Halo.Car Asset Profile

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Year established

2020

Location

Carson City NV US

Primary Industry

Transportation Services

About

Based in Nevada, US, and founded in 2020 by CEO Anand Nandakumar, Urban Robotics, Inc., d.b.a. Halo.Car operates as a provider of transportation service that allows customers to rent electric vehicles piloted by a remote drive. The vehicles use proprietary patent-pending algorithms to leverage the network connection available at any time, enabling high-performance streaming at low latency and allowing remote pilots to safely drive vehicles from distant locations. In October 2022, Urban Robotics, Inc. raised USD 5 million in seed funding led by At One Ventures, with participation from Earthshot Ventures and T-Mobile Ventures, and Boost VC. The company provides transportation service through an electric car that uses multiple systems to ensure the safety and reliability of its driverless technology. The vehicle is delivered driverless by one of the firm’s remote pilots who navigate using video and sensor data streamed from Halo’s hardware fitted on the car. The remote pilots connect to and operate the vehicles using T-Mobile 5G network, as well as other mobile networks to ensure the vehicle doesn’t lose the connection. Halo.Car’s service eliminates the waiting and walking associated with traditional carshare and rental services by delivering EVs on-demand to a customer’s exact location. Halo.Car plans to use its proceeds from October 2022 funding to accelerate the growth of its driverless electric carshare fleet in Las Vegas following a successful beta launch earlier this year. The company also plans to scale its business growth and expand to more cities with a target of 1,000 EVs on road by the end of 2023.

Current Investors

Boost VC, At One Ventures, T-Mobile Ventures

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Primary Industry

Transportation Services

Sub Industries

Car Hire Services

Website

www.halo.car

Verticals

Artificial Intelligence, Electric & Hybrid Vehicles, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

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