Car IQ raises USD5 million in Series A funding to expand autonomous payment gateway for vehicles
US-based start-up is developing payment gateway that will enable vehicles to automatically connect a bank’s payment network, validate and pay for their own services
Car IQ has raised USD5 million in Series A funding round led by Quest Venture Partners, the US-based start-up specializing in vehicle payment technology said in a press release on 25 June. The financing round was also participated by new investors including Avanta Ventures, Citi Ventures, Alpana Ventures, Plug and Play and Alumni Ventures Group’s (AVG) Spike Ventures. Car IQ will use the fresh capital to expand its autonomous payment gateway for vehicles.
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