# Revvo Technologies

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.revvo.ai
- Total disclosed funding: $11M
- Latest round: Seed (May 13, 2022)
- Investors on record: 5

## About

Revvo Technologies, Inc. is an innovative company specializing in tire monitoring and management solutions, enabling efficient fleet operations through advanced technology.Revvo Technologies, Inc. was founded in 2018 and is headquartered in San Mateo, US. The company provides tire management services, focusing on connecting and monitoring vehicle tires through its platform. The founders, Sunjay Dodani and Wing-Hong Ko, have a history of entrepreneurship, with Dodani serving as the CEO. Revvo has raised USD 6.000 mn in Seed funding led by Cercano Management, with participation from Discount Tire and Norwest Venture Partners, and has completed a total of 3 deals, the most recent on May 13, 2022.Revvo AI specializes in tire monitoring and management solutions, primarily through its flagship platform, TireIQ TM. This advanced system is designed to automatically connect, monitor, and manage vehicle tires for various fleets, including logistics, waste management, and oil and gas sectors. The platform integrates OEM and aftermarket tire sensors with the Revvo AI Cloud, providing real-time insights and analytics via the Revvo Live Fleet View. This service addresses critical challenges in fleet management, such as inconsistent tire inspections, rising tire-related costs, and premature tire failures, enabling companies to enhance operational efficiency. Revvo’s client base includes prominent organizations like PepsiCo, which utilize the platform to streamline tire management and reduce operational expenses. The company markets its offerings across diverse geographical regions, including North America and Europe, catering to various fleet types from light vehicles to heavy-duty trucks and specialized equipment.Revvo AI generates revenue primarily through subscription-based service agreements for its TireIQ platform, which offers comprehensive tire management solutions. Clients typically engage in annual contracts that provide access to real-time analytics, alerts, and reporting features, thereby facilitating proactive tire maintenance. The structure of these transactions often involves partnerships with fleet operators and tire dealers, allowing for seamless integration of Revvo’s technology within existing operations. The pricing model is designed to provide significant return on investment, with many clients reportedly achieving positive program ROI within the first year. Revvo's offerings include various products such as the Revvo API and Revvo CTS, which further enhance its core TireIQ service.Revvo Technologies, Inc. plans to leverage its recent Seed funding of USD 6.000 mn, raised on May 13, 2022, to expand its market growth and partnership teams. This funding will support the development of new products and the enhancement of existing services. The company is also focused on expanding into additional markets in North America and Europe, aiming to solidify its presence in these regions by the end of 2023.

## Funding rounds

- Seed, May 13, 2022, $6M — Norwest Venture Partners, Cercano Management, Discount Tire
- Series A, Feb 1, 2019, $4.6M — Norwest Venture Partners, Vulcan, AngelList

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Seed
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series A
- AngelList — Series A
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Seed
- Discount Tire — Seed