Motorq
Latest round
- Series B
Last raised
- Feb 2022
Total raised
- $56M
Investors
- 8
About Motorq
Motorq, LLC, founded in 2017 in Saratoga, US, provides a Connected Vehicle Data Platform that enables fleet managers to gain insights from vehicle data without physical dongles. The company was co-founded by Arun Rajagopalan, Ashwin Raja, and Vivek Malipatil, with Arun serving as the CEO.Motorq's primary offering is its Connected Vehicle Data Platform, designed to provide fleet managers with comprehensive insights derived from vehicle data without the need for physical dongles. This platform enables users to perform preventive maintenance, track vehicle orders from production to dealership, and manage the transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs). Additionally, the platform facilitates reimbursement for EV drivers even when charging at home and promotes safer driving behaviors through in-vehicle coaching. Motorq serves a diverse client base that includes industry-leading original equipment manufacturers (OEMs) and fleet managers overseeing combined fleets of over 2 million vehicles.Motorq generates revenue through a subscription-based model, where clients pay for access to its Connected Vehicle Data Platform. This transactional structure emphasizes long-term partnerships, ensuring consistent data flow and support for fleet management operations. Clients typically enter into agreements that encompass various service tiers, which may include comprehensive data analytics, vehicle tracking, and EV reimbursement features. These services are tailored to meet the needs of businesses managing large vehicle fleets, enabling them to optimize their operations effectively. The company aims to enhance collaboration with automotive OEMs and establish sales and business development in Europe and Japan.
Who invested in Motorq
8 investors across 4 rounds
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Questions about Motorq
Who invested in Motorq?
Motorq has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Motorq raised?
Motorq has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Motorq last raise money?
Motorq's most recent round on record is a Series B, in Feb 2022.
What does Motorq do?
Motorq, LLC, founded in 2017 in Saratoga, US, provides a Connected Vehicle Data Platform that enables fleet managers to gain insights from vehicle data without physical dongles.
Where is Motorq headquartered?
Motorq is headquartered in Saratoga, US.
Which VCs invest in companies like Motorq?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Motorq's stage. Their profiles are linked below.
VCs backing software startups at Series B
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