Vimcar, a startup out of Berlin, is developing a clever tech solution to help small to medium-sized companies manage their car fleets.
It consists of an internet-connected aftermarket “OBDII” adapter that plugs into the diagnostic port of a vehicle, and an app to do things like mileage tracking, which is particularly useful for tax and expenses purposes.
The bigger plan, however, is to turn Vimcar into a fully-fledged digital fleet manager, handling the whole gamut of managing company vehicles and all of the associated processes.
To help that become a reality, the startup has raised $5.5 million in Series A funding. Unternehmertum Venture Capital Partners (the investment branch of Munich-based UnternehmerTUM), and Coparion led the round. Other investors include the French Groupe…