# Kinetic Automation

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Santa Ana, US
- Website: www.kinetic.auto
- Total disclosed funding: $31M
- Latest round: Series B (Apr 26, 2024)
- Investors on record: 8

## About

Based in California, US, and co-founded by Nikhil Naikal (CEO), Sander Marques (CTO), and Christopher Weber (COO) in 2021, Kinetic Automation Inc. operates as an electric vehicle service company. In October 2023, the firm raised USD 10 million in series A funding co-led by investors Construct Capital and Lux Capital, with participation from other investors Automotive Ventures, Haystack Ventures, and Shakti Ventures.

The company offers modern electric and autonomous vehicle maintenance services for modern vehicles which have sensors, ultrasonic, radar, and camera-based technologies. Kinetic Automation’s product, the Kinetic Centers, is equipped with robotics, AI (artificial intelligence), and software, making it a one-stop solution for modernizing and future-proofing vehicle maintenance shops.  The company’s service centers are located in automotive hot spots and are self-contained, automated digital maintenance, and repair installations for auto dealerships and maintenance and repair shops.

The company plans to utilize the October 2023 funding to support and cope with the EV (electric vehicle) and AV (autonomous vehicle) digital maintenance and servicing demands, manpower expansion, and network growth.

## Funding rounds

- Series B, Apr 26, 2024, $21M — Menlo Ventures, Lux Capital, Haystack, Liberty Mutual Strategic Ventures, Construct Capital, Allstate Strategic Ventures
- Series A, Oct 5, 2023, $10M — Lux Capital, Haystack, Construct Capital, Shakti Ventures, Automotive Ventures

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B
- Haystack (https://capitalatlas.ai/funds/haystack) — Series A, Series B
- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Series A, Series B
- Shakti Ventures (https://capitalatlas.ai/funds/shakti-ventures) — Series A
- Automotive Ventures (https://capitalatlas.ai/funds/automotive-ventures) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series B
- Allstate Strategic Ventures (https://capitalatlas.ai/funds/allstate-strategic-ventures) — Series B