Autopass
Autopass is the Asia-leading provider of auto payment service for drivers in the next generation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | - | ||
| Total Funding | 000k | ||
Related Content
Autopass Inc. operates as a financial technology firm focused on enhancing the in-car experience by integrating mobility and payment services. Founded in 2018 by CEO Ronald Yu, the Taipei-based company provides a cloud-based Software as a Service (SaaS) platform for operators of parking lots, gas stations, and electric vehicle charging spots. This marks Yu's third entrepreneurial venture, following the successful sale of his second startup, a parking locator app, to Acer Inc. in 2017.
The company's core technology utilizes license plate recognition to facilitate seamless, cashless payments for drivers. This system is designed to connect online and offline services, allowing drivers to handle transactions for parking, refueling, and charging without leaving their vehicles. Autopass generates revenue through a share of each transaction processed through its network and by collecting driver behavior data to offer insights to its partners. Its business model involves licensing its service to partners like banks and other mobile application providers to embed within their own platforms. Key clients include CPC Corporation, Line Bank, iRent, and Cathay United Bank, as well as automotive brands like Toyota and Porsche.
In Taiwan, Autopass has established a significant footprint, collaborating with over 2,000 locations, including more than 1,000 parking lots, 600 gas stations, and street parking services in 16 cities. The company has also developed its own consumer-facing app, "車麻吉 MochiMochi," which has attracted over one million members. The firm has secured $5.2 million in funding from investors such as 500 Global, CDIB Capital Group, and CTBC Financial Holdings. Autopass is actively exploring international expansion, particularly targeting the U.S. market by engaging with local communities and investors in New York.
Keywords: in-car payments, mobility financial services, license plate recognition payment, smart parking solutions, connected car services, automotive fintech, digital refueling payment, EV charging payment, Taipei startup, Ronald Yu, 車麻吉, MochiMochi, mobility-as-a-service, MaaS, fleet payment solutions, contactless driving, smart city technology, driving payment app, Asia fintech, urban mobility