GERMANY - HTGF and BBAF invest EUR 550,000 into Autoaid
High-Tech Gründerfonds and BBAF Business Angels Fondsgesellschaft mbH have invested EUR 550,000 into car diagnostics software startup Autoaid GmbH.
The company's diagnostics system is geared towards professional use in car garages. The software is connected to the vehicle via an interface also developed by the company. Via this, all relevant diagnostic details, such as error codes, measuring values and vehicle data, are read out and sent to the diagnostic server. The server identifies the component that is defective, which is then displayed to the mechanic as the repair solution. Using the autoaid diagnosis software, the car mechanic can reduce the diagnosis time for defective components and the instances of parts wrongly identified as defective and replaced.
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