Smartcar

Smartcar

Unified API for vehicle data access

About

Smartcar offers a unified API that connects applications to vehicles, allowing access to data like battery levels, fuel life, and tire pressure. This service is aimed at developers and companies in sectors such as auto insurance, car sharing, and fleet management, simplifying the integration of vehicle data across different brands. Smartcar operates in the connected car market and generates revenue through a subscription model for API access. The company's goal is to enable businesses to effectively utilize vehicle data for various applications, enhancing mobility services.

Company Stage

Series B

Employees

51-200

Industries

Automotive & Transportation, Energy

Total Funding

$35M

Headquarters

San Jose, California

Founded

2015


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Simplify's Take

What believers are saying

  • Growing demand for EV integration solutions boosts Smartcar's market potential.
  • Partnerships with companies like Lyft enhance Smartcar's visibility and credibility.
  • The influx of tech executives into climate tech offers Smartcar strategic growth opportunities.

What critics are saying

  • Increased competition in the connected car API market threatens Smartcar's market share.
  • Rapid tech advancements may strain Smartcar's resources to update API offerings.
  • Dependency on large partners like Lyft poses revenue risks for Smartcar.

What makes Smartcar unique

  • Smartcar offers a unified API compatible with over 35 EV brands.
  • The company provides developer-friendly documentation and SDKs for easy integration.
  • Smartcar's SOC 2 Type 2 compliance ensures high data security and privacy standards.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

-5%

2 year growth

6%

Benefits

Flexible vacation

Medical, dental, & vision plans

Paid parental leave

Competitive salary & equity

Employer-matched 401(k) at 4%

$300 yearly learning & development stipend

$350 work-from-home stipend

Internet & cell reimbursement of $50 a month

Remote work within CA and NY

Quarterly team offsites

Quarterly company offsites

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