Car IQ

Car IQ is an energy company in San Francisco, United States, founded in 2016. It has raised $35.0M across 3 rounds, most recently a $15.0M Extension Round in February 2023.

Smart, Secure, and Seamless Vehicle Payments

Employees
11–50
Founded
2016
Business Model
B2B
Total Funding
$35.0M
Last Round
$15.0M Extension RoundFeb 2023
Rounds
3

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 3 funding rounds for this company. The full record is or through the API.

About

Car IQ is a vehicle payment technology company that enables fleet vehicles to initiate and complete secure payments autonomously without physical credit cards. Its Car IQ Pay platform connects vehicles directly to merchants using vehicle identity data, allowing fleets to pay for fuel, tolls, parking, and other services. The platform integrates with telematics systems and connects to major networks including Visa and Discover. Car IQ's Know Your Machine technology authenticates vehicles as trusted payment devices. The company was announced to be acquired by Element Fleet Management in December 2025.

Summary

It lists 11–50 employees. It has raised $35.0M in total across 3 rounds, most recently a $15.0M Extension Round in Feb 2023.

Tech & App Stack

2 technologies & apps tracked

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Funding History

Data from Indexed.vcUpdated
Extension RoundExtension RoundFeb 2023
$15.0M

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Funding: Series A through Extension Round. Amounts, valuations, and investors where available.

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