Drivemode
Company

Last deal

$6.5M

Amount

Series A

Stage

23.03.2017

Date

3

all rounds

$9.01M

Total amount

date founded

Financing round

General

About Company
Drivemode is a company that develops a mobile-based connected car platform.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Drive mode, driving mode, drivemode

founded date

01.01.2014

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The platform offers a simple interface, easy-to-use voice commands and large buttons that enable drivers to access smartphone functions like navigation, messaging, music player, Bluetooth and calls entirely via voice command, creating a better driving experience. Drivemode's goal is to make driving smarter, safer, and more connected by fundamentally changing the way technology is used in the car. The company has attracted key players in the connected car ecosystem and is currently working with various connected car players and automakers. In 2019, Drivemode was acquired by Honda as their first startup acquisition, and the company is now expanding its vision by bringing together software and hardware to build new products that solve real needs for millions of drivers around the world.
Contacts

Contact Email

Social url

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M&A Details
1

Transaction name

Acquired by

Honda R&D

announced date

26.09.2019

Financials

Funding Rounds
4
3

Number of Funding Rounds

$9.01M

Money Raised

Their latest funding was raised on 23.03.2017. Their latest investor MITSUI SUMITOMO INSURANCE Venture Capital (MSIVC). Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
23.03.2017
4
$6.5M
01.01.2016
1
11.12.2014
1
$1.86M
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People

Founders
3
Jeff Standard
Jeff Standard

Jeff Standard

current job

Drivemode
Drivemode

organization founded

1

Jeff Standard

Yo Koga
Yo Koga

Yo Koga

Yo is Founder, CEO at Drivemode, a Silicon Valley-based early stage start-up that is developing the safest, most intelligent driving assistant for smartphones and tablets. In addition to UX/UI design, Yo manages all aspects of the company.

current job

Miyako Capital
Miyako Capital

Yo Koga

Hokuto (HK) Ueda
Hokuto (HK) Ueda

Hokuto (HK) Ueda

HK is the co-founder of Drivemode, an automotive technology startup based in Silicon Valley, where he oversees operations and business development. Prior to Drivemode, HK spent over 4 years at Tesla Motors as Product Launch Manager, leading the successful launch of the Model S sedan and the Tesla Factory in Fremont, CA. HK continued to work on mission critical projects for Tesla such as Production Ramp-up, Cost Reduction, Right Hand Drive & Dual Motor Model S Launch, and setting up the world's largest battery manufacturing facility, the Gigafactory. Before Tesla, HK was an automotive electronics engineer for Panasonic Automotive, where he designed electrical components for automakers such as Toyota and Honda. HK holds a B.S. in Mechanical Engineering from University of Washington, and an MBA from Harvard Business School.

current job

Drivemode
Drivemode

organization founded

1

Hokuto (HK) Ueda

Employee Profiles
7

Jeff Standard

Vice president, product

Naoko Ota

Controller, a.k.a drivemode mom

Hokuto (HK) Ueda

Hokuto (HK) Ueda

Co-founder

Yo Koga

Yo Koga

Representative Director, CEO and Founder

Jeff Standard

Jeff Standard

Co-Founder

Activity

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