Connected car service provider Vinli today announced it closed a $13.5 million Series B financing round. The company says this infusion of capital allows it broaden its mobility services and integrations as it attempts to connect cars around the world.
The funding came from new and existing investors and brings the total amount the company raised to over $20 million.
Based in Dallas, TX, Vinli launched in 2014 in TechCrunch Startup Battlefield as a direct consumer company that allowed owners to add cloud services to automobiles. It was a clever concept, and when it launched four years ago, it was ahead of the curve. Now, in 2019, the focus of the business is different as the company seeks to provide deep data intelligence to auto makers and transportation providers.
“The investment validates our place in the industry. In the last five years, we have seen the industry unfold and evolve into an industry driven by digital services,” said Mark Haidar, CEO of Vinli, in a press release released to TechCrunch. “Companies today need viable data solutions — not only to support the growing number of data sources but to deliver on the multiple service offerings to their end customers. We’re focused on making it easier for large fleets and automakers to access smarter data intelligence. It’s in helping those partners scale and be successful is what we look forward to most at Vinli.”
Now, with the latest round of investment, Vinli is looking to integrate its platform with electric vehicles and turned to an energy company, E.ON, to examine the market. Vinli says it will expand its offerings for electric mobility and fleets of electric vehicles.
Vinli’s approaching a largely untapped market. As vehicles become more connected, there are countless data points that can be examined and expanded. With Vinli’s deep background in vehicle intelligence, it’s well suited to continue to grow and provide rich data sets of vehicle information.