Automobile-centric traffic app builder Logisticare has raised $1.1 million from an unnamed investor for its latest round of financing.
The funding, which is in the range of $50 million, was announced on Wednesday in New York.
The company, which provides mobile-focused data and analytics solutions, says its next step will be to expand its services to other areas of the automotive industry.
“Our objective is to provide the data necessary to drive autonomous and connected vehicles,” said the company’s co-founder and CEO, Rajeev Rajan.
“We are committed to creating a mobile platform that enables consumers to discover the best deals on the road and make smarter decisions for themselves and their families.”
The funding, announced at the New York Stock Exchange, comes at a time when car-based data is being increasingly used in auto-focused advertising and marketing.
It is an industry that is rapidly changing, with new technologies and platforms that allow for new levels of efficiency, speed, and predictability.
A key question for Logisticas future is how it will differentiate itself from other apps like Uber, Lyft, and Tesla, which are competing for consumer attention.
This week, the two companies launched their own auto-related advertising platforms, and each one is competing with one another to attract customers.
Uber has raised more than $2 billion, and Lyft has raised close to $1 billion.
In the coming months, the industry will likely see the emergence of several new mobile platforms that will provide more insights into what consumers want from an auto experience.
One such platform, Google Maps, is expected to launch in the second half of 2018, but it could take another two years before the service will be fully integrated with the main app.
Other companies will follow in the footsteps of Logistica in building mobile-centric services that will allow consumers to access data that will help them find the best value on the roads.
“We see ourselves as the ‘Google of the cars,’ as well as the next big player in the auto market,” said Rajan, who joined Logistics in 2014.
What is Logisticares main focus?
While the company offers a variety of services for auto-centric companies like Uber and Lyft, its main focus is to build mobile-based apps that will enable consumers to find the right deals on rides.
For example, the company aims to enable people to search for deals on car rentals, rentals of a car, and car rental services.
With the right app, it aims to build data that helps consumers discover the most lucrative deals on a given ride.
On top of that, it also aims to help car owners and owners of cars in need of repairs find the cheapest car rentals in their area.
As for its plans to scale up its business to include other types of apps, the startup has identified a number of areas in which it is interested.
According to a report from CNBC, it plans to roll out its own ride-hailing service, offering ride-sharing services to the public as well.
Additionally, the developer has identified several other markets in which the app can serve, including retail, restaurant, and other transportation markets.
Where does the money come from?
The funding round will help Logisticās grow its app offering, and it will help the company grow its team and scale its app offerings.
At the same time, it will allow it to leverage the resources it has available, and provide a new platform for the automotive world to use.
Its funding comes at the same period when Google and Tesla have been making big bets on their respective mobile platforms.
Google recently raised $5.5 billion in its initial public offering, while Tesla has raised at least $1bn in its Series B round.
Despite the recent investments, the automotive market has still been slow to embrace new technologies.
More broadly, the mobile app market has been slow growing, which has hurt the growth of competitors.
Companies like Uber are looking to build out their own mobile apps to serve their own services, and some are investing in developing their own solutions.
These companies have raised millions of dollars, but they are all in the early stages of the game, and they may never be able to replicate the success that Google and others have achieved.
How will it work?
In order to leverage its existing apps, Logistic will use its existing data to help drivers.
Specifically, the app will include a vehicle-specific search and recommendation engine.
Users can also be directed to a relevant page that will explain their car rental options and a map that will lead them to nearby car rental companies.
Furthermore, the search will feature information on how the car is faring, as well the vehicle’s condition and other data.
Currently, the only way to get an accurate idea of a driver’s condition is