# Smartcar

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.smartcar.com
- Total disclosed funding: $36M
- Latest round: Series B (Jan 19, 2022)
- Investors on record: 3

## About

Smartcar, Inc. is a car API platform that connects vehicles with mobility services, enabling businesses to manage electric vehicle data and optimize user experiences through seamless vehicle connectivity.Smartcar, Inc. was founded in 2015 and is headquartered in Mountain View, US. The company provides a vehicle API that connects mobility applications with connected vehicles. The founders, Sahas Katta and Sanketh Katta, have a history of innovation in the tech industry. Smartcar has successfully raised a total of USD 24.00 mn through its Series B funding round in January 2022, led by Energize Capital, with participation from Andreessen Horowitz and New Enterprise Associates. The company has completed 3 deals to date, reflecting its growth trajectory and strategic investment appeal.Smartcar operates as a comprehensive car API platform that integrates mobility applications and services with connected vehicles. The company's core product offerings revolve around its vehicle API, allowing businesses to access vehicle data, manage electric vehicle (EV) charging, issue digital car keys, track fleets, and more. These services cater to clients including energy retailers, e-mobility service providers, auto dealerships, and car-sharing platforms, focusing on enhancing user experiences for vehicle owners and operators. Smartcar's API supports integration with over 177 million vehicles from 43 different car brands, primarily servicing North America and Europe, and facilitates easy vehicle connectivity through its Smartcar Connect flow.Smartcar generates revenue through a subscription-based model, with clients paying for access to its vehicle API and associated services. The client base consists of utility companies, automotive businesses, and mobility service providers who utilize Smartcar's capabilities for various applications. The pricing structure is tailored to meet client needs, focusing on scalability based on the number of vehicles integrated and specific functionalities utilized.Following the Series B funding round in January 2022, Smartcar plans to utilize the USD 24.00 mn raised to expand its operations in the U.S. and accelerate its entry into the European market. The company aims to enhance its platform by introducing new vehicle telemetry APIs and increasing compatibility with a broader range of car brands. These growth initiatives reflect Smartcar's commitment to meeting the evolving needs of the mobility sector.

## Funding rounds

- Series B, Jan 19, 2022, $24M — New Enterprise Associates, Andreessen Horowitz, Energize Capital
- Series A, Mar 1, 2018, $10M — New Enterprise Associates, Andreessen Horowitz
- Seed, Jan 1, 2015, $2M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B