OVO Automotive, a “Vehicle Infotainment as a Service” company providing car fleet businesses control over their connected vehicle screens, grabbed $3.5 million in funding. The investment round was led by Regah Ventures and angel investors, including a partner in Benchmark Capital, Venture Capital Fund from Silicon Valley, and Michael Van Swaaij former Skype CEO.
The funding will help OVO develop a cloud based solution in collaboration with significant players in the automotive industry. It is a SaaS service that streams apps from the cloud platform directly to the vehicle screen.
Stream any app on any connected car
OVO uses an original cloud-based app delivery method. It supports plug-and-play to any existing infotainment system, enabling in-vehicle customer interaction independent of automakers and Apple/Google.
Using OVO’s technology, the automotive sector can now run applications in the cloud and seamlessly stream them to the screen on any connected vehicle. The In-Vehicle Infotainment systems do not run the applications, so the safety and security of the vehicle, driver, and passengers is not compromised.
Currently, OVO is raising SAFE investment on the Pipelbiz crowdfunding platform.
With OVO, car fleet businesses like car rental, sharing, leasing, importers and dealers gain complete and remote control over their connected vehicle screens, enabling them to provide branded, differentiated, localised and personalised customer experiences in their vehicles. Additionally, OVO offers its fleet business clients the opportunity to upsell value added services such as insurance, roadside assistance, maintenance, charging/fueling, parking, and other location-based services tailored to specific driver and vehicle requirements.
Prioritises on safety
Tel Aviv-based OVO Automotive was founded by entrepreneur Dr. Zlotkin Gilad with a track record of 3 exits, former VP of Cloud at Radware, founding Director of the Cisco Software Development Centre in Israel.
OVO has filed patent applications for the optimal implementation of cloud-based application streaming technology in vehicles, and has partnered with four strategic companies for the development of an automotive grade solution. At the end of the development process, these strategic partners, some of which are the biggest players in the automotive industry, will also become potential customers for the service.
These solutions are needed by companies that manage vehicle fleets to directly interact with drivers on the go.