- Car management app Caura, which has an integrated payments system at its core, has announced a new round of funding that will help it expand and develop its app service.
- “This funding will enable us to realise our vision and expand to all drivers with native in-car systems, starting with Jaguar Land Rover, and for Android and web users as well,” said the firm’s founder.
- It comes after the firm announced a new push to help people in Birmingham reduce the risk of problems with a new car charging system.
A vehicle management company with an online money transfer and payment option has announced a new round of funding for its expansion and app development project.
Caura’s mobile app gives drivers the ability to manage their insurance, tax, toll charges, and more from one central place.
The firm has raised $4.2m in funding.
The investment will come from a range of providers, including TwinFocus Capital Partners, which led the seed funding round.
InMotion Ventures, which is part of Jaguar Land Rover, also participated.
Jaguar Land Rover’s vehicles will soon use Caura’s integrated platform, according to press reports.
Caura aims to reduce the problems associated with owning and managing a car, such as forgetting or missing toll payments.
It also allows for road tax and driver insurance payments to be managed from a central location.
In a statement to the press, the company’s founder and chief executive officer said that the app aims to cover everything from annual tests to day-to-day parking.
Dr Sai Lakshmi emphasised in his remarks that there are tens of millions of drivers in the UK.
“Our goal was to create a single app from which Britain’s 30 million drivers could manage every aspect of their vehicle’s management and maintenance, from MOT to tax to parking,” he said.
He went on to say that the company was now looking to move to “native in-car” services.
“This funding will enable us to realise our vision and expand to all drivers with native in-car systems, starting with Jaguar Land Rover, and for Android and web users as well,” he said.
This is believed to involve a shift towards linking up the firm’s services with what are called ‘infotainment’ systems in cars – such as screens that merge radios and sat navs.
It comes just a few days after Caura announced that it was aiming to help drivers in the British city of Birmingham to pay – or reduce the risk of having to pay – new charges.
“We want to help Birmingham motorists navigate the logistics of the new Clean Air Zone, to ease the confusion or mitigate risks of motorists being surprised with a fine,” Lakshmi said at the time.
“This is a no-brainer – it is consistent with our mission to ease the hassle and expense of car ownership.”
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