ALPANA Ventures

New ways to pay for cars and machines with Car IQ

Car IQ is connecting cars directly to merchants to pay for services. They are buying fuel on demand, paying for services at centers like tire changes, brake jobs, tune ups, oil changes and general incidentals around the car.  They’re moving into things like tolling and parking.

Although Car IQ started by focusing on car fleets, as of the third quarter of 2021 it will be moving into consumer facing services as well!

Sterling Pratz, CEO of our portfolio company CAR IQ talks about how customers are looking for new ways to pay that is easier and more secure with PYMNTS.

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