# Mudflap Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mudflap-technologies-private

- Industry: Consumer Services
- Headquarters: Bangalore, India
- Website: www.drivojoy.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Mar 22, 2016)
- Investors on record: 4

## About

Mudflap Technologies Private Limited provides innovative automotive solutions focused on smart vehicle technology, enhancing connectivity and user experiences through advanced integrations in software and hardware.Founded in 2015 and headquartered in Bangalore, India, Mudflap Technologies develops solutions addressing automotive challenges. The company has undergone strategic pivots, focusing on smart technology and connectivity. It raised INR 38.84 million in a Seed funding round in March 2016 from investors including Equity Crest and Indian Angel Network, achieving a post-money valuation of INR 155.04 million. The founder's previous endeavors are not documented.Drivojoy specializes in innovative solutions for the automotive industry, particularly in smart vehicle technology. The company enhances vehicle connectivity and user experience through software and hardware integrations, optimizing performance, safety features, and maintenance processes. Their products serve individual consumers and commercial clients across sectors like automotive retail and fleet management, marketed in regions including North America, Europe, and parts of Asia.In 2016, Drivojoy reported revenues of INR 27,346.2 thousand with an EBITDA of -INR 53,730.3 thousand. The revenue model includes direct sales and B2B partnerships, with subscription-based services for software updates and one-time hardware purchases, fostering long-term client relationships.Mudflap Technologies aims to introduce new products designed for enhanced vehicle connectivity and performance by mid-2017, with an emphasis on expanding into North America and Europe. The recent Seed funding of INR 38.84 million will be utilized to support these product developments and market expansion initiatives, following the funding round completed on March 22, 2016.

## Funding rounds

- Seed, Mar 22, 2016, $0.6M — Indian Angel Network, Tracxn Labs, Equity Crest, Tessellate Ventures

## Investors

- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Seed
- Tracxn Labs — Seed
- Equity Crest — Seed
- Tessellate Ventures (https://capitalatlas.ai/funds/tessellate-ventures) — Seed