Milesmate
Connected car OBD-based vehicle diagnostics solution.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
Milesmate is a connected car solution provider founded in 2015 by Vikash Verma and Mohammed Salman Yusuf in Bengaluru, India. The company, which is legally known as Milesmate Autotech Private Limited and was incorporated in March 2017, developed a platform centered around an on-board diagnostics (OBD) device. This device plugs into a car's OBD port and connects to a smartphone application, delivering real-time vehicle data and analytics to the user.
The core of Milesmate's offering is a hardware and software combination that provides insights into vehicle health and performance. The smartphone app features include service reminders, monitoring of driving behavior, fuel notifications, an anti-theft system, and location-based alerts. The system is designed to help users detect potential issues, optimize driving performance for better fuel efficiency, and take proactive maintenance measures. This service targets individual car owners, fleet managers, and the insurance sector. However, according to its PitchBook profile, the company is now listed as 'Out of Business' as of June 2022.
During its operation, Milesmate secured funding from institutional investors, including CanQbate and Autonebula. The company's board of directors included its two co-founders and Shreyas Vaikuntam Narayanan.
Keywords: connected car, OBD, vehicle diagnostics, telematics, fleet management, driving behavior, vehicle health, auto tech, smart device, mobile app, fuel efficiency, anti-theft system, location tracking, maintenance alerts, automotive data, real-time analytics