Revvo

Revvo offers a sensor-enabled machine learning and artificial intelligence (AI)-based software platform (called “TireIQ”) that can monitor vehicle tires. It collects data from connected vehicle fleets and its proprietary IoT-enabled tire-mounted sensors and provides visibility and predictive analytics on tire life, while also notifying the user of tire damages in real time. Other key features include providing tire maintenance recommendations, real-time tire status, and insights into driver behavior (e.g., impact of aggressive driving on tires). 

Revvo pitches its product toward autonomous vehicles, rental cars, trucks and trailers, fleet companies, retailers, and distributors. The company claims to have collected data from over 200 million miles as of February 2024.

Key customers and partnerships

In January 2021, Revvo partnered with the South Korean tire manufacturer Hankook Tire and the North American junk hauling company Junk King to pilot Hankook’s SmartFlex tires integrated with Revvo’s tire technology for 30% of Junk King’s vehicles operating in California. In March 2022, Revvo partnered with vehicle fleet management company DC Water to pilot its smart tire platform for a variety of fleet vehicles. 

Revvo has integrations with fleet management systems such as Geotab, Lytx, Platform Science, ARI—a Holman Enterprise, Fleetio, and Zapier.

Funding and Financials

In May 2022, Revvo raised USD 6 million in seed funding led by Cercano Management to expand its market reach and partners. Previously, in December 2021, the company raised an undisclosed amount in seed funding from Norwest Venture Partners.

Key competitors: None comparable (Revvo is the only startup offering a platform to monitor vehicle tires)