Vancouver startup Mojio has closed a $2.3 million seed financing round led by Relay Ventures, which included the participation of 500 startups and the Business Development Bank of Canada.
The company is in the final stages of development of a cloud-based device for cars that integrates with a smartphone and automates many vehicle-related tasks and other day-to-day functions, such as paying for parking and turning off lights as the user leaves home.
The financing will be used to bring the device to market. Mojio said the product will be launched within a few months.
“Mojio is creating a custom driver experience through an ecosystem of car apps that will mirror the highly personalized relationships people have with their smartphones, making people’s driving lives intuitive and seamless,” said Mojio CEO Jay Giraud.
“This financing has now propelled our company to a leadership position to bring that vision to the rapidly growing connected car market.”
The company’s product provides the user with detailed vehicle diagnostic reporting, social connectivity and location features.
