Smartcar

Smartcar

Unified API for vehicle data access

About Smartcar

Simplify's Rating
Why Smartcar is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Energy

Company Size

51-200

Company Stage

Series B

Total Funding

$35M

Headquarters

San Jose, California

Founded

2015

Overview

Smartcar provides a unified API that allows developers to connect their applications to vehicles, enabling access to various vehicle data and functionalities. This includes information such as electric vehicle battery levels, fuel life, tire pressure, and vehicle identification numbers. By offering a single API that works across different car brands, Smartcar simplifies the integration of vehicle data into applications, which is particularly beneficial for businesses managing large fleets or providing services that rely on real-time vehicle information. Unlike competitors, Smartcar focuses on serving a wide range of industries, including auto insurance, car sharing, energy utilities, and fleet management, making it easier for developers to create mobility solutions. The company's goal is to be a key player in the connected car ecosystem, providing essential tools for businesses to utilize vehicle data effectively.

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Simplify's Take

What believers are saying

  • Partnerships with BMW and Lyft expand Smartcar's market reach in Europe and rideshare.
  • SOC 2 Type 2 compliance enhances Smartcar's data security and privacy credentials.
  • Growing demand for EV integration boosts Smartcar's relevance in energy and mobility sectors.

What critics are saying

  • Increased competition from API providers like Otonomo and Wejo.
  • Dependence on partnerships with major manufacturers like BMW and Lyft.
  • Evolving regulatory landscape may impact Smartcar's operations and compliance efforts.

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 API supports diverse functionalities like EV charging and predictive maintenance.

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Funding

Total Funding

$35M

Below

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

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

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

4%

2 year growth

9%
Smartcar
Feb 20th, 2025
Smartcar partners with BMW Group in Europe

Smartcar is excited to announce that Smartcar is partnering with BMW Group (BMW) in Europe.

Renewable Energy Magazine
Nov 15th, 2024
Emulate Energy And Smartcar Partner To Drive Ev Utilisation As Distributed Energy Resources

Friday, 15 November 2024Emulate aims to offer energy providers a comprehensive solution to simplify onboarding and management of different consumer distributed energy resources (DERs). The company is focused on enabling energy providers to harness the power of EVs as a valuable energy resource by expanding its EV support to a wider range of models.Smartcar will help Emulate automate EV data retrieval to optimise charging schedules based on different pricing factors. Consumers will be able to set their preferred charging preferences using the software and have peace of mind knowing Emulate will handle the rest.Reliable EV integrations are crucial for enabling this convenience and giving consumers a single platform to enroll and manage different devices.“Emulate aspires to connect to and control every energy device possible” said Blake Davis, Senior Director of US Operations at Emulate. “While controls and market participation are our bread-and-butter, for EVs specifically, Smartcar makes it super easy to connect to vehicles regardless of manufacturer and model.”Emulate’s decision to partner with Smartcar was driven by the need for a reliable and scalable solution that they could implement quickly without straining engineering resources. Smartcar focuses on accurate and timely action, such as retrieving an EV’s state of charge and automatically starting and stopping charging sessions. It is compatible with over 35 EV brands and will be able to seamlessly integrate into Emulate’s out-of-the-box vehicle onboarding solution.Smartcar’s developer tools and webhooks will also make it easy for Emulate’s engineering team to receive data at a regular cadence while reducing server loads, reducing latency, and ensuring the timeliness and accuracy of charging data.“Emulate’s commitment to energy flexibility and reliability aligns perfectly with Smartcar’s mission” added Sahas Katta, CEO and Co-founder at Smartcar

Smartcar
Nov 14th, 2024
Emulate and Smartcar partner to balance the grid with EV charging flexibility

The U.S. and Sweden-based distributed energy resource management system (DERMS) software, Emulate Energy, is partnering with Smartcar to integrate EVs into Emulate's demand response solutions for electricity retailers.

Electrek
Sep 24th, 2024
Lyft partners with Smartcar to help its EV drivers work without range anxiety

Today, API specialist Smartcar announced it has partnered with Lyft to help provide the latter's EV drivers with a handy new tool to keep their rides going without worrying about running out of battery during a trip.

The EV Report
Sep 24th, 2024
Lyft and Smartcar Tackle EV Range Anxiety

By integrating Smartcar's API platform with Lyft's rideshare system, they have introduced the "Rides in Range" feature, ensuring that EV drivers receive only ride requests that match their current battery capacity.

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