AutoBot Raises $6M To Drive Improvement Of Its Automotive Diagnostic Instruments
AutoBot, a Beijing startup that makes diagnostic instruments for automobiles (not the robots in disguise), has raised a $6 million Collection A from Gobi Companions and ABC Capital. The corporate will use the funding for advertising, hiring, and product analysis and improvement.
AutoBot’s major product is the AutoBot Mini OBD (on-board diagnostic) system, which customers can plug into their automotive’s OBD-II outlet or cigarette lighter. It then collects and analyzes knowledge about how the automotive is performing and if repairs are wanted; customers’ driving habits; gasoline consumption; and automotive upkeep, amongst different issues.
The knowledge is then recorded in AutoBot’s cellular apps by means of a Bluetooth connection.
There are already a number of OBD units available on the market, together with Sprint and Automated, however AutoBot seeks to distinguish by way of its software program and apps.
For instance, if a automotive wants a restore or gasoline, the app will advocate close by fuel stations and repair facilities. This provides an O2O (on-line-to-offline) take to AutoBot’s enterprise technique. AutoBot’s app additionally permits drivers to attach with one another and map the perfect routes utilizing GPS and group suggestions.
CEO and co-founder Edwin Hao tells TechCrunch that AutoBot plans so as to add options together with automated collision alerts sooner or later.
AutoBot is at present focused primarily at shoppers in China, which has the most important automotive market on the earth by gross sales. Greater than 20,000 drivers at present use AutoBot merchandise and lots of are first-time automotive house owners. Sooner or later, AutoBot plans to broaden into extra nations after localizing its merchandise for every market.
“China’s vehicle market has been the most important on the planet since 2009. In recent times, Chinese language drivers have expressed vital demand for sensible and reasonably priced hardware options like AutoBot that enhance driver expertise and security. As such, we’re very optimistic about AutoBot’s prospects on this market area,” stated Thomas G. Tsao, managing associate at Gobi Companions.