DC Connected Car Secures €2.1 Million in Seed Funding to Accelerate Development of AI-Driven Virtual Car Technician
2024年8月7日 - 6:00PM
ビジネスワイヤ(英語)
DC Connected Car GmbH, a trailblazer in AI-driven remote vehicle
diagnostics, announces the closure of a €2.1M seed funding round.
Led by Insurtech-fund VENPACE, this round includes contributions
from Borusan Ventures, Atlas Ventures, Network.VC, and existing
investors APX, Bloomhaus Ventures, and Business Angels. This
investment accelerates DC Connected Car's mission to revolutionize
the $500B automotive aftersales market with its virtual technician
platform.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240807187434/en/
This fresh injection of capital will fuel
DC Connected Car's international expansion and development of
advanced diagnostic tools for roadside assistance, warranty, and
repair. (Graphic: Business Wire)
DC Connected Car's virtual technician platform addresses the
shortage of skilled labor in the industry, and their remote
diagnostics and advanced AI set new sector benchmarks. Unlike
conventional diagnostics, AI-driven solutions deliver automated,
intelligent insights into vehicle health and performance, providing
real-time problem-solution recommendations. This approach minimizes
the need for physical inspections/repairs, but also integrates into
customers' lives by offering remote support. By combining AI with
remote diagnostics, DC Connected Car redefines vehicle maintenance
and customer convenience, solidifying its position as a standout
player in the space, highlighted by its partnerships with Major
OEMs.
"AI has the potential to revolutionize
various automotive areas that Borusan operates in, such as
aftersales, fleets, and used car business," said Timo Kilp, Head
of Borusan Ventures. "We believe DC Connected Car's AI-driven
digital technician holds significant promise to accelerate the
diagnosis and repair of vehicle issues, further enhancing our
customer service."
Not only disruptive in the automotive repair sector, DC
Connected Car is driving innovations in the insurance industry too.
Their partnership with Real Garant Versicherung AG marks a
new era of digitalization, sustainable mobility, and
future-orientated service design.
"With the cooperation with DC Connected Car
GmbH, we expect to significantly contribute to environmentally
friendly mobility solutions and to drive forward digitalization in
the automotive sector by providing digital solutions for warranty
and service products,” explains Suzana Janny, Head of Market
Proposition at Real Garant Versicherung AG.
This fresh injection of capital will fuel DC Connected Car's
international expansion and development of advanced diagnostic
tools for roadside assistance, warranty, and repair. The company
has seamlessly integrated and digitized expertise across various
automotive departments, breaking down silos and enhancing
efficiency.
About DC Connected Car GmbH
Founded in 2020 in Leibi, Germany, DC Connected Car offers an
all-in-one solution that represents the virtual vehicle technician
of the future. This platform addresses the complexities of modern
vehicle generations and labor shortage by enabling automated and
intelligent diagnostic and repair processes.
"What excites us most about DC Connected Car
is the wide range of possible applications for their virtual
assistant in the mobility ecosystem. Insurers especially have a
high interest in elevating their customer experience by digitizing
roadside assistance services. In addition, the team has already
impressively demonstrated that it has been able to win well-known
B2B customers and OEMs as partners," said Tizian Hoppen of
VENPACE.
The team behind DC Connected Car includes experts with deep
industry knowledge and experience. Dennis Christ, an expert
in automotive technology and a certified appraiser, provides
precise and reliable diagnostic procedures. Ralf
Schollenberger leverages his extensive network and expertise in
insurance and the aftermarket to forge strategic partnerships.
Willian Servigna, specializing in AI and software
development, ensures that solutions remain at the forefront of
technology.
About VENPACE - VENPACE is a leading investor from
the insurance space, guiding startups with unique expertise to
sustainably scale innovative solutions. Together with partners
throughout the DACH region, they tackle the insurance industry’s
challenges head-on, developing and establishing innovative business
models.
About BORUSAN Ventures - Borusan Ventures is the
corporate venture capital arm of Borusan Group, a prominent
industrial group in the U.S., Europe and CIS region. Headquartered
in Silicon Valley, Borusan Ventures invests in early-stage startups
in the U.S. and Europe, focusing on mobility, supply
chain/logistics, energy/climate, enterprise, and industrial
sectors.
About ATLAS Ventures - Atlas Ventures is a UK-based
industrial tech fund focussed on investing in seed and late seed
stage opportunities in Developed European markets, with a primary
focus on innovative B2B solutions targeting industrial
manufacturing, energy and climate, mobility, supply chain and
logistics sectors.
For more information, visit https://www.dc-connected.de/en.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240807187434/en/
Media Contact: Emma Klawitter Email:
emma.klawitter@dc-connected.de