Exodrive, a developer of artificial intelligence (AI)-based digital services that allow it to track a motorist’s driving style and prevent accidents, has obtained an investment loan from the Moscow Seed Fund in the amount of 18 million rubles . This was reported to RB.RU by a representative of the fund.
The exact date of return of the investments is not known, the start of the amortization is in two years.
The investments will be used to expand the project and refine the company’s products.
- Exodrive is a digital platform for evaluating driving profiles, monitoring violations, preventing or minimizing risks, and analyzing aspects of vehicle operation.
- The analysis is carried out using a tracer, which is installed in the car battery. Inside the device is an accelerometer and a gyroscope that measures the angle of orientation of the car. All received data is analyzed by AI and uploaded to a web platform, with the help of which it is possible to assess the probability of an accident with a particular motorist.
The service is used by fleets and insurance companies.
Exodrive was founded in 2022 by navigation and IoT technology expert Igor Heresh. The businessman has worked for several years in senior positions at Beyerdynamic, Toyland and others.
In August 2022, Exodrive raised $2 million from Softline Venture Partners, a corporate venture fund.
Author:
anastasia mariana
Source: RB
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