Lyteflo, a Toronto, Canada-based provider of an electric vehicle (EV) merchandising solution, raised $3M in Seed funding.
The round was led by Diagram, with participation from Whitecap Venture Partners and Amplify Capital.
The company intends to use the funds to expand operations and its development efforts.
Founded by Ryan Osten (CEO) and Dominick Rivard (CTO), Lyteflo provides a one-stop shop for EV solutions, enabling dealerships with the data and tools they need to sell EVs faster. Its EV revenue platform, powered by its comprehensive EV data engine, which employs first and third-party data to deliver its EV conversion and merchandising solutions, provides a suite of tools that communicate VIN-specific EV savings including fuel and maintenance savings, state, federal and local tax incentives, a charger and trip planner, personalized ownership reports, and EV data enrichment, adding critical EV information to the dealership vehicle detail pages. Dealerships are embedding Lyteflo into their website to increase EV lead conversion, level up their sales team in the showroom, and sell EVs faster.
Lyteflo also recently announced a partnership with DealerOn, a leader in automotive website and marketing technology solutions. The collaboration allows DealerOn’s 7000 dealers to connect with Lyteflo, putting its innovative tools in the hands of dealers nationwide to revolutionize the EV shopping experience.
FinSMEs
15/01/2025