Sheeva.AI closes a $9m+ Series A round and AeonCharge partnership plus more in-car service news in our January newsletter

Sheeva.AI closes $9.25 million Series A funding round

Sheeva.AI finalized a $9.25 million Series A funding round, led by strategic investors Poppe + Potthoff Capital GmbH and Pegasus Tech Ventures, along with others.

This milestone would be impossible without the support of our early investors Hagiwara Electric Co Ltd, the Aggarwal Family of India's Sterling Group, Linden Capital GmbH,?Techstars,?Conscious Venture Lab,?Thomas Andrae,?Jedd Canty,?Henry Bingaman,?Martin Olczyk,?Jeff Cherry,?Jim Gerencser,?Logan McCall,?Howard Nathan, CPA, Brent Thompson, and many others.

Sheeva is looking forward to its continued growth and launching the Sheeva.AI connected vehicle payment platform to drivers in the US, India and other countries with global OEMs in 2023.

Charged up @ CES 2023! AeonCharge & Sheeva.AI announce partnership providing one-touch access to 50,000+ EV chargers

It was a very busy CES for the Sheeva.AI team, with dozens of 1:1 meetings and even more visitors to our booth at the LVCC. We also annonced our new partnership with AeonCharge . This partnership gives Sheeva.AI access to over 50,000 public chargers across the US to activate and automate payments for EV charging events.

BIS Research predicts the in-vehicle payments market to be worth $25b by 2031, name-checks Sheeva.AI as a big driver

BIS Research 's latest in-vehicle payment study dives into the market's key players and the size of the new and growing market. They see it growing several multiples to $25 billion by 2031.

In addition to the big automotive OEMs and Tier 1 suppliers you'd expect to be named in a report like this, the report also called out Sheeva.AI as a key enabler of this new driver experience. With various new connected vehicle technologies, automakers can connect with vehicle owners through the whole life cycle of the vehicle. It makes for a better experience for the driver and a critical new source of revenue for automakers.

In case you missed it: In-car services in the news

GM's vision is 20/20 on a connected car future

通用汽车 released new details on their plans for a connected future. They can see in-vehicle subscriptions and services are here and they plan to tap this new source of revenue. Like other OEMs, they are looking for new ways to generate revenue as maintenance costs of EVs versus ICE cars bite into the top line. OTA updates allow for instant connection and tailoring of offerings to provide the most up-to-date solutions and customization to fit each user's preferences.?

You've picked your phone's OS. What about your car's?

We've mentioned before that Apple vs Google is the biggest battle in the smartphone OS world. But how will this translate to the software running your connected car? In 2023, 谷歌 and 苹果 both announced plans to be the dominant OS for vehicle infotainment and dashboard technology. Google showed its automotive presence at CES with its Android Auto and Apple CarPlay is continuing to develop its abilities/offerings in 2023 to be installed into as many OEMs as possible.?

Stellantis' Free2move expands its offerings

Free2move , the connected mobility arm of Stellantis , announced their plans to expand their in-vehicle services and subscription plans at this month's CES in Las Vegas. This comes after they invested over $30 million into the vehicles' software. The automaker sees the software market as being worth hundreds of millions of dollars in the coming years.?