Mobility companies platform Stratim, previously referred to as Zirx, sells to KAR

Fundings and Exits

On the heels of its rebrand in November, mobility service STRATIM has offered itself to KAR Public sale Providers, a automotive remarketing firm. Phrases of the deal weren’t disclosed.

STRATIM, previously referred to as on-demand valet and automotive companies startup ZIRX, powers fleet administration for greater than 50 corporations, together with BMW (DriveNow), Normal Motors (Maven), Ford (Chariot) and Toyota, to energy their respective mobility companies.

By means of STRATIM’s vendor market, for instance, Ford can request fuel fill-ups for its Chariot shuttles. The following day, a gasoline firm will come to replenish the tanks after which ship that data again into the system.

“KAR shares our entrepreneurial spirit and has the sources to gasoline our continued progress and growth,” STRATIM CEO Sean Behr mentioned in a press release. “We’re thrilled to hitch the KAR household and ship expertise and innovation that energy our prospects’ fleets.”

STRATIM will proceed to function from its headquarters in San Francisco, however will technically be a part of KAR’s digital companies group. ZIRX had beforehand raised over $36.four million from buyers like Bessemer Enterprise Companions, Norwest Enterprise Companions, BMW’s iVentures and others. The leftover funding rolled over into STRATIM.

Featured Picture: STRATIM

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