# CarDr.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardr-com

- Industry: Software
- Headquarters: Oak Brook, US
- Website: www.cardr.com
- Total disclosed funding: $5M
- Latest round: Seed (Dec 10, 2020)
- Investors on record: 1

## About

CarDr.com Inc is a provider of mobile vehicle diagnostic tools, specifically offering the Ultra, which enables automotive professionals to perform advanced diagnostics efficiently and accurately.CarDr.com Inc specializes in mobile vehicle diagnostics, having been founded in 2019 in Oak Brook, US. The company has secured Seed funding of USD 5.000 mn led by Red Fort Capital in December 2020. CEO Sanjay Patel is at the helm of the company, which has completed one funding deal to date. The Ultra diagnostic tool is designed for professional automotive use, reflecting a focused business strategy.CarDr's core offering is the Ultra, a mobile vehicle diagnostic tool designed for automotive professionals. This OBD II scanner provides access to advanced OEM-level diagnostics, enabling real-time vehicle appraisals. The Ultra adapts to over 100 OEM protocols and scans vehicles in under 15 seconds, catering to the diagnostic needs of used car dealers, auction houses, and service centers across North America and Europe, supporting 138 OEM protocols. The device scans multiple ECUs and retrieves various DTC codes, enhancing diagnostic capabilities compared to traditional OBD readers.CarDr generates revenue through innovative diagnostic solutions, structured around a subscription model for software access and direct sales of the Ultra diagnostic tool. Clients, including automotive dealerships and service centers, engage in transactions that enhance their diagnostic capabilities and facilitate informed decision-making regarding vehicle appraisals and repairs. The company offers various service tiers or pricing plans to cater to different diagnostic needs, with flagship products like the Ultra being central to their revenue strategy, emphasizing partnerships with automotive professionals for sustained growth.CarDr.com Inc plans to leverage its recent Seed funding of USD 5.000 mn to further develop and launch new products, while expanding its market reach. The funding will support enhancements to the Ultra diagnostic tool, with plans for additional features expected to be rolled out in the coming year. Expansion efforts are aimed at increasing market penetration in Europe and venturing into new regions across Asia by the end of 2022, aligning with the company's objective to broaden its client base and solidify its market presence.

## Funding rounds

- Seed, Dec 10, 2020, $5M — Red Fort Capital

## Investors

- Red Fort Capital (https://capitalatlas.ai/funds/red-fort-capital) — Seed