Lyteflo has secured $3 million in Seed funding to enhance its electric vehicle merchandising solutions for dealerships, aiming to support the automotive industry's transition to a predominantly electric future.
Target Information
Lyteflo is an innovative electric vehicle (EV) merchandising solution that aims to assist auto dealerships in expediting inventory turnover and enhancing battery appraisal capabilities. Founded by Ryan Osten (CEO) and Dominick Rivard (CTO), Lyteflo integrates seamlessly into dealership websites, positioning itself as a comprehensive resource for dealers navigating the electric vehicle market.
The company recently secured $3 million in Seed funding to further develop its EV Revenue Platform, which provides a suite of tools to disseminate VIN-specific savings information, tax incentives, and personalized ownership reports. This initiative is intended to empower dealerships to convert leads and sell EVs more rapidly as the automotive industry transitions toward a predominantly electric future.
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Industry Overview
The global automotive landscape is undergoing a significant transformation as electric vehicles (EVs) are projected to account for over 50% of total vehicle sales by 2035. This shift is driven by heightened awareness of environment
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Diagram
invested in
Lyteflo
in 2025
in a Seed Stage deal
Disclosed details
Transaction Size: $3M