What is Smartcar?
Founded in 2015, Smartcar provides a comprehensive developer platform that enables businesses to integrate their applications directly with connected vehicles. By offering a unified API, the company eliminates the friction typically associated with fragmented vehicle communication protocols. This capability is instrumental for enterprises operating in the mobility-as-a-service (MaaS) space, allowing them to retrieve vehicle data and send commands without the need for specialized hardware. As the automotive industry shifts toward software-defined vehicles, Smartcar's infrastructure acts as a foundational layer for innovation, supporting a wide array of use cases from usage-based insurance to remote vehicle diagnostics and energy management.
How much funding has Smartcar raised?
Smartcar has raised a total of $34M across 2 funding rounds:
Series A
$10M
Series B
$24M
Series A (2018): $10M with participation from Andreessen Horowitz and New Enterprise Associates
Series B (2022): $24M led by New Enterprise Associates, Andreessen Horowitz, and Energize Ventures
Key Investors in Smartcar
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California, New Enterprise Associates is a venture capital firm focused on helping entrepreneurs build businesses.
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a private American venture capital firm that invests in both early-stage start-ups and established growth companies.
Energize Ventures
Energize Capital is an investor focused on climate solutions, aiming to scale sustainable innovations through partnerships with those shaping the future of energy.
What's next for Smartcar?
With this latest round of financing, Smartcar is well-positioned to accelerate its product roadmap and expand its footprint in the global mobility market. The strategic focus will likely center on deepening its API capabilities to support the next generation of electric vehicles and autonomous fleet operations. As the demand for digitized energy solutions and connected car services continues to rise, Smartcar is expected to leverage this capital to enhance its developer ecosystem, improve security protocols, and scale its operations to meet the needs of enterprise-level clients. The company remains a key player to watch as it continues to define the standards for vehicle connectivity and data interoperability.
See full Smartcar company page
