Reviver Auto, a Foster City, Calif.-based creator of the RPlate™, a digital license plate, closed an $11.1m funding round.
The round was led by ACK Group, with participation from WRV and a number of strategic individual investors.
The company also announced two additions to its Board of Directors:
– Ken Denman, former CEO of Emotient, which was acquired by Apple, who also serves on the boards of Costco, Motorola and LendingClub; and
– Stephen Polk, CEO of Highgate, LLC, current Chairman of The Detroit Regional Chamber of Commerce, and former Chairman of R.L. Polk and Carfax.
Reviver Auto intends to use the funds to further accelerate the development of the Reviver Auto platform and its patented technology, including RConnect, the platform that manages the RPlate’s functionality, and accelerate its work with state DMVs and legislatures as the RPlate expands its national presence.
Led by Neville Boston, CEO, Reviver Auto has created RPlate™, a connected car platform that digitizes and automates the DMV renewal process. Approved by multiple DMVs and DOTs, the RPlate also provides telematics functionality and brings personalization to existing license plates.
The company’s RPlate Pro transforms the 125-year-old stamped metal vehicle license plate into a multi-functional digital display and connected car platform which will deliver multiple efficiencies to businesses, state agencies and consumers, including a digitally-automated vehicle registration platform.
State DOTs, DMVs, OEMs, fleet management companies and auto dealers, among others, are looking to the RPlate for a myriad of solutions, including streamlined vehicle registration, new opportunities for personalized license plate designs, targeted marketing messaging, emergency alert broadcasting, vehicle tracking and, as electric vehicles popularity takes hold, a solution to the road usage tax tracking issues faced by states.
In addition to California and Arizona, legislation authorizing pilot programs for the RPlate has been passed in Texas and Florida.