Leibi, Germany-based DC Connected Car, a company specialised in AI-driven remote vehicle diagnostics, announced on Wednesday, August 7, that it has secured €2.1M seed funding round led by Insurtech-fund VENPACE.
The funding round saw participation from Borusan Ventures, Atlas Ventures, Network.VC, as well as existing investors, including APX, Bloomhaus Ventures, and Business Angels.
This fresh capital will fuel DC Connected Car’s international expansion and development of advanced diagnostic tools for roadside assistance, warranty, and repair.
DC Connected Car: Transforming vehicle maintenance
Founded in 2020 by Dennis Christ, Ralf Schollenberger, and Willian Servigna, DC Connected Car provides a comprehensive solution that serves as a virtual vehicle technician.
This platform addresses the complexities of modern vehicle generations and labour shortage by enabling automated and intelligent diagnostic and repair processes.
Unlike conventional diagnostics, AI-driven solutions deliver automated, intelligent insights into vehicle health and performance, providing real-time problem-solving recommendations.
This approach minimises the need for physical inspections/repairs but also integrates into customers’ lives by offering remote support.
The German company aims to redefine vehicle maintenance and customer convenience by combining AI with remote diagnostics.
Additionally, the company also joined hands with Real Garant Versicherung AG.
The investor
VENPACE is an investor in the insurance space, guiding startups with unique expertise to scale innovative solutions sustainably.
Together with partners throughout the DACH region, they tackle the insurance industry’s challenges, developing and establishing innovative business models.
“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 is the corporate venture capital arm of Borusan Group, a prominent industrial group in the U.S., Europe, and CIS region.
The VC invests in early-stage startups in the US and Europe, focusing on mobility, supply chain/logistics, energy/climate, enterprise, and industrial sectors.
“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.”
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