2015
Bengaluru (India)
Series A
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.
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.
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
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.
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.
$13.5 Million
1
$13.5 Million, Series A
as of April 23, 2025
-
as of N/A
-
as of N/A
Nuveen
104
Baaz
Acquired by Fabric IoT (May 16, 2022)
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
April 23, 2025 | Series A | $13.5 Million | - | - | - | Nuveen |