Italian startup raises $6.19 million to develop technology that turns ordinary cars into connected cars

According to foreign media reports, 2Hire, a startup headquartered in Rome, Italy, announced that it has raised $6.19 million (about 43.3275 million yuan) in its Series A financing. This round of financing was led by venture capital firm P101 SGR, Linkem (Italy's leading broadband wireless network company), and existing investors Invitalia Ventures and LVenture Group. 2Hire can turn various types of vehicles such as cars, mopeds, electric bicycles and scooters into connected vehicles.

(Image source: 2Hire)

Launched in 2017 by LVenture Group’s accelerator program, 2Hire is a mobility service platform that interacts with a variety of vehicles through a plug-and-play device that can be easily installed on the ODB-II port. The company’s proprietary technology enables functions such as remote control of vehicles, real-time analysis and data tracking for car rental services and fleet management services.

The company provides mobility solutions that can turn all types of vehicles into connected cars. By equipping the vehicle with the 2Hire Ready-to-use device, all operations can be performed remotely via a smartphone and data can be analyzed in real time.

The 2Hire platform monitors, manages and updates parking services for all major car manufacturers, as well as services related to new shared mobility service operators. Currently, the platform has connected more than 10,000 cars around the world (from Europe to South America) and has developed into one of the leading companies in the field of Mobility as a Service (MaaS) technology, working closely with global partners.

Luigi Capello, CEO of LVenture Group, said: “We have believed in 2Hire since we launched it through our Acceleration Program. With its passion and commitment and our support, 2Hire is now one of the most promising startups in the Mobility-as-a-Service sector. In just three years, the company has validated its business model and expanded in international markets to accelerate growth. This round of financing will further boost the company’s development in international markets.”