AI Parts is a startup dedicated to revolutionizing the aftermarket automobile maintenance industry. Established in 2018 and based in Italy, the company's slogan, "Smarter automotive maintenance with powerful AI," encapsulates its mission. AI Parts aims to predict breakdowns before they occur, thereby improving global auto parts distribution systems and enhancing the overall customer experience. The company's proprietary software, consisting of products like Techpro, Saidtext, and a dedicated predictive maintenance dashboard, is currently in the testing stage. By recording, tracking, and predicting car maintenance needs, this technology utilizes research data, local conditions, and other factors to formulate optimal solutions, continually improving through each interaction. In January 2020, AI Parts secured a €600.00K debt financing investment. This funding will potentially accelerate the development and deployment of their innovative automotive predictive maintenance solutions. With more than a billion cars on the road daily and the automotive maintenance industry projected to reach US$810 billion by 2026, AI Parts' advanced software will play a pivotal role in shaping the future of automotive predictive maintenance through artificial intelligence.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | €600.00K | - | 02 Jan 2020 | |
Debt Financing | €700.00K | - | 01 Jun 2018 | |
Seed Round | €30.00K | - | 01 May 2018 |
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