# SmartDrive

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.smartdrive.co.jp
- Total disclosed funding: $24M
- Latest round: Series C (Aug 6, 2018)
- Investors on record: 9

## About

Based in Japan, SmartDrive Inc. operates as a mobility data platform, delivering innovative vehicle management solutions that enhance operational efficiency for businesses reliant on transportation.SmartDrive Inc., founded in 2013, is headquartered in Tokyo, Japan. The company primarily focuses on providing advanced mobility data solutions and has successfully secured funding through 7 deals, including its latest funding round, the Series C, where it raised JPY 1,700.000 mn from notable investors such as Foxconn Technology Group and Goldman Sachs Merchant Banking Division, bringing the total amount raised to JPY 1,920.470 mn. The CEO is Retsu Kitagawa.SmartDrive operates primarily as a mobility data platform, offering a comprehensive cloud-based vehicle management system designed to enhance operational efficiency for businesses that utilize vehicles. Their core offerings include telematics solutions that leverage smartphone technology alongside dedicated devices to collect and analyze driving data, enabling fleet operators and asset owners to monitor vehicle performance and driver behavior in real time. This data is crucial in addressing various challenges in the transportation sector, such as compliance with regulations, accident reduction, and overall cost savings. SmartDrive’s services cater to a diverse client base, including fleet operators, automotive manufacturers, insurance companies, IoT firms, and leasing companies, primarily focusing on markets in Southeast Asia. The integration of electric vehicle charging solutions with local businesses also underscores their commitment to supporting sustainable transportation initiatives.SmartDrive generates revenue through a subscription-based model, providing its vehicle management solutions to businesses on an ongoing basis. Clients typically enter into agreements that allow them to access the platform's features, including vehicle tracking, accident reduction analytics, and operational compliance tools. The structure of these transactions is largely B2B, with companies entering into contracts based on the number of vehicles managed and services utilized. Specific pricing plans for SmartDrive's offerings are tailored to client needs, encompassing various features that enhance fleet management capabilities, although detailed pricing information is not disclosed. The company’s focus on delivering high-value solutions to the automotive sector positions it strategically within the marketplace, fostering long-term partnerships with its clients.SmartDrive Inc. is actively developing new products to expand its mobility data platform, although specific release dates have not been disclosed. The company plans to enter new markets, with a particular focus on Southeast Asia by 2025. Recent funding from Mitsubishi UFJ Capital and Innovation Growth Ventures will be utilized to support these expansion initiatives, enhancing product development and market entry capabilities.

## Funding rounds

- Series C, Aug 6, 2018, $15M — INCJ, Goldman Sachs Asset Management, Monoful Venture Partners, Foxconn Technology Group
- Series B, Apr 5, 2017, $9M — Sumitomo Corporation, INCJ, SMBC Venture Capital, Mizuho Capital, Sony Innovation Fund, Foxconn Technology Group
- Seed, Feb 1, 2014 — ANRI

## Investors

- ANRI (https://capitalatlas.ai/funds/anri) — Seed
- Sumitomo Corporation — Series B
- INCJ — Series B, Series C
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series B
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series B
- Foxconn Technology Group — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Monoful Venture Partners (https://capitalatlas.ai/funds/monoful-venture-partners) — Series C