Car IQ Raises $15M in Oversubscribed Addition to Series B Led by Forte Ventures With Participation From Visa, Bridgestone, Navistar, Circle K


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The round was led by Forte Ventures with participation from existing investors including State Farm Ventures®, TELUS Ventures, and Avanta Ventures (the corporate venture arm of CSAA Insurance Group). Car IQ Pay is accepted at over 21,500 fuel stations nationwide including Shell, Sunoco and others across the US. Currently Car IQ Pay is accepted at over 21,500 fuel stations nationwide including Shell, Sunoco and others across the US. "Car IQ continues to excel in today's challenging economic climate," said Louis Rajczi, partner of Forte Ventures. Using Car IQ Pay vehicles can automatically initiate and complete payments for services ranging from fueling, toll management, paid parking, EV charging, and more.