# Bahub Business Analysis Systems, Lda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bahub-business-analysis-systems-lda

- Industry: Software
- Headquarters: Lisbon, Portugal
- Website: www.drivit.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Sep 1, 2019)
- Investors on record: 2

## About

Bahub Business Analysis Systems, Lda. provides innovative telematics solutions, transforming smartphones into high-quality driving analytics devices. Their technology supports usage-based insurance and enhances mobility data insights for businesses.Bahub Business Analysis Systems, Lda., founded in 1996, is headquartered in Lisbon, Portugal. The company specializes in telematics solutions enabling advanced mobility analytics. The founder, Arthur Zhilkin, has a background in technology ventures. In December 2020, the company was acquired by Extracover Limited, a portfolio company of Isfield Investments, LocalGlobe, and Target Global, from Banco de Investimento Global and EDP Ventures. The financial details of the transaction were not disclosed. The company has completed 2 deals, with the latest deal occurring on December 9, 2020. Their most recent funding round was a Seed round, raising EUR 0.500 mn, led by EDP Ventures, with investors including Banco de Investimento Global and EDP Ventures, totaling EUR 0.500 mn raised.Drivit specializes in providing advanced driving technology that transforms smartphones into high-quality telematics devices. The core offering includes a plug-and-play driving analytics solution that seamlessly integrates with various mobile applications, allowing users to capture and analyze mobility data effortlessly. This solution operates in the background, utilizing machine learning and low-power sensors to minimize battery consumption while ensuring high accuracy in essential metrics relevant to businesses. Drivit's technology is primarily aimed at usage-based insurance providers, helping them enhance their services by integrating real-time data insights into their offerings. The company's client base includes mobility app developers and insurance companies, with products being marketed primarily in Europe and North America.Drivit generates revenue through strategic partnerships and subscription-based models, catering primarily to B2B clients, such as insurance companies and app developers. The firm offers a white-label solution, enabling clients to incorporate Drivit's technology into their own applications without additional hardware. Revenue is derived from the fees associated with these partnerships, as well as through potential licensing agreements for their proprietary technology. Clients typically engage in annual agreements, paying for access to Drivit's services based on the number of users or transactions processed through their platforms. This model allows for a predictable revenue stream while offering flexibility for clients to scale their usage as needed.Bahub Business Analysis Systems, Lda. is planning to expand its product offerings and market reach. The company is focusing on developing new features for its driving analytics platform, with a targeted release in late 2021. Additionally, there are plans to enter the Asian market by 2023, leveraging the recent funding to enhance technological advancements and marketing efforts. The EUR 0.500 mn raised in the Seed round will support these initiatives, aimed at strengthening their competitive position in the telematics sector.

## Funding rounds

- Seed, Sep 1, 2019, $0.6M — Banco de Investimento Global, EDP Ventures

## Investors

- Banco de Investimento Global (https://capitalatlas.ai/funds/banco-de-investimento-global) — Seed
- EDP Ventures (https://capitalatlas.ai/funds/edp-ventures) — Seed