Loading organizations...
§ Private Profile · Pune, Maharashtra, India
Payment platform enabling autonomous vehicle transactions for fleet and connected car services, focused on fueling, parking, EV charging.
Based in Oakland, California, CarIQ develops a contactless payment platform that enables commercial fleets and connected vehicles to autonomously initiate and complete financial transactions for automotive services. The system utilizes proprietary machine authentication technology to connect vehicles directly to merchants, eliminating the need for physical corporate credit cards for routine expenses such as fueling, toll management, parking, and electric vehicle charging. The CarIQ Pay network is currently accepted at over 25,000 fuel stations nationwide, serving fleet managers at major retail locations including Shell, Sunoco, and Circle K. The private enterprise has raised approximately $37.78 million in total venture capital funding to date, which includes an oversubscribed $15 million Series B financing round led by Forté Ventures with participation from Visa. CarIQ was founded in 2016 by chief executive officer and entrepreneur Sterling Pratz.
CarIQ has raised $20.0M across 2 funding rounds.
CarIQ has raised $20.0M in total across 2 funding rounds.
CarIQ has raised $20.0M across 2 funding rounds. Most recently, it raised $15.0M Series B in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 8, 2023 | $15M Series B | Louis Rajczi | Avanta Ventures, Bridgestone Americas, Circle K, Navistar, State Farm Ventures, TELUS Ventures, Visa | Announced |
| Jun 25, 2019 | $5M Series A | Andrew Ogawa | Alpana Ventures, Debra Brackeen, Vanessa Colella, Plug And Play, Spike Ventures | Announced |
CarIQ has raised $20.0M in total across 2 funding rounds.
CarIQ's investors include Louis Rajczi, Avanta Ventures, Bridgestone Americas, Circle K, Navistar, State Farm Ventures, TELUS Ventures, Visa, Andrew Ogawa, Alpana Ventures, Debra Brackeen, Vanessa Colella.