CarDr.com Inc
 | |
| Private | |
| Industry | Automotive |
| Founded | February 2020 |
| Founder | Parry Singh |
| Headquarters | Oak Brook, Illinois, USA |
| Website | cardr |
CarDr.com is an automotive firm headquartered in Oak Brook, Illinois, USA.[1] CarDr.com is an automotive technology company that provides industry leading software and hardware solutions for Vehicle Appraisal and Vehicle Inspection. CarDr.com was founded by Parry Singh, an award-winning serial entrepreneur.[2]
CarDr.com is best known for its Vehicle Appraisal solutions based on Smartphone Applications and a OEM quality Wireless OBD device. The CarDr.com valuation incorporates comprehensive OEM level board diagnostic vehicle diagnostics along with leading industry and historical data in order to offer appropriate value of a vehicle based on health. CarDr.com’s service that allows the car dealers, brokers and insurance companies to make instant price value assessment of a Used Vehicle – using its CarDr.com Vehicle Appraisal application & CarDr.com’s wireless OBD Adapter.
History
CarDr.com was founded in 2020 with the aim to revolutionize the automotive industry. The company offers vehicle appraisal that helps dealers while accepting trade-in’s or purchasing a car at the auction and has also gained recognition within a year of its foundation for providing real-time OBD diagnostic data. CarDr.com analyzes vehicle health data to detect a vast range of factors such as fraud, mechanical reliability, diagnostic issues, and damage.[3]
The company’s mobile application is designed to facilitate a comprehensive process that connects the users with the On-Board Diagnostics (OBD) of the vehicle during its inspection via an OBD Adaptor and help them compare the used car to other available options with their reliability and condition.
CarDr.com is backed by Red Fort Capital, a private equity firm and S&P investment-grade finance company.
Products and services
Vehicle Appraisal Solutions:
This service by Cardr.com allows the users to make an instant price value assessment of a Used Vehicle via its smartphone application that is imbibed with an OBD Adapter. The idea behind facilitating this solution was to offer fair prices on trade-ins and the purchase of used cars at Auctions. This solution allows US Auto dealers to perform comprehensive Appraisals of used vehicles
Inspections Services:
This service by CarDr.com aims at offering a platform (on the company’s patent-pending smartphone application) to assess every vehicle type and help the users to make informed decisions. The mobile inspection application also connects to the vehicle's OBD which allows the user to retrieve the vehicle's On-Board Diagnostics.
Vehicle Reliability Score:
This service was designed to offer detailed information on the condition of used cars including, all parameters such as external, mechanical, OBD emission monitors & OBD PID parameters. The final score is calculated with the help of the company's Artificial Intelligence then produces a vehicle inspection report with a reliability score that helps the users to make informed decisions.
Funding
The company has raised $5 Million in Series A funding round.[4]
Gallery
References
- ↑ "CarDr.com Inc - Crunchbase Company Profile & Funding". Crunchbase. Retrieved 25 May 2021.
- ↑ "CarDr.com Raises $5M To Launch AI-Powered 'MRI for Used Cars'". aftermarketNews. 2020-12-10. Retrieved 25 May 2021.
- ↑ "CarDr.com Raises $5M to Launch Artificial Intelligence-Powered 'MRI for Used Cars'". finance.yahoo.com. Retrieved 25 May 2021.
- ↑ "CarDr.com Raises $5M to Launch Artificial Intelligence-Powered 'MRI for Used Cars'". GlobeNewswire News Room. 2020-12-10. Retrieved 25 May 2021.