
ProovStation
ProovStation - New Standard of Automated Vehicle Inspection.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | €0.0 | round | |
* | €10.4m | Series A | |
Total Funding | 000k |
EUR | 2019 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
Related Content
ProovStation provides automated, drive-through vehicle inspection bays that utilize artificial intelligence and computer vision to detect and analyze damages.
The company's system is designed for businesses in the automotive sector, including car dealerships, rental companies, and fleet operators. The process involves a vehicle driving through a gantry equipped with cameras and sensors, which captures a 360-degree scan of the vehicle in seconds. The AI-powered software then analyzes the images to identify scratches, dents, and other imperfections, generating a detailed inspection report with repair estimates.
ProovStation's business model is based on providing its inspection stations as a service, likely through a combination of hardware sales or leasing and a recurring software-as-a-service (SaaS) fee for the analysis and reporting platform. By automating the traditionally manual and time-consuming inspection process, the company enables its clients to improve operational efficiency, standardize assessment accuracy, and increase transparency with their own customers.
Keywords: vehicle inspection, automotive AI, damage detection, computer vision, automated appraisal, car scanning, fleet management, auto remarketing, insurtech, mobility solutions