ProovStation, a Lion, France-based provider of automated vehicle testing solutions assisted by Artificial Intelligence, raised €10.4M in funding.
The round was led by Supernova Invest, with participation from Otium Capital, and Crédit Agricole Création.
The company intends to use the funds to consolidate its role and to establish itself internationally as a key player in the used vehicles market.
Led by Cédric Bernard, CEO, CFO Anton Komyza and General Director Gabriel Tissandier, ProovStation is an industrial deeptech startup which has developed the first automobile scanner that fully automates the inspection and valuation process for used vehicles. The company’s stations, built in France, use a new generation AI based on the latest NVIDIA graphic cards and a optronic system which allow them to perform a 360° scan of the vehicle in three seconds. More than 300 photos are taken and analysed by its algorithms before making a complete diagnosis. Covering all viewing angles, the station identifies all defects with millimetre precision and automatically generates an exhaustive and quantified inspection report listing the vehicle’s defects.
The ProovStation network already has more than 130 stations under deployment in 13 countries on three continents at well-known groups such as SiXT, le Groupe BERNARD, le Groupe Starterre, le Groupe Charles André and BCA Group.
The automobile scanners, enhanced by the MICHELIN Quickscan® technology which automatically tests tire wear, are already available free-of-charge for self-service in the parking lots of several Carrefour hypermarkets in France. These allow car owners to obtain an instantaneous firm offer (non-binding unless specifically approved by them), guaranteed by BCA Group, for their vehicle at a fair price relative to the market based on the objective evaluation of its condition.
FinSMEs
26/01/2023