Vimcar, a Berlin startup that offers hardware and an app to manage company fleets, raises $5.5M

Vimcar, a startup out of Berlin, is developing a clever tech alternative to enable tiny to medium-sized companies handle their car fleets.

It is made up of an internet-related aftermarket “OBDII” adapter that plugs into the diagnostic port of a automobile, and an app to do issues like mileage monitoring, which is specifically useful for tax and expenditures needs.

The even larger prepare, even so, is to transform Vimcar into a absolutely-fledged electronic fleet supervisor, handling the full gamut of running corporation automobiles and all of the involved processes.

To enable that develop into a actuality, the startup has raised $5.5 million in Collection A funding. Unternehmertum Enterprise Capital Partners (the expenditure branch of Munich-centered UnternehmerTUM), and Coparion led the spherical. Other traders consist of the French Groupe Arnault, and different enterprise angels.

“[We are] digitising SMB fleets by simplifying the administration of enterprise automobiles,” suggests Vimcar co-founder Andreas Schneider. “Based on unique details resources, the alternative is merging all suitable information and facts in a a person-end and quick-to-use program. This helps make Vimcar particularly fascinating for tiny companies without a human fleet supervisor and tired about complex organization solutions”.

The startup’s OBD aftermarket hardware and accompanying app integrates are living car details, beginning with excursion logging for the goal of tax authorities. Now Vimcar is developing on major of this details by also integrating issues like gasoline cards, driver licenses or leasing contracts.

“Our aspiration in the extended run is that Vimcar must be able to automatically handle our customers’ fleets, with nominal human interaction,” suggests Schneider.

Meanwhile, competitors consist of Fleetmatics in the U.S. and TomTom’s Webfleet in Europe). “That´s the two massive guys we are attacking,” suggests the Vimcar founder. “The major variance is the product: we don´t build a further fleet administration program for the organization phase but evidently a customer-grade alternative that is extremely quick-to-use and proactively talks to you if there is anything to do”.