Ethias Ventures and LeanSquare have jointly invested in the French startup Linkbycar, a pioneer in automotive connectivity. This strategic investment allows Ethias to diversify its operations and engage further in cutting-edge technology, while helping Linkbycar strengthen its position in the European market and accelerate the development of its universal data processing platform for connected vehicles.
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Linkbycar revolutionizing vehicle connectivity
Founded in 2021, Linkbycar is at the forefront of AI-driven solutions for connected vehicles. It aims to become Europe's leading platform for processing data from connected cars, offering intelligent services to insurance companies and fleet managers. The startup’s SaaS platform aggregates and analyzes data from various vehicle brands, enabling advancements in auto insurance, fleet management, maintenance, and assistance services—without the need for additional telematics devices.
Ethias Ventures supporting innovative auto insurance services
Ethias Ventures targets European startups that offer innovative solutions in insurtech, mobility, health, and housing. The investment in Linkbycar aligns with its mission to enhance the customer experience by leveraging advanced technologies. Ethias sees connected vehicle data as a critical tool for understanding societal mobility needs, personalizing driving experiences, and offering new insurance solutions.
Linkbycar’s growth boosted by Ethias Ventures and LeanSquare
With this investment, Linkbycar plans to accelerate the development of its platform and expand its European market presence. The startup will benefit from Ethias' strong market position and LeanSquare’s expertise in Enterprise Software. Ahmed Salem Soumare, CEO & Co-founder of Linkbycar, expressed excitement about the partnership, noting that it will help them meet the challenges posed by the European Data Act and leverage the rapid growth of connected vehicles in Europe.
