Company profile: Drivemode
1.1 - Company Overview
Company description
- Provider of connected car software and UX/software strategy for electric vehicles and motorcycles, delivering Hondaβs next-generation EV companion platform integrating connected services for Honda and Acura globally, a motorcycle software platform with mobile app and infotainment, the Honda RoadSync app for calls, navigation, music and messaging, and Drivemode for Android with a simplified, voice-enabled dashboard.
Products and services
- Honda RoadSync: Produces an app-based interface for Honda motorcycles and cars enabling seamless transitions between calling, navigation, music, and messaging for integrated, connected car and rider interactions
- Motorcycle Software Platform: Architects an infotainment-centric software platform for Hondaβs new electric motorcycles, combining a mobile app and onboard infotainment to enhance the rider experience
- Vehicle Companion App & Platform: Engineers a global-scale software platform for Hondaβs next-generation electric vehicles, integrating connected services across Honda and Acura vehicles to enhance driving safety and user experience
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Drivemode
Zendrive
HQ: United States
Website
- Description: Provider of mobility risk intelligence solutions leveraging mobile sensor data, including a platform that analyzes mobility risk to improve safety for drivers and passengers; tools for insurance qualification test drives and usage-based insurance with personalized pricing; automated claims intelligence with automatic collision notifications; and advanced risk modeling for insurance pricing and risk segmentation.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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CY Vision
HQ: United States
Website
- Description: Provider of 3D augmented reality head-up displays for next-generation vehicles, integrating driving data into the driver's line of sight. Offers a platform for high-quality AR and immersive VR using low computation technology that calculates high frame rate overlays adapting to seat, head, and eye positions, and holographic display technology to enhance in-vehicle AR.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Cobra
HQ: United States
Website
- Description: Provider of mobile communications and navigation products, offering the Drive Smarter app to enhance radar detectors and dash cams, portable walkie talkies, and business solutions including professional two-way radios, dash cams, and vehicle power inverters, plus accessories such as chargers, mounts, antennas, and headsets; serving the United States, Canada, Europe, and global markets.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Control-Tec
HQ: United States
Website
- Description: Provider of telematics and cloud-based analytics solutions for light-duty, heavy-duty, agriculture, locomotive, and industrial transportation. Delivers an end-to-end vehicle data platform, real-time fleet insights, pre-production validation, warranty monitoring, high-capacity vehicle data recorders, and compact telematics devices for enterprise fleet management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Peloton Technology
HQ: United States
Website
- Description: Provider of connected and automated vehicle technology for trucking fleets, using radar and DSRC V2V to link active safety systems between pairs of trucks to reduce collision-related expenses and fuel costs. Offers PlatoonPro for fuel-saving truck platooning with forward collision avoidance; a Network Operations Cloud for eligibility, monitoring and management; platooning hardware; over-the-horizon alerts; and geofencing and safety approvals.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Drivemode
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Buyer group 1: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 2: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Drivemode
2.2 - Growth funds investing in similar companies to Drivemode
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4 - Top valuation comps for Drivemode
4.2 - Public trading comparable groups for Drivemode
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