Jun 22, 2021

Caura attracts Jaguar Land Rover and Big Tech execs

Caura
JaguarLandRover
Insurtech
Apple
2 min
Caura’s seed round has attracted investment from Jaguar Land Rover’s venture capital arm and unnamed execs from Big Tech firms Google and Apple

London-based Caura was founded in 2018 by a team of “auto enthusiasts and engineers” who wanted to make car ownership easier.

Determined to bring every aspect of motoring up-to-date with the digital era by integrating it with peoples’ smartphones, the company enables insurance, road tax, city charges, tolls, and MOT payments to be covered from a single platform.

In addition, customers with more than one car can manage multiple vehicles simultaneously. “Driving used to be a pleasurable experience but more recently, we seem to be spending more time administering our cars than enjoying them,” said Caura. Automating and consolidating these complexities are viewed as the first step in this journey. 

The app will reportedly be available on Android in June 2021 (the web app has already been released).

Delivering a digital ownership experience

Caura’s US$4.2mn seed round is particularly notable for the companies that chose to participate. In addition to being led by TwinFocus Capital Partners, other investors included the corporate venture capital arm of Jaguar Land Rover (InMotion Ventures) and several angel investors such as Antony Sheriff, former CEO of McLaren.

Perhaps most intriguing is the participation of two unnamed executives from Apple and Google. Dr Sai Lakshmi, who founded Caura, was himself a former Apple exec between 2012 and 2015.

“Our goal was to create a single app from which Britain’s 30 million drivers could manage every aspect of their vehicle’s management and maintenance, from MOT to tax to parking,” commented Lakshmi. 

“Drivers today have dozens of single-use apps to manage this functionality, and since launch in 2020, we have demonstrated Caura’s value and benefits for tens of thousands of UK drivers. This funding will enable us to realise our vision and expand to all drivers with native in-car systems, starting with Jaguar Land Rover, and for Android and web users as well.”

New products for 2021

According to Caura, customers can look forward to several new products in 2021, including:

  • In-built car infotainment systems featuring the Caura platform embedded for even easier vehicle management
  • Parking and electric charging payments
  • Continuous development of existing features to maintain service quality

According to Sebastian Peck, Managing Director at InMotion Ventures, Caura’s integration with car systems is particularly exciting:

“In-car infotainment systems are currently primarily used for entertainment, communication, and navigation in our Jaguar and Land Rover vehicles. We are really excited about the prospect of seamlessly integrating the Caura platform offering in-car payment for parking, tolls, tax, and congestion, which would be a huge benefit to our customers. 

“We are thrilled to back the Caura team’s vision of delivering a digital ownership experience that is setting a new benchmark for the industry.”

Cover image source: Caura

Share article

Jul 23, 2021

The Ultimate FinTech & InsurTech LIVE Event

Fintech
Insurtech
live
event
3 min
Where innovation meets implementation, coming to you live from London

Whether you attend virtually or in person, it will give you the chance to network with C-Level executives, share ideas with industry pioneers, and walk away with actionable, unique insights to bolster your business and career. 

By the end of the three-day event, you will have seen the latest innovations in both FinTech and InsurTech. You will be able to see how companies like yours are tackling the problems that keep you up at night, engage in a community that many struggle to access, and share your ideas with people who care as much as you do. 

Order your tickets now to take advantage of our limited-time Early Bird offer. 

 

How can you attend?

 

In the post-Covid era, not everybody wants to travel for events. So FinTech and InsurTech Live will be completely hybrid. That means you can attend the event in person or virtually - with no disadvantages to people who don’t make the trip to the Tobacco Dock. 

 

In-person

 

FinTech and InsurTech Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

 

Virtually

There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.

 

What’s on the agenda? 

 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding fintech and insurtech will be discussed. 

 

  • Tuesday 14 October - Diversity and Inclusion
  • Racial equality (11:30 am)
  • Supplier diversity (12:00 pm)
  • Sustainability (12:30 pm)
  • Women in fintech (14:30 pm) 
  • Wednesday 15 October - Challenger and neobanks 
  • Cashless society (14:00 pm) 
  • SMEs (14:30 pm) 
  • Thursday 16 October - Adopting new-age digital solutions in the insurance industry (06:00 am)


Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The topics surrounding digital transformation should certainly be on the mind of every executive after the events of 2020 and how we all had to adapt to meet customer’s needs. Creating a digital roadmap is key, and making changes to the traditional ways of working. Customers now have new needs, and keeping up to speed with the digital changes, whilst also doing so safely, are important. 

If you want to get leading perspectives on the future of fintech and insurtech, you can purchase your tickets here.

Share article