# cARscan.AI

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

- Industry: Software
- Headquarters: Johannesburg, South Africa
- Website: www.carscan.ai
- Latest round: Seed (Oct 13, 2020)
- Investors on record: 2

## About

cARscan.AI is an innovative technology company specializing in mobile applications that utilize computer vision and machine learning to evaluate vehicle health and identify damages, transforming vehicle inspections for both consumers and businesses.Founded in 2019 in Johannesburg, South Africa, cARscan.AI offers a mobile app designed to assess vehicle conditions. The company has raised ZAR 20 million in funding as of February 2022 from investors including AlphaCode and E2 Ventures. Obins Choudhary serves as the CEO, with co-founders Chander Prakash and Obins Choudhary, who have a background in tech startups.cARscan.AI's primary offering is a mobile application that employs advanced computer vision and machine learning to assess vehicle health and detect damages in real time. The app utilizes augmented reality to guide users in identifying vehicle defects and analyzing internal data like odometer readings. Launched in South Africa, it targets auto repair workshops, insurance companies, and individual vehicle owners, focusing on reducing the costs of traditional inspections and improving data accuracy.The revenue model for cARscan.AI revolves around service transactions through its mobile app, where users receive real-time quotes from local repair centers. This direct-to-consumer model allows for rapid damage identification and competitive pricing for repairs. The app enhances user experience with a wide network of repair options and offers a white-labelled solution for customization by various stakeholders in the vehicle inspection process.In February 2022, cARscan.AI secured ZAR 20 million in venture funding, which will be utilized to expand operations further. The company aims to enhance its app functionalities and is exploring market entry into Europe and Australia. This strategic expansion is part of its growth trajectory, leveraging the recent funding to bolster its presence across multiple African markets and beyond.

## Funding rounds

- Seed, Oct 13, 2020 — IDF Capital, Kalon Venture Partners

## Investors

- IDF Capital — Seed
- Kalon Venture Partners (https://capitalatlas.ai/funds/kalon-venture-partners) — Seed