Kinetic Raises $21M in Series B Funding
Summary
The company will use the new funding to accelerate its business growth and continue to add top technology and engineering talent to its team. Founded in September 2021 by Nikhil Naikal and Sander Marques, Kinetic is an automotive infrastructure company that delivers digital repair for modern vehicles, including EVs, AVs and PHEVs. The company’s certified technicians leverage Kinetic’s proprietary AI, computer vision and robotics to provide digital repair of modern vehicles for the automotive aftermarket. The company offers scanning, programming and calibration of all modern vehicles equipped with advanced driver assistance systems (ADAS) via its Kinetic Hubs, which are staffed by certified technicians, and through revenue-sharing agreements with traditional collision repair centers, dealerships and rental fleets. Kinetic currently operates four service hubs across the nation—in Las Vegas and in Orange County, San Bernardino and Lake Elsinore in California—and plans to launch four additional hubs in the coming months to meet the demand for repair of the digital systems that power modern vehicles.