Sheeva.AI has announced it has closed a follow-on investment from Conscious Venture Partners (CVP) through their Conscious Venture Fund II investment vehicle. Financial details were not disclosed.
The company said the investment will accelerate the adoption of its connected vehicle technology and Open API platform for the automation of location-based services and in-car payments.
The investment is the third for Sheeva.AI this quarter, building on funding from Japan’s Hagiwara Electronics in early October and Techstars‘ second investment in later that month. These investments reflect the growth Sheeva.AI has achieved in North America, APAC, and Europe and the momentum Sheeva.AI has for its in-vehicle services and payments API platform heading into 2022.
Sheeva.AI’s platform allows OEMs and services providers to use real-time vehicle location to automate payments, trigger driver-centric contextual events, and streamline consumption of vehicle services, the company said.
Contact: Sheeva.ai, press@sheeva.ai, www.Sheeva.AI.
