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About Kinetic
Industries
Robotics & Automation
Automotive & Transportation
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$31M
Headquarters
Mountain View, California
Founded
2021
Overview
Kinetic Auto focuses on vehicle maintenance specifically for electric and autonomous vehicles, which are becoming more common and complex due to their advanced technologies like sensors and cameras. The main product offered is the "Kinetic Center," a digital maintenance solution that combines robotics and artificial intelligence to help repair shops service these modern vehicles efficiently. This system allows for faster maintenance, reducing the time from vehicle pick-up to drop-off to just 60 minutes, compared to the traditional 24 hours. Kinetic Auto stands out from competitors by enabling repair shops to modernize their operations without the need for expensive new equipment or additional staff. The goal of Kinetic Auto is to transform automotive maintenance by providing precise and efficient solutions that meet the needs of today's digitized vehicles.
Simplify's Take
What believers are saying
- Increased demand for ADAS recalibration boosts Kinetic's market potential.
- Rapid expansion in U.S. cities enhances market penetration and brand recognition.
- Significant funding in autonomous vehicles indicates strong investor interest.
What critics are saying
- Increased competition in ADAS calibration threatens Kinetic's market share.
- Rapid site expansion may strain operational capabilities and quality control.
- Dependence on MSO partnerships could affect growth if not realized.
What makes Kinetic unique
- Kinetic Auto offers a unique all-in-one digital vehicle maintenance solution.
- The company uses cutting-edge robotics and proprietary AI for precise vehicle servicing.
- Kinetic Centers reduce maintenance cycle time from 24 hours to just 60 minutes.
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Funding
Total Funding
$31M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 9%2 year growth
↑ 5%Kinetic Automation, an ADAS calibration start-up, is expanding its "hub-and-spoke" model in major U.S. cities, focusing on ADAS and electric vehicle recalibrations. The company plans to increase site openings from one per quarter to one per week over 24 months. Kinetic raised $10 million in Series A funding in October 2023 and $21 million in June, with investors including Menlo Ventures and Liberty Mutual. The company aims to partner with MSOs and explore new markets and technologies.
#10 – GEICO’s latest agency appointment. According to the California and Texas Departments of Insurance, GEICO appointed Polly as an agency partner in August 2024. The appointed entity, GEICO Texas County Mutual Insurance Company, serves as a personal and commercial lines writer. #9 – Amazon is shutting down its insurance venture
Autonomous vehicles fuel $2.7B funding boom in June 2024. By Dan Kara | July 29, 2024Listen to this article. Forty-eight companies that make robots or relevant enabling technologies raised a total of $2.7 billion in June 2024. At press time, this was the highest monthly funding total of 2024. It exceeded May’s total by more than $500 million and was more than double the 12-month trailing investments average of $1.3 billion. Robotics investments for the first six months of 2024 totaled about $8.4 billion
York Pennsylvania Metro based S.R. Campbell Associates, Inc. dba Campbell Construction has secured $1,395,000.00 in new commercial capital. York Pennsylvania Metro based S.R. Campbell Associates, Inc. dba Campbell Construction has secured $1,395,000.00 in new commercial capital.According to filings with the U.S
Kinetic raises $21M in Series B funding.
Kinetic is Hiring for 4 Jobs on Simplify!
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About Kinetic
Industries
Robotics & Automation
Automotive & Transportation
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$31M
Headquarters
Mountain View, California
Founded
2021
Kinetic is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today