RYD

RYD, formerly known as TankTaler, offers a plug-in device for vehicle diagnostics and connectivity solutions for drivers. The device connects to the vehicle's OBDII port and tracks and syncs real-time vehicle data with a companion app, sharing information such as battery voltage, engine faults, fuel consumption, theft and towing alerts, and mileage. Users can log trips, check fuel levels, compare fuel consumption patterns, and receive maintenance recommendations. RYD's platform serves connected vehicle applications with consumer telematics and vehicle tracking capabilities, enabling fleet operators and individual drivers to monitor vehicle health, optimize fuel efficiency, and receive proactive diagnostic alerts. The technology also supports insurance telematics use cases, enabling usage-based insurance models through driving behavior data collection. Founded in 2014 and headquartered in Munich, Germany, the company has raised approximately $11.9M in Series B funding from investors including Axa, BP Ventures, InsurTech Hub Munich, Plug and Play Tech Center, CalAmp, Wessel Management, Mercedes-Benz, and Card Europe. RYD differentiates itself through its OBDII-based connected vehicle platform that combines real-time diagnostics, fuel monitoring, and theft protection with insurance telematics capabilities for both consumer and fleet applications.