Car IQ® has created a payment network for cars that eliminates the need for physical credit cards and enables vehicles to connect to merchants and transact securely. Using Car IQ Pay vehicles can automatically initiate and complete payments for services ranging from fueling, toll management, paid parking, EV charging, and more. Car IQ's payment solution delivers value by reducing fraud and risk for fleets and participating merchants.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/07/23 | $15,000,000 | Series B |
Avanta Ventures Bridgestone Circle K Ventures Forte Ventures  Navistar State Farm Ventures TELUS Ventures Visa | undisclosed |
| 07/29/25 | $8,000,000 | Growth |
Financial Technology Partners | undisclosed |
