Imagine Vehicles Paying For Their Own Services

Steve Bernardez writes about how Avanta Ventures is joining forces with Car IQ to transform mobility.

Imagine vehicles requesting and paying for their own services, such as maintenance, repairs or even insurance. Avanta Ventures’ newest portfolio company, Car IQ, will enable cars to do just that. A company developing technology to enable full machine-to-machine commerce, Car IQ’s mobile payment gateway enables vehicles to autonomously connect to a bank’s payment network, validate services received, and pay for them. 

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