Automobile IoT startup Vehico raises funding from Appliyifi

Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has received an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.

The fresh capital, raised in late October, will be used to strengthen its product, scale up the technology infrastructure and to expand the team, said Abhishek Chatterjee, founder and CEO of Vehico.

“Within next 2 quarters we are coming up with advanced hardware, product improvements, and an API-based solution which anyone can integrate with their current solution. Our vision behind Vehico is to build a connected transportation ecosystem bringing better safety, security, connectivity and efficiency in the transportation industry,” he said.

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