Intellicar

Intellicar

Cloud and IoT-Based Connected Mobility Solutions

Founded

2015

Headquarters

Bengaluru (India)

Status

Series A

Company Details

Intellicar is a leading technology company specializing in advanced IoT and data-driven solutions for the automotive and mobility sectors. Intellicar has established itself as a pioneer in connected mobility, offering robust platforms that power over 300,000 electric vehicles (EVs) across India.

Core Services

  • Fleet Management :Intellicar offers solutions for real-time tracking, predictive maintenance, and driver monitoring. Their platform also supports automated scheduling, multi-location coordination, cost analytics, and charging management APIs.
  • EV OEMs : For electric vehicle manufacturers, Intellicar provides vehicle and battery data, over-the-air (OTA) updates, usage analytics, and custom integration capabilities.
  • Battery OEMs : Intellicar enables battery OEMs with battery health monitoring, performance analytics, BMS integration, and actionable design insights.
  • Battery Swapping : Their solutions cover battery and station tracking, efficient swap station operations, allocation APIs, and low-latency data transmission.
  • EV Financiers:For EV financiers, Intellicar delivers asset tracking, risk scoring, remote control features, dynamic billing, and portfolio analytics.

Business Model & Revenue Streams

Intellicar operates a B2B-focused business model, generating revenue through a combination of direct technology sales, SaaS subscriptions, and value-added data services. Its primary revenue sources are :

  • Subscription Fees: Recurring revenue from fleet management and IoT platform subscriptions, typically billed monthly or annually.

  • Hardware Sales: One-time sales of proprietary IoT devices, sensors, and telematics hardware installed in vehicles.

  • Data Analytics Services: Premium analytics, predictive maintenance, and AI-driven insights offered as value-added services.

  • Custom Solutions and Integrations: Bespoke software development and system integration for enterprise clients and OEMs.

Customer Segmentation

Its primary customer segments include:

  • Fleet operators (logistics, public transport, self-drive/ride aggregators)

  • Automotive OEMs

  • Smart city and infrastructure projects

  • Enterprises with large vehicle assets

Growth Strategy

Intellicar’s growth is driven by:

  • Market Expansion: Scaling operations across India and targeting international markets with high EV adoption potential.

  • Product Innovation: Continuous investment in AI, edge computing, and advanced analytics to stay ahead of industry trends.

  • Partnerships and Ecosystem Integration: Deepening relationships with OEMs, fleet operators, and smart city initiatives.

  • Acquisitions and Capital Infusion: Recent funding rounds have enabled accelerated R&D and market entry strategies.

Competitive Differentiation

Compared to industry peers, Intellicar stands out for its:

  • Full-stack, customizable IoT and analytics platform, offering both hardware and software under one roof.

  • Proven scalability, supporting hundreds of thousands of vehicles with ultra-low latency and high data reliability.

  • Focus on EV-specific solutions, including battery management and BaaS, which positions it at the forefront of the electric mobility transition.

  • Strong partnerships with leading automotive brands and recognition for innovation in connected mobility.

Intellicar’s integrated, innovation-driven approach and its leadership in the EV IoT space provide it with a distinct competitive edge, making it a compelling choice for investors, industry professionals, and researchers seeking to engage with the future of connected mobility in India and beyond.

Key People

Shunmuga Krishnan Senthil Arumugam

Sidharth Middela

Karan Makhija

Key Metrics

Total Equity Funding

$13.5 Million

No. of Funding Rounds

1

Latest Funding Round

$13.5 Million, Series A

as of April 23, 2025

Post Money Valuation

-

as of N/A

Funding Multiple

-

as of N/A

Investors

Nuveen

Employee Count

104

Similar Companies

Baaz

Exit Details

Acquired by Fabric IoT (May 16, 2022)

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 23, 2025Series A$13.5 Million---Nuveen

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