $24 million completed in January 2022. 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 2
- Last Round Series B — $24.0M
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First Round
First Round
(01 Mar 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series B - Smartcar | Valuation | Energize Capital | |
| Mar, 2018 | Amount | Series A - Smartcar | Valuation | New Enterprise Associates |
| 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 Smartcar
Smartcar has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Andreessen Horowitz, NEA and Energize Capital. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital is provided for climate software and sustainable innovations.
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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 Smartcar
| 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 - Smartcar
| 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 |
Smartcar Comparisons
Competitors of Smartcar
Smartcar 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 Telenav, Mojio, Otonomo, Monta and SWTCH, 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 |
Connected car platforms and navigation solutions are provided by Telenav.
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| domain | founded_year | HQ Location |
Cloud-connected device and platform for cars
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| domain | founded_year | HQ Location |
Online platform offering a data marketplace for the automotive sector
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| domain | founded_year | HQ Location |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Provider of EV charging management systems
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| domain | founded_year | HQ Location |
Tech-enabled platform offering charging point management solutions
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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 Smartcar
Frequently Asked Questions about Smartcar
When was Smartcar founded?
Smartcar was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Smartcar located?
Smartcar is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Smartcar?
Sahas Katta is the current CEO of Smartcar. They have also founded this company.
Is Smartcar a funded company?
Smartcar is a funded company, having raised a total of $34M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Mar 01, 2018.
How many employees does Smartcar have?
As of Dec 31, 2022, the latest employee count at Smartcar is 86.
What does Smartcar do?
Provider of SaaS-driven API platform for connected car data. It enables mobility businesses to integrate their apps and services with connected cars that help them to retrieve vehicle data, verify mileage, manage EV charging, share virtual keys, and more. The solutions cater to fleet operators, car-sharing businesses, EV charging networks, auto insurance firms, etc.
What products or services does Smartcar offer?
Smartcar offers Vehicle API, Smartcar Connect, and Dashboard Features.
Who are Smartcar's investors?
Smartcar has 3 investors. Key investors include Andreessen Horowitz, NEA, and Energize Capital.
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