Car IQ creates a unique digital vehicle fingerprint enabling vehicles to transact directly with service providers and payment networks. With autonomous vehicle being the next breakthrough of the century, Car IQ identified the lack of innovation and consistency within the smart and connected car space, specifically around automotive payment solutions.
The Company envisions transforming the automobiles into smart device. Cars will have their own Identity and will provide several digital services to the drivers but as well to third parties.
With this identity, vehicles are able to autonomously transact directly with service providers, physical infrastructures, mobility platform and payment networks.
CEO: Sterling Pratz
Headquarters: San Francisco, US
Initial investment date: February 2017
Site: cariq.xyz
Sterling Pratz, CEO of our portfolio company CAR IQ talks about how customers are looking for new ways to pay that is easier and more secure with PYMNTS.
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