# Drivemode

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

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.drivemode.com
- Total disclosed funding: $11M
- Latest round: Series A (Dec 22, 2016)
- Investors on record: 5

## About

Based in the USA, Drivemode, Inc creates innovative software and mobile applications focused on enhancing connectivity for Honda and Acura vehicles, improving the overall driving experience for users.Drivemode, Inc develops software solutions aimed at improving the connected mobility experience for vehicle users. Founded in 2014 and headquartered in Redwood City, US, the company has undergone significant changes, culminating in a recent acquisition by Honda R&D Co., Ltd. The founders, Bor Van Opstal, Jop Joossen, and Jules Moor, have been instrumental in shaping the company's vision, while CEO Yo Koga leads its strategic direction. As of September 2019, Drivemode has raised a total of USD 9.15 mn through Series A funding, led by Panasonic Corporation, with other investors including Innovative Venture Fund, Mitsui Sumitomo Insurance Venture Capital, and Miyako Capital.Drivemode specializes in creating software and mobile applications specifically for Honda and Acura vehicles that enhance the connected mobility experience. Their flagship product, Honda RoadSync, facilitates seamless transitions for drivers and motorcyclists among calling, navigation, music playback, and messaging. Additionally, the company is developing a vehicle companion app and platform for Honda's next-generation electric vehicles, alongside a modern software platform for Honda's electric motorcycles, all aimed at delivering integrated experiences across various international markets, particularly in the United States and Japan.Drivemode generates revenue through partnerships with Honda and Acura, integrating its innovative software solutions into the automakers' vehicle offerings. Revenue flows from long-term agreements that incorporate Drivemode's technologies into Honda's electric vehicles and motorcycles. Although specific pricing details are not publicly disclosed, offerings like Honda RoadSync significantly contribute to enhancing customer engagement and vehicle functionality, aligning with Honda's overall value proposition to its clients.Drivemode is set to leverage its recent acquisition by Honda R&D Co., Ltd. to enhance product development and market expansion. Upcoming initiatives include the launch of a vehicle companion app and an advanced software platform for Honda's electric motorcycles, with plans for deployment across additional international markets by 2023. The funds raised during the Series A round will support these developments, solidifying Drivemode's role in Honda's transition to electric mobility.

## Funding rounds

- Series A, Dec 22, 2016, $9.2M — Mitsui Sumitomo Insurance Venture Capital, Panasonic Corporation, Miyako Capital, Innovative Venture Fund
- Seed, Dec 12, 2014, $2M — Incubate Fund

## Investors

- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series A
- Panasonic Corporation — Series A
- Miyako Capital (https://capitalatlas.ai/funds/miyako-capital) — Series A
- Innovative Venture Fund — Series A