COMPREDICT Announces Second Closing of Series A with Shift4Good
Impact venture capital fund joins Series A investors to accelerate sustainable mobility solutions through AI-powered Virtual Sensors
Strategic Investment Partnership
COMPREDICT, a provider of secure vehicle data analytics solutions specialized in virtual sensing that leverage standardly available on-board data to reduce the ecological footprint and increase the sustainability of vehicles over the entire lifecycle, today announced an extension of its Series A funding round with Shift4Good.
Shift4Good, an AMF-registered Venture Capital fund dedicated to Impact Investing in smart mobility & circular economy where it intersects with mobility, joins COMPREDICT's initial Series A investors Vektor Partners, BlackBerry and THI.
Key Investment Highlights
- Series A extension with leading impact investor Shift4Good
- Focus on reducing environmental impact through Virtual Sensors
- Transition from R&D projects to series production vehicles
- Edge implementation of Virtual Sensors technology
Leadership Perspectives
I am pleased to announce that Shift4Good joined our Series A funding as a strong partner on our journey for sustainable mobility. Now is the time for us to scale our solution to reduce the environmental impact of vehicles, as we move from R&D projects towards series production vehicles, and edge implementation of our Virtual Sensors' technology.
We are convinced that the development of virtual sensors will contribute to the development of vehicles that require less hardware sensors, vehicles for which critical components can be better right-sized and predictive maintenance ultimately helps improve the lifetime of the asset. Those improvements all yield a significant positive impact on the environment.
Technology Impact
The current trend from individual to shared mobility, and the paradigm shift from a one-time product lifecycle towards re-use and re-purpose of multiple components in a circular economy, both induce major changes in vehicle product specifications. Lifespan mileage of vehicles is getting longer, increasing the need for reliability and durability, while the mitigation of climate change requests a reduction of energy consumption and overall environmental impact of mobility.
COMPREDICT's AI-based Virtual Sensors offer vehicle manufacturers (OEMs) and mobility providers deep insights into how vehicles are used in real life, whatever the usage scenario. The German startup's approach combines years of automotive durability expertise with state-of-the art data science.
Technical Capabilities
Based on standardly available on-board data like temperature, pressure, speed or voltage, COMPREDICT's Virtual Sensors scan vehicles from inside to determine:
- Component load profiles and wear over time
- Component aging patterns
- Anomaly detection before failure
- Health & usage assessment for data-driven decisions
This enables precise component load profiles that pave the way for data-driven durability design, avoiding operational failures while reducing total cost of ownership, weight and energy consumption related to over-designed components.
About COMPREDICT
COMPREDICT provides innovative solutions for sustainable mobility by developing virtual sensors that enable automakers worldwide to optimize vehicle design, usage and maintenance while delivering greater value to customers through new features and lower costs.
About Shift4Good
Shift4Good is an impact venture capital fund dedicated to sustainable mobility and the circular economy. It aims to decarbonise the transport sector for goods and people, which alone accounts for around 20% of global CO2 emissions. With offices in Paris and Singapore, Shift4Good supports entrepreneurs capable of developing and deploying radical innovations required by the climate emergency.
Learn More About Our Technology
Discover how COMPREDICT's Virtual Sensors are transforming automotive intelligence and sustainable mobility.
