About Auto Tech sector in Iran
The Auto Tech sector in Iran comprises 86 companies, including 10 funded companies having collectively raised $22.6M in venture capital money and private equity. Out of these, 1 is Series A+ funded.
This sector includes companies offering technology based solutions to consumers and enterprises in automotive industry.
Auto Tech sector is also known as Mobility Tech or Vehicle Technology.
Companies that provide software to auto industry business stakeholders like dealers, workshops etc to manage their businesses. Companies that provide electric vehicle solutions, autonomous driving, connected vehicle technologies, hyperloop and flycars to both consumers and businesses. Companies that provide platforms to buy and sell vehicles, online media etc. Tech based solutions to off highway vehicles industry are also included. All offline solutions like financing, insurance, repairing, buying and selling, vehicle dealers, news etc Companies that manufacture traditional automotives and parts. Companies that provide IT services, consulting, testing services etc and all other offline solutions for automotive industry are excluded.
Top Auto Tech Companies in Iran
There are 86 Auto Tech startups in Iran which include Bama, Orang, Snapp, Hamrah Mechanic, Tap30. Out of these, 10 startups are funded, with 1 having secured Series A+ funding.
Over the past 10 years, an average of 3 new companies have been launched annually. Notably, several of these startups have been founded by alumni of INSEAD.
Here is the list of top Auto Tech startups in Iran
1. Bama
Online listing platform for cars & motorbikes. Sellers can post ads of their vehicles on the platform. Buyers can search for vehicles, view details & get contact information of the sellers via the platform.
Key facts about Bama
- Founded Year: 2008
- Location: Tehran (Iran)
- Stage: Unfunded
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 1 of 1 Competitors
2. Orang
Provider of GPS-based vehicle tracking systems. It offers web-based software and a mobile application for remote tracking. Its features include remote tracking, live location, remote cut-off, SOS systems, and vehicle tracking based on various parameters.
Key facts about Orang
- Founded Year: 2008
- Location: Shiraz (Iran)
- Stage: Unfunded
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 140 of 5,308 Competitors
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3. Snapp
Snapp (formerly TaxiYaab)is a cab ordering platform via mobile and web. It's part of the Iran Internet Group. Snapp currently operates only in Tehran. Company claims it employs 10,000 drivers in the city. Snapp drivers accept hard cash. Snapp provides the price of the trip beforehand. Company claims driver undergoes a background check and the Snapp team inspects each vehicle. It provides various services such as taxis, commercial transport services, and luxury transport services.
Key facts about Snapp
- Founded Year: 2014
- Location: Tehran (Iran)
- Stage: Series A
- Total Funding till date: $22.4M
- Investors: MTN
- Latest Funding Round: Series A, Oct 09, 2016, $*****
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 2 of 20 Competitors
App-based listing platform for used cars. Buyers can search for the car they want to buy & can contact the seller through the platform. Sellers can list their cars on the platform. Through the platform, users can also compare cars & their prices. Their app is available for iOS & Android devices.
Key facts about Hamrah Mechanic
- Founded Year: 2013
- Location: Tehran (Iran)
- Stage: Seed
- Investors: Smartup Ventures and Pishgam Ventures
- Latest Funding Round: Seed, Dec 01, 2021, $*****
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 2 of 5 Competitors
5. Tap30
Tap30 is an app-based platform that allows users to book taxis. It connects taxi drivers with passengers. Location of taxis can be traced & also can be shared with friends. Estimated fare & in-app payment options are available. App is available for iOS & Android platforms.
Key facts about Tap30
- Founded Year: 2016
- Location: Tehran (Iran)
- Stage: Unfunded
- Tracxn Score: 40/100 What is this?
- Competitors Rank: 3 of 20 Competitors
Companies founded year-on-year in the Auto Tech sector in Iran
13 Auto Tech startups in Iran were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 2 |
2022 | - |
2021 | 3 |
2020 | 3 |
2019 | 3 |
2018 | 8 |
2017 | 13 |
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Funding Trends in the Auto Tech sector in Iran
Recent Funding Rounds in Auto Tech in Iran
In the year 2021, till December 2021, Auto Tech companies in Iran have raised equity funding across 1 round.
Here are some recent, important funding rounds in Auto Tech companies in Iran:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3351 | Dec 01, 2021 | - | |
Series A | 2241 | Feb 22, 2017 | ||
Series A | 2395 | Oct 09, 2016 | ||
Seed | 9225 | Feb 01, 2016 |
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Top Investors in Auto Tech in Iran
Bahman Capital is the top investor in Auto Tech companies in Iran based on number of companies invested.
Here are some top investors in Auto Tech companies in Iran:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Tehran (Iran) | Nema Motor and Lyft | |
Tehran (Iran) | ||
Tehran (Iran) | ||
Tehran (Iran) | ||
Tehran (Iran) |
Top News in Auto Tech in Iran
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