Mile Auto logo — Pay-Per-Mile Auto Insurance | The less you drive, the more y...

Mile Auto

Pay-Per-Mile Auto Insurance | The less you drive, the more you save.

Founded 2017 United States Atlanta, United States 26 employees Series Unknown Total: $21.00M Computer Vision, Insurance +1

General Information

Company Name Mile Auto
Founded Year 2017
Location United States Atlanta, United States +1
Employees 26
Industries Computer Vision, Insurance, Insurtech
Funding Stage Series Unknown
Social

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About Mile Auto

Mile Auto is a pay-per-mile auto insurance company founded in 2017 in the United States. The company's slogan, "Pay-Per-Mile Auto Insurance | The less you drive, the more you save," encapsulates its business model. Mile Auto utilizes patented computer vision technologies to enable low mileage drivers to save on insurance costs. Customers use their smartphone's camera to report mileage once a month and are charged based on the exact miles driven, resulting in transparent billing. The recent $4.22M Venture Round investment received on 11 December 2023 signifies investor confidence in the innovative approach of Mile Auto. The company operates in the Insurtech and insurance industries, offering a promising solution for cost-effective auto insurance tied to actual usage.

Taxonomy: auto insurance, insuretech, computer vision, pay-per-mile, telematics, patented technology, mileage-based billing, smartphone technology, innovative insurance solutions, Porsche Auto Insurance, headquartered in Atlanta, regulatory approval, low mileage drivers, transparent billing, insurance technology

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• - 11 Dec 2023
Debt Financing •••••• - 07 Oct 2022
Seed Round •••••• 4
Investor Investor Investor Investor
24 May 2021
Venture Round •••••• 1
Investor
21 Apr 2020
Seed Round •••••• 3
Investor Investor Investor
02 Feb 2019

View All 6 Funding Rounds

Mile Auto Alternatives & Competitors

Mile Auto vs
Carsabi
Carsabi United States

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Seed
11-50 employees
AI, Social Media
Mile Auto vs

The Regulatory Compliance Technology Leader

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Mile Auto vs
Danis Auto
Danis Auto United States

The Most Likeable Dealer on the Planet

14 employees
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Also compare with: Mile Auto vs Cardata Cardata

FAQ About Mile Auto

Pay-Per-Mile Auto Insurance | The less you drive, the more you save.
Mile Auto was founded in 2017.
Mile Auto is headquartered in Atlanta, United States.
Mile Auto operates in the following industries: Computer Vision, Insurance, Insurtech.
Mile Auto has approximately 26 employees.
Mile Auto has completed 6 funding rounds, raising a total of $21.00M. The latest funding stage is Series Unknown.
Top alternatives and competitors to Mile Auto include Carsabi, ProMiles Software Development Corporation, Danis Auto, Cardata, Harbord Insurance Services Ltd. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mile Auto and Carsabi are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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