It’s part of a new round of funding for the app which raised £3.02 million, with one of the key investors being Jaguar Land Rover’s InMotion Ventures subsidiary. It’s looking to see how Caura could be integrated into its vehicles.
Sebastian Peck, managing director at Jaguar Land Rover’s InMotion Ventures, said: “In-car infotainment systems are currently primarily used for entertainment, communication, and navigation in our Jaguar and Land Rover vehicles.
“We are really excited about the prospect of seamlessly integrating the Caura platform offering in-car payment for parking, tolls, tax, and congestion, which would be a huge benefit to our customers. We are thrilled to back the Caura team’s vision of delivering a digital ownership experience that is setting a new benchmark for the industry.”
Caura combines all of the major outgoings related to car ownership such as MOT, tax and insurance into a single app. Founded by Dr Sai Lakshmi - a former Apple executive - the app allows users to input their vehicle’s registration number and automatically enable payments for all of the car’s key services.
This latest round of investment will allow Caura to launch extra products including a B2B service for car manufacturers. In addition, many of the app’s features will soon be available through a car’s infotainment system. An Android version of the app will also be created - it’s currently only available via Apple’s App Store.
Dr Sai Lakshmi, CEO and founder of Caura, said: “Our goal was to create a single app from which Britain’s 30 million drivers could manage every aspect of their vehicle’s management and maintenance, from MOT to tax to parking.
“Drivers today have dozens of single-use apps to manage this functionality, and since launch in 2020, we have demonstrated Caura’s value and benefits for tens of thousands of UK drivers. This funding will enable us to realise our vision and expand to all drivers with native in-car systems, starting with Jaguar Land Rover, and for Android and web users as well.”