MassChallenge

MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.

Cait Brumme

Acting CEO

Cait Brumme

Managing Partner

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in Automotive

Otomo

Non Equity Assistance in 2021
Otomo is a licensable B2B2C cash management toolkit designed for banks and fintechs. The platform leverages artificial intelligence to offer personalized discounts and rewards, enhancing the financial wellness of consumers. By providing hyper-personalized banking solutions, Otomo enables financial institutions to cater to the unique needs of each end user. This approach not only improves user engagement and retention but also maximizes revenue opportunities for licensing partners. Overall, Otomo aims to create a compelling experience that benefits both consumers and financial institutions alike.

Persist Energy

Non Equity Assistance in 2021
Developer of electric mobility alternatives for businesses, intended to offer a modular utility system for vehicles and an electric bike that generates earnings. The company also provides low-cost charging points for home or business locations, enabling clients to scale the drive train without significant changes to tooling or fixtures.

AMF Medical

Non Equity Assistance in 2021
AMF Medical, based in the EPFL innovation park in Switzerland, specializes in designing high-end, user-friendly fluidic solutions, particularly in automated liquid handling systems. The company emerged when partners involved in a complex lab automation project sought suitable components that were unavailable in the market. Recognizing their expertise in microfluidics, AMF Medical collaborated with these partners to create tailored solutions, resulting in the development of their first product, the automated sample preparator. The company is dedicated to advancing the field of microfluidics by providing innovative and effective solutions for laboratory automation.

Puntopartes

Non Equity Assistance in 2021
Puntopartes is streamlining the spare partsprocurement through a time savvy marketplace where clients meet trusted dealers. Self-Serviced, with expert customer service on demand. 100% online / 7x Faster / up to 50% Cheaper.

Otomo

Non Equity Assistance in 2021
Otomo is a licensable B2B2C cash management toolkit designed for banks and fintechs. The platform leverages artificial intelligence to offer personalized discounts and rewards, enhancing the financial wellness of consumers. By providing hyper-personalized banking solutions, Otomo enables financial institutions to cater to the unique needs of each end user. This approach not only improves user engagement and retention but also maximizes revenue opportunities for licensing partners. Overall, Otomo aims to create a compelling experience that benefits both consumers and financial institutions alike.

Southie Autonomy

Non Equity Assistance in 2021
Southie Autonomy develops a robot software that enables any industrial robot to be re-purposed and re-deployed by any person even without robotics expertise or even computer skills. It aims to help businesses recoup ROI faster by lowering time, cost, and skill barriers, in applications like kitting, palletizing, and simple assembly. The company was founded in 2017 and is headquartered in Boston, Massachusetts.

Endeavor Composites

Non Equity Assistance in 2021
Endeavor Composites provides a zero waste solution for fiber and composite manufacturers. It is manufacturing for the automotive, aerospace, and maritime industries.

Roadprintz

Non Equity Assistance in 2021
RoadPrintz, Inc. specializes in the manufacture of robotic equipment designed for road painting and pavement markings. Based in Cleveland Heights, Ohio, the company focuses on providing machines that can survey, map, paint, and repaint various road markings, including signs such as turn arrows and lane separators. Founded in 2018, RoadPrintz aims to enhance road safety by making effective visual street markings more affordable and accessible for all road users.
Electra Vehicles, Inc. specializes in advanced battery design and control software aimed at enhancing energy storage performance for electric vehicles. Established in 2015 and headquartered in Boston, Massachusetts, the company offers EnPower, a web-based application that aids in selecting the most suitable battery cell model for specific electric vehicle applications. Following the design phase, Electra provides the EVE.Ai control algorithms, which utilize artificial intelligence to optimize battery pack performance, improving aspects such as range, efficiency, longevity, and safety through ongoing software updates. By focusing on optimizing existing battery technologies rather than developing new chemistries, Electra Vehicles aims to accelerate sustainable electrification in the automotive sector.

Cyltronic

Non Equity Assistance in 2021
Cytronic AG specializes in the manufacturing of electric cylinders and linear drives, positioning itself as a market leader with its unique electric cylinder offering. The company provides a variety of electric linear actuators and power transmission products designed for the easy replacement of standard ISO pneumatic cylinders. By promoting efficiency and simplifying installation, Cytronic enables businesses to adopt effective automation technologies, ultimately helping them reduce energy costs associated with traditional pneumatic systems.

To-U

Non Equity Assistance in 2021
We deliver a seamless EV charging experience with comfort, confidence and simplicity.

MellowVans

Non Equity Assistance in 2021
Operator of electric delivery vehicles platform intended for last-mile delivery. The company's platform offers vehicles with a large cargo capacity, regenerative braking, and an IoT system for data generation and route planning, enabling e-commerce businesses to deliver more efficiently and cost-effectively.

Exomotion

Non Equity Assistance in 2020
Exomotion SA, founded in 2018 and based in Plan-les-Ouates, Switzerland, specializes in the development of innovative personal mobility devices. The company's focus is on robotics-based transporter systems that facilitate omnidirectional movement. Exomotion's electronic movement devices integrate advanced electrical boards with motion sensors and a unique wheeled mechanism, allowing for seamless movement in any direction and immediate rotation. This design aims to enhance user experience by rethinking e-mobility, prioritizing both omnidirectionality and safety in its solutions.

TRUscore

Non Equity Assistance in 2020
TRUscore operates as an automotive marketplace focused on facilitating the sale of vehicles and related products. The company offers technology that enables access to used vehicles, primarily through online auctions. By creating a certified marketplace, TRUscore connects various stakeholders, including lenders, insurers, dealers, and retail car buyers. This platform not only assists in the buying and selling process but also helps arrange financing and manage trade disposals. Through these services, TRUscore aims to enhance buyer confidence and ensure secure transactions in the automotive market.

Elemental Coatings

Non Equity Assistance in 2020
SurfEllent develops advanced anti-icing coatings that prevent the buildup of ice on a variety of surfaces. Utilizing unique materials properties and proprietary technology, SurfEllent’s coatings provide dramatically reduced ice adhesion strength, outperforming other advanced coatings technologies while maintaining durability and chemical and UV stability. SurfEllent coatings are highly customizable and can function on a variety of surfaces, leading to applications in aerospace, automotive, trucking, power transmission and generation, and the consumer space – anywhere ice buildup is a significant issue.

TireTutor

Non Equity Assistance in 2020
TireTutor, Inc. operates an online platform designed to connect consumers with local and independent tire dealers. Founded in 2018 and based in Brookline, Massachusetts, the platform offers transparent tire pricing and unbiased recommendations, facilitating comparison shopping for customers seeking the best deals on tires. TireTutor enhances the purchasing experience by helping consumers save time and money. Additionally, it supports tire dealers in optimizing their supply chains and improving their online visibility, ultimately enabling them to increase sales. Through its services, TireTutor aims to simplify the tire buying process while benefiting both consumers and dealers.

SammyOps

Non Equity Assistance in 2020
Developer of fleet management software designed to help fleet owners to monitor usage and maintenance needs. The company's application allows its users to track, manage, and comply with their fleet management and maintenance needs from the convenience of their phones, enabling their clients to reduce costs, cut equipment downtime, and improve safety for commercial fleets.

Navigation Research Company, Inc.

Non Equity Assistance in 2020
Navigation Research is a B2B service company that offers TruScore Certified Pre-Owned Auto Auction (tscpo.com) and an online marketplace hosting interaction between private party vehicle sellers and dealers thereby benefiting both.

Karbook

Seed Round in 2020
Karbook provides easy-to-use administrative tools for repair shops to manage their clients, vehicle service histories, job workflow, business statistics, customer communication & more. Anytime, anywhere. Moreover, by collecting the client’s car history and using predictive algorithms, we are able to project future jobs and set automatic maintenance reminders that will benefit drivers. This way drivers also have an online profile to keep track of their vehicle and keep it in excellent conditions.

Aerospec Technologies

Non Equity Assistance in 2019
Aerospec Technologies is a Chicago-based technology company focused on developing an intelligent three-axis flight control system that can autonomously inspect, monitor and collect high-quality data in the energy industry while making operations safer and more efficient. The insights from our system allow clients to enhance the safety of all stakeholders while reducing the cost of maintaining their assets.

Zero5

Non Equity Assistance in 2019
Developer of an automated parking software designed to connect available spots, drivers, and vehicles. The company's software collects, analyzes, and distributes on-demand real-time data accurately and transforms data into information, enabling customers to maximize their revenue by reducing operating costs and connecting their unused spots with customers who are looking for parking.

Karbook

Non Equity Assistance in 2019
Karbook provides easy-to-use administrative tools for repair shops to manage their clients, vehicle service histories, job workflow, business statistics, customer communication & more. Anytime, anywhere. Moreover, by collecting the client’s car history and using predictive algorithms, we are able to project future jobs and set automatic maintenance reminders that will benefit drivers. This way drivers also have an online profile to keep track of their vehicle and keep it in excellent conditions.

United Aircraft Technologies

Non Equity Assistance in 2019
United Aircraft Technologies provides the aerospace, electrical transportation industry, among others with a smart fastener for electrical wiring that takes off weight (improves payload capacity) and increases maintenance operations through the use of our sensors, AR and AI. Taking something that takes days or weeks down to a day. Helping improve the cost of operating the vehicles. This was based on the life experience of the co-founder, Daryian, who was an aircraft electrician for the US Army and Navy for over 12 years until he got injured because of the thousands of fasteners used today and then became an engineer to create a solution.

Awayr A.I.

Non Equity Assistance in 2019
Awayr A.I. uses data-driven design and machine learning to produce SaaS software products. Our solutions help engineers understand the human attention and distraction implications of designs in real-time, to help them build better and safer user interface.

Caura

Non Equity Assistance in 2019
Caura is the payment platform for your car to manage parking, tolls, congestion charge, MOTs, vehicle tax, and insurance. Caura Protect is an FCA registered product with seven insurers, allowing drivers to purchase and manage motor insurance. Caura Maintain seamlessly manages MOTs and vehicle servicing.

BASF

Non Equity Assistance in 2018
BASF is a global chemical company headquartered in Ludwigshafen, Germany, operating through six primary segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. The company produces a diverse range of products, including basic chemicals, engineering plastics, and specialty materials for various industries such as automotive, construction, and pharmaceuticals. In addition to its core activities, BASF New Business GmbH actively seeks to identify and explore new industrial opportunities, focusing on innovative solutions in chemistry and sustainability. BASF Venture Capital GmbH, the company's investment arm, invests in startups and venture capital funds that align with BASF's strategic interests, emphasizing advanced materials and digitalization, among other fields. The company also has a subsidiary, BASF West Africa Limited, which manufactures construction chemicals in Nigeria. With a commitment to innovation and sustainability, BASF aims to address significant challenges faced by customers in both existing and emerging markets.

Partboyz Auto Parts

Non Equity Assistance in 2018
They are on first name basis with many of the world’s largest auto parts manufacturers and they will go to great lengths to make sure that you find exactly what you need on their site. Their range of services are designed to ensure optimum levels of convenience and customer satisfaction with the retail process; these services include their low price guarantee, free return policy, order delivery, dedicated customer service support and many other premium services.

Rideshaper

Non Equity Assistance in 2018
Operator of a community motorcycle workshop designed to let biking enthusiasts learn and apply motorcycling skills. The company's services specialize in offering a range of different membership programs that let bikers learn new techniques of bike riding, acquire motorcycle troubleshooting skills, and learn how to repair among others, enabling motorcycle owners to connect with biking experts and improve knowledge about bikes, automotive tools, and related mechanical stuff.

Onto

Non Equity Assistance in 2018
Your electric car, one month at a time, one monthly fee. On.to

Nodar

Non Equity Assistance in 2018
Nodar, Inc. specializes in manufacturing advanced sensors for various transportation modes, including cars, trucks, drones, ships, trains, and aircraft. The company offers innovative LiDAR technology and a 3D stereo vision system called Nodar Longbow, which is designed to enhance the capabilities of autonomous vehicles. Founded in 2018 and based in Boston, Massachusetts, Nodar aims to provide a cost-effective and high-performance solution for the automotive, marine, and railway industries. Their products, including the Hammerhead system, utilize off-the-shelf cameras to deliver precise depth sensing, targeting applications for level 3 and level 4 autonomous vehicles. This technology supports functions such as collision warning, path planning, and automatic emergency braking, contributing to improved safety and performance in the automotive sector.

Flux Marine

Non Equity Assistance in 2018
Flux Marine specializes in developing electric marine propulsion systems designed to enhance performance while minimizing environmental impact. The company focuses on creating electric boat motors that utilize solid-state components to achieve zero emissions, thereby reducing pollution in marine environments. By prioritizing efficiency and sustainability, Flux Marine's motors not only enhance transport capabilities but also significantly lower noise and air pollution. Additionally, these propulsion systems are virtually maintenance-free, contributing to a reduced carbon footprint and promoting cleaner practices within the marine industry.

TheWhollySee

Non Equity Assistance in 2018
TheWhollySee is a seed-stage start-up on a mission to build large, diverse, and high-fidelity image datasets for the training and certification of AI brains that drive autonomous vehicles.

EMSeva

Non Equity Assistance in 2018
Operator of a mobile vehicle service center intended to provide doorstep services. The company's mobile service van offers two-wheeler servicing which includes washing, cleaning, clutch, break-chain setting, spark plug and air filter cleaning, oiling, battery, tire pressure and lights checking, oil change, and a lot more, providing customers with hassle-free experience at low cost.

Denim

Grant in 2017
Axle Payments specializes in providing financial solutions to the freight industry, focusing on small freight brokers and their carriers. Founded in 2016 by Shawn Vo and Bharath Krishnamoorthy, the company is headquartered in New York. Axle Payments offers non-recourse factoring and payment processing services, which help brokers and carriers access the working capital they need to operate effectively. In addition to factoring, the company provides integrated payment solutions, collections, and financing options that enhance the efficiency and transparency of financial transactions within the logistics sector. Axle Payments aims to support the sustainability of the global logistics industry through its innovative financial services.
Power Assist Solutions is dedicated to reducing fatigue and injury in hospital caregivers by improving patient transport in hospital and healthcare settings. Their design features an affordable and detachable motorized device that can be easily affixed to the sides of wheelchairs, reducing human effort input and improving wheelchair mobility. This works to reduce nursing injury rates, while helping hospitals lower healthcare costs. Power Assist Solutions is dedicated to reducing fatigue and injury in hospital caregivers by improving patient transportation in hospitals.

Autonomous Healthcare

Grant in 2017
Autonomous Healthcare’s mission is to reduce intensive care unit morbidity and mortality through automation.

C2A Security

Grant in 2017
C2A Security Ltd. is a cybersecurity company based in Jerusalem, Israel, specializing in solutions for the automotive and trucking industries. Founded in 2016, C2A develops a comprehensive suite of cybersecurity products designed to provide end-to-end protection for vehicles. Its offerings include the stamper, SecMon, the protector, and DoIP Client, which collectively address various layers and attack surfaces within vehicles. The company's innovative approach incorporates artificial intelligence and machine learning, enabling original equipment manufacturers to detect and mitigate cyber threats ranging from autonomous system hacks to chip-level vulnerabilities. C2A's solutions are tailored to meet the specific needs of automotive manufacturers, focusing on cost-efficiency, rapid market deployment, and seamless integration into existing systems.

Komp-ACT

Grant in 2017
Komp-ACT SA, founded in 2018 and based in Écublens, Switzerland, specializes in manufacturing electric motion technologies for the electric manufacturing industry. The company produces a range of products, including electric linear actuators, electronic controllers, and electric direct-drive grippers. Komp-ACT has developed an innovative electric actuator solution called Modula, aimed at enhancing the performance of industrial machines in the automation sector. This technology not only reduces weight and maintenance costs but also minimizes electric and mechanical failures, leading to lower energy consumption and CO2 emissions. By streamlining the assembly, installation, and adjustment processes for machinery, Komp-ACT supports builders and end-users while contributing to environmental sustainability.

TFC Simulations

Grant in 2016
TFC Simulations is a Swiss company active in the manufacture of high quality simulators for the automotive, aviation and construction industries.

ParkWise

Grant in 2016
ParkWise is an innovative company focused on addressing the challenges of street parking for drivers and autonomous vehicles. Their Intelligent Parking Platform connects users and vehicles with parking infrastructure, facilitating automatic data exchange to enhance the parking experience. By employing artificial intelligence and machine learning, ParkWise provides real-time information on parking availability, predictions, and relevant regulations. The platform is designed to optimize user behavior and improve overall parking efficiency, making the process more convenient and enjoyable. With a dedicated team of engineers and data scientists, ParkWise leverages extensive experience in Intelligent Traffic Management Systems to deliver effective parking solutions.

TANGI0

Grant in 2016
Tangi0 Ltd focuses on the research, development, and manufacturing of a flexible touch-sensitive material that eliminates the need for conventional electronic sensors. This innovative technology enables the creation of three-dimensional controls applicable across various industries, including automotive and computer peripherals. Incorporated in 2015 and headquartered in London, Tangi0 employs a cost-effective, assembly-free manufacturing process to produce ergonomic and intuitive products. The company is actively developing a range of computer peripheral products and is establishing joint development partnerships with leading firms in the automotive and gaming sectors.

KG

Grant in 2016
KG develops an innovative hardware-enabled software solution aimed at enhancing automotive training. The company utilizes IoT technology to facilitate remote practical training for technicians. Its system integrates a portable hardware module with smartphone and tablet applications, allowing users to learn various fault types across multiple car models. This approach provides technicians with essential hands-on training, ensuring they acquire the skills necessary to address modern automotive challenges effectively.
Electra Vehicles, Inc. specializes in advanced battery design and control software aimed at enhancing energy storage performance for electric vehicles. Established in 2015 and headquartered in Boston, Massachusetts, the company offers EnPower, a web-based application that aids in selecting the most suitable battery cell model for specific electric vehicle applications. Following the design phase, Electra provides the EVE.Ai control algorithms, which utilize artificial intelligence to optimize battery pack performance, improving aspects such as range, efficiency, longevity, and safety through ongoing software updates. By focusing on optimizing existing battery technologies rather than developing new chemistries, Electra Vehicles aims to accelerate sustainable electrification in the automotive sector.

BeautyVan

Grant in 2016
Beauty Van is a mobile shop concept who empowers beauty salons by providing: Product and service training, an Intelligent stock system, exclusive products and a great customer experience. They own 5 mobile stores and 76 customers. They plan to increase 40 units in 5 years and 42 customers per van.

City Transformer

Non Equity Assistance in 2016
City Transformer is an automotive technology company focused on creating innovative solutions for urban mobility. The company has developed an electric city vehicle featuring a patented folding mechanism that allows the car to narrow to just one meter in width. This unique design enables drivers to easily navigate tight traffic and park in spaces typically reserved for motorcycles, significantly enhancing urban parking convenience. The vehicle combines advanced technology, including smart sensors, while prioritizing safety and an improved driving experience. By adapting the car's dimensions and driving behavior, City Transformer addresses the challenges of conventional passenger vehicles, making urban commuting more efficient and accessible.

DealerScience

Grant in 2015
DealerScience, LLC, founded in 2011 and headquartered in Boston, Massachusetts, specializes in developing digital retailing software for the automotive industry. As a subsidiary of TrueCar Dealer Solutions, Inc., the company offers a range of dealership tools, including desking solutions and website plug-ins that enhance product development and sales processes. DealerScience's technology enables users to calculate lease and finance deals, automatically generate vehicle specials, and respond swiftly to customer inquiries. It provides personalized payment options, allows for online deal reservations, and facilitates customized vehicle searches within budget constraints. By streamlining these processes, DealerScience helps car dealerships automate complex tasks, optimize deal structures, and ultimately increase their revenues.

FuelDrop

Grant in 2015
FuelDrop, is an up and coming start-up that formed out of MIT in the greater Boston area. For anyone living in a major city, filling up your car with gasoline can be a real pain. Limited gas stations coupled with high gas prices results in an experience that is dreaded by all. At fueldrop they ask ourselves, why are they still using this archaic method of getting gas? Why do they have thousands of cars driving to one gas station... what if the gas just came straight to your car? The team at fueldrop is creating a fuel delivery service so you will never have to go to a gas station again.

Hyliion

Grant in 2015
Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial transportation industry. It provides battery management systems for hybrid and fully electric vehicle applications. The company was founded in 2018 and is based in Cedar Park, Texas.

CarKnow

Grant in 2014
CarKnow specializes in developing hardware and software solutions that extract and utilize data from vehicles. Its CARduino device connects vehicle networks to a cloud server, enabling the efficient capture and generation of automotive data. The company's CloudThink architecture facilitates the development of a wide range of applications, enhancing aspects like safety, security, comfort, and convenience in vehicle interactions. By bridging the gap between in-vehicle information and external applications, CarKnow aims to revolutionize the experience of connected cars.

AutoAgronom

Grant in 2014
AutoAgronom specializes in developing advanced irrigation and fertilization control systems aimed at enhancing agricultural efficiency. By leveraging innovative Fuzzy Logic technology and the expertise of agronomic specialists, researchers, and experienced farmers, the company provides solutions that significantly reduce water and fertilizer usage. These systems enable farmers to achieve higher crop yields while potentially saving up to 50 percent of water and 70 percent of fertilizers, promoting sustainable agricultural practices and environmental protection. Through its strategic approach and dedication to agriculture and the environment, AutoAgronom is positioned to make a meaningful impact in the farming industry.

Autowale

Grant in 2013
AutoWale offers a 24x7 Dial-an-Auto-Rickshaw service in Pune. The company’s vision is to make commute system better and reliable - not by putting more vehicles on roads. Instead, by re-using existing infrastructure in a more optimized way. Offering radio-auto-rickshaw service is company’s first step towards this vision, as we see auto-rickshaws as nerve of commute system, especially in cities like Pune.

Jaze.com

Grant in 2013
Jaze turns every car into a smart car with a free, easy-to-install device for your vehicle and a Bluetooth-enabled mobile app, which together provides instant crash responding and real-time automotive diagnostics for all cars built in North America and Europe since 1996. They hope to reduce vehicular crash response time by 50% and help eliminate friction between driver and mechanic in the $500B automotive service, repair and after market auto parts industry. Jaze is a free mobile app that makes your car smarter, safer and more affordable to drive.

Rotary Robotics

Grant in 2012
Rotary Robotics is an engineering company dedicated to bringing aerial photography to the masses. They specialize in product development and R&D of autonomous technologies. They have experts in flight robotics, embedded systems, airframe design, control systems and rapid prototyping.

TireTech

Grant in 2012
TireTech de-vulcanizes tires, creating clean raw materials in demand by manufacturers.
Lab Automate Technologies specializes in automation solutions for various industries, including biotechnology, pharmaceuticals, food, chemicals, and environmental control. The company designs and develops cost-effective systems aimed at enhancing efficiency and competitiveness in the global market. By focusing on precision powder dispensing technologies, Lab Automate Technologies enables clients to streamline their product development lifecycles and improve the reliability and speed of laboratory and manufacturing processes. Their innovative approach helps organizations stay ahead in an increasingly competitive landscape.

AirVentions Inc

Grant in 2011
AirVentions develops technology that offers practical, cost saving solutions for the transportation and aviation industries. Their lead products focus on collision avoidance systems for airport support equipment. They address problems that cause damage to aircraft which oftentimes lead to delays, cancellations and other costly inefficiencies. While training for a ramp agent position, Spencer Irvine learned about the costly nature of seemingly avoidable collisions that occur on the airport ramp between parked aircraft and ground support vehicles. Observing that the industry had very little technological innovation in this area, he then designed a collision avoidance system and AirVentions Inc.

Driveway

Grant in 2011
Driveway is a cloud-based technology company focused on enhancing driver safety and aiding auto insurers in assessing risk. It offers a telematics platform that utilizes patented artificial intelligence to automatically measure driving behaviors through smartphones, eliminating the need for additional hardware. By leveraging sensor fusion, machine learning, and AI algorithms, Driveway provides insurers with detailed data on driving performance, which enhances pricing intelligence and promotes lower loss ratios. This innovative approach supports the Usage-Based Insurance model, making it easier and more cost-effective for insurers to roll out driver safety programs. The platform not only rewards safe driving but also helps ordinary drivers improve their habits without complications, fostering a safer driving environment.

Turo

Grant in 2010
Turo Inc. operates an online car rental marketplace that connects local car owners with travelers seeking to rent vehicles for various needs, including local pickup, city delivery, and airport delivery. Founded in 2009 and based in San Francisco, California, Turo allows car owners to list their vehicles, enabling them to earn extra income while providing renters with a diverse selection of cars at competitive prices, often up to 40% lower than traditional rental options. Since its national launch in 2012, Turo has developed a robust community of over 2 million owners and travelers, facilitating convenient access to vehicles in neighborhoods and airports alike. This platform empowers car owners to monetize their vehicles and enhances travelers' experiences by offering unique choices tailored to their preferences.
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