Mobile-based automotive technology major Drivemode raised a $ 6.5 million series A funding round led by Panasonic Corporation, one of the largest automotive suppliers in the world.
With active users in more than 180 countries and over one million app downloads, Drivemode plans to utilize the funds to accelerate new product development while expanding its global team.
Drivemode is also focused on increasing partnerships with both content and service providers to deliver new functions such as parking reservations and roadside assistance to drivers, as well as automakers building the next generation of connectivity solutions for cars.
Drivemode CEO Yo Koga, said, “With this funding, we will be able to meet the overwhelming demand from international partners who need our platform right now.”
Koga said, “We’re lucky to have found such dedicated backers who have demonstrated a clear commitment to ushering in a new era where anybody with a smartphone can benefit from connected car features.”
Endorsing this, Susumu Ibaraki, Director of Automotive Business Development Center at Panasonic, said, “In a new era where a significant portion of drivers rely on smartphones, our products need to evolve as fast as smartphone technologies do,” said
“That’s why Drivemode’s ability to understand driver behavior on a global scale and offer new solutions in real time have unparalleled potential in the rapidly changing automotive industry.”
Based in Silicon Valley, Drivemode is an Android app created by former Zipcar and Tesla innovators. Designed to change the way consumers interact with their cars, Drivemode’s “no-look” interface allows users to focus on the road ahead, not their phone, while easily accessing music, navigation, calls, texts and more.