Leibi-based DC Connected Car, renowned for its AI-driven remote vehicle diagnostics, has successfully raised €2.1M in a seed funding round. The financing, led by Insurtech-fund VENPACE, will facilitate the company’s global expansion and the enhancement of their advanced diagnostic tools. This round also saw contributions from Borusan Ventures, Atlas Ventures, Network.VC, and existing investors like APX, Bloomhaus Ventures, and Business Angels.
DC Connected Car has consistently focused on developing AI-based solutions to streamline vehicle diagnostics and repair processes. Their innovative platform not only reduces the necessity for physical inspections but also integrates remote support to tackle the contemporary challenges of vehicle maintenance and labor shortages. This latest funding will bolster their mission to redefine vehicle maintenance through intelligent diagnostics.
Advancing AI in Vehicle Maintenance
Founded in 2020 by Dennis Christ, Ralf Schollenberger, and Willian Servigna, DC Connected Car aims to modernize vehicle maintenance with its virtual technician. This platform delivers real-time diagnostics and problem-solving recommendations by leveraging AI, which minimizes the need for physical repairs. Their approach integrates seamlessly into customers’ lives, providing remote support that enhances convenience and efficiency.
In earlier reports, the company’s AI-driven solutions were highlighted for their potential to revolutionize vehicle maintenance. This fresh injection of capital is expected to accelerate their efforts, allowing them to extend their services to a broader international audience. The company’s collaboration with Real Garant Versicherung AG underscores their commitment to integrating AI in the automotive sector.
Investor Insights and Potential
VENPACE, an insurance-focused investor, brings unique expertise to DC Connected Car, aiding startups in scaling innovative solutions sustainably. By partnering with others across the DACH region, they aim to address the current challenges within the insurance industry.
“What excites us most about DC Connected Car is the wide range of possible applications for their virtual assistant in the mobility ecosystem. Insurers especially have a high interest in elevating their customer experience by digitising roadside assistance services. In addition, the team has already impressively demonstrated that it has been able to win well-known B2B customers and OEMs as partners,” says Tizian Hoppen of VENPACE.
Borusan Ventures, another participant in the funding round, is the venture capital arm of Borusan Group, investing in early-stage startups across various sectors. They see significant promise in DC Connected Car’s AI-driven digital technician to enhance automotive areas such as aftersales and fleet management.
“AI has the potential to revolutionise various automotive areas that Borusan operates in, such as aftersales, fleets, and used car business,” says Timo Kilp, Head of Borusan Ventures. “We believe DC Connected Car’s AI-driven digital technician holds significant promise to accelerate the diagnosis and repair of vehicle issues, further enhancing our customer service.”
DC Connected Car’s innovative use of AI in vehicle diagnostics is a significant step toward modernizing the automotive industry. Their recent funding will not only aid in expanding their international footprint but also in refining their diagnostic tools. By integrating AI with remote support, they offer a unique solution that addresses both the complexities of modern vehicles and labor shortages. This approach holds immense potential for transforming vehicle maintenance and customer service in the automotive sector.
