Home > Profile Articles > CARFIT, a startup using AI to improve mobility, is one of the five finalists at the 4YFN Awards Barcelona 2019.

CARFIT, a startup using AI to improve mobility, is one of the five finalists at the 4YFN Awards Barcelona 2019.

The startup was accelerated by IMPACT Connected Car, a program coordinated by FundingBox

CARFIT team members. Picture from Facebook.

CARFIT, an AI based technology, was selected as one of the finalists of the 4YFN Awards Barcelona 2019, the startup competition focused on accelerating business development and the investment of new technologies.

With hundred of applications, just 5 finalists were selected by professional judges to compete for the the 4YFN19 Award on Wednesday 27 February on the Banco Sabadell Stage from 3pm.

The startup created a self-diagnostic and predictive maintenance platform in the connected car space.

Through their product CARFIT PULSan innovative car vibrations tracking device, this startup aims to help lower car maintenance costs, increase efficiency, and increment the transparency about how vehicles work. The technology blends noise, vibration and harshness automotive science with artificial intelligence to create a library of comprehensive vehicle vibration data.

Click here to play CARFIT PULS video

According to Steve Goyet, International Partnership Manager of CARFIT, the startup “fosters the improvement of European Smart mobility by predicting when the vehicles need repair. They offer a predictive maintenance solution for cars in circulation with a connected sensor -and for future vehicles- via integrated edge Machine Learning into existing parts and new car platforms. In a world where autonomous cars may be the future, self-diagnostics and predictive maintenance on wearing parts will be essential. CARFIT is gearing up to meet this demand.”

The winner of this competition receives prizes with value of €300,000, which includes a free exhibitor stand for 3 days at the 4YFM Barcelona 2019 and a pitch for the solution on the main stage, free office space and business support services in the MediaTIC incubator for a period of 3 months and for 3 staff members, lifetime access to FindThatLead, and a free startup booth at one of these events: 4YFN MWC Barcelona, 4YFN MWC Shanghai or 4YFN MWC LA 2020, among many more benefits.

Good luck to CARFIT at the 4YFN Awards Barcelona 2019!

CARFIT on European initiative IMPACT Connected Car

CARFIT also participated in the acceleration program IMPACT Connected Car, led by Fundingbox and other top players* in smart mobility like ISDIand Mobile World Capital Barcelona.

As the team expressed the experience contributed greatly to the development of the company by providing access to corporate partners, a large panel of investors, and gaining visibility. Besides the initiative helped supporting components needed for a startup, like expert knowledge about technical, business, funding and strategy issues.

IMPACT Connected Car was a program which aimed to create value link-chains for innovation in the Connected Car open space, with vehicle, infrastructure and device, TelCo interactions, and consumer and business services through the acceleration and smartization of over 60 disruptive SMEs.

The program received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 731343.

For more #FundingGrowth information about smart mobility join ICCar community on FundingBox.

*Other top players include: Ferrovial Servicios, CTAG, FIA, Groupe PSA, the FIWARE Foundation, PARP, Insero, Mov’eo, MSAK, LPNT, Argus, HEVO, Little Electric Car, and Botcar.