Already operational in Nigeria, Ghana, and Kenya, the mobile app’s founders now prospect in Europe, India, and Australia. They want to make the app a reference in the car industry.

On Feb 4, 2022, the South African start-up secured $1.3 million in a follow-on round that recorded the participation of Kalon Venture Partners, Launch Africa Ventures, IDF Capital, Allan Gray E2 Ventures, and AlphaCode. The first three investors had already contributed an undisclosed amount during Carscan’s seed round in October 2020. 

Carscan is an augmented reality (AI) mobile application with integrated artificial intelligence (AI). It creates an accurate, reliable, complete, and traceable exterior or interior scan of a car. Launched in 2019 by Obins Choudhary and Chander Prakash, it helps actors of the car market buy, sell, lease, maintain, insure, finance, and auction cars with confidence.

With a database of over two million pictures of cars in different conditions, the app's technical inspection of cars helps detect modifications, dents, scratches, etc., estimate the overall condition of a car and estimate the extent of repairs needed in real-time. The app is also useful for insurers and individuals.

Chander Prakash, the co-founder of Carscan, said the company “is working with some local and international clients and has been developed in conjunction with one of the largest players in the automotive sector in South Africa.”

Explaining their interest in Carscan, Clive Butkow, CEO of Kalon Venture Partners, said the startup has demonstrated exceptional talent and its solution solves a large problem across industries. He said the new round is “testimony to the growth of the company and the Carscan’s team’s ability to deliver a solution solving a large problem across industries.” 

Within three years only, Carscan has grown considerably. The App is already available in Nigeria, Ghana, and Kenya. This, its founders hope to expand to the European, Indian and Australian markets. 

Ruben Tchounyabe