- Funding Received
- $3.6 Million in 3 Rounds from 2 Investors
- Most Recent Funding
- $150 Thousand Grant on November 13, 2013
- April, 2012
- Augmentation Industries (AI) provides mobile assisted driving, a patent-pending technology that connects cars to the internet.
- Stephan Kaufmann, Alexander Marten
- Communications Hardware, Mobility, Automotive, Mobile
Based on the Internet of Things and machine to machine (M2M) communication AI developed hardware and implemented an open Vehicle-2-X (V2X) interface that connects cars manufactured after 1996 to the internet and is accessible with a smartphone via WiFi. Crowd developers are able to develop own apps for the car and B2B customers are able to use the interface to offer automotive near services (e.g. insurance, repair, reselling, gas, IRS, emergency services, etc.).
Products/Services: Fully automated drivers log, fleet management, rental service, pre repair diagnostics, black box, odometer temper protection, eCall, contactless payment, etc.
USP/Unique Technologies/Special Know-how: 5 pending patents lay the foundation of the IP. Beside that AI offers a solution that is capable of a complete car diagnostic and not only the OBD-II protocol as some competitors offer with a complete E2E roundtrip that no solution offers. Furthermore does the security concept and RESTful API provide a unique approach that is very positively received in presentations of the solution and its capabilities.
Distribution: It is a highly scalable model as the technology is based on a global standard and therefore easily rolled out after translation of language files. The multi-tiered sales approach focuses in the first instance on direct sales to B2B (e.g. fleet management, logistics providers) in the second stage B2B2C is approached (e.g. insurance companies, automobile clubs) and in the final stage the rollout is taken to the B2C market (e.g. cheap gas pumping, CO2 challenges).
Funding Rounds (3) - $150kUpdate
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