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Home COUNTRY SCANDINAVIA&BALTICS

Estonian startup DriveX grows with new Investment in AI-powered inspections

Arctic Startupby Arctic Startup
February 6, 2025
Reading Time: 5 mins read
in SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Tallinn-based startup DriveX has raised €1.2M to enhance its AI-powered windshield damage detection technology. The funding round, led by Carglass Estonia and supported by a development grant from the EIS Applied Research Program (RUP), will help DriveX expand its capabilities in vehicle inspections. The company’s technology assists insurers and repair services in assessing glass damage remotely, reducing unnecessary windshield replacements. Through its partnership with Carglass Estonia, DriveX aims to improve efficiency in damage assessments and spare part management. The company is also exploring broader applications for its technology in other repair sectors, aligning with Europe’s ‘Right to Repair’ initiative.

DriveX develops AI-driven software for remote vehicle inspections, enabling insurers, fleet operators, and repair services to assess damage efficiently. Its web-based platform standardizes image capture, verifies content in real time, and generates detailed damage reports. Initially focused on pre-insurance vehicle assessments, DriveX has expanded its technology to car rental, sales, and repair companies. The system helps reduce unnecessary replacements, optimize repair decisions, and streamline claims processing.

Glass damage accounts for 40 percent of all vehicle insurance claims, so DriveX solution helps insurance and repair companies enable customer self-service for damage assessments.

It uses AI to make repair or replacement decisions, to increase repairs and reduce unnecessary windshield replacements.

“Handling glass damage is our next step in making vehicle repairs more economically and environmentally fair. Looking ahead, I see significant waste and inefficiencies in the repair of other assets as well, such as buildings or consumer electronics. The European Parliament’s ‘Right to Repair’ initiative is providing strong momentum for creating a sustainable future, and we aim to become a leader in this space,” stated Rauno Sigur, CEO of DriveX.

Until now, DriveX has primarily served insurance companies, offering an imaging solution for pre-insurance vehicle risk assessments. Last year, the company introduced AI-based functionality for windshield damage detection, expanding its market reach. The DriveX application guides car owners in capturing images of windshield damage.

“DriveX helps us reduce labor costs and enhance the customer experience with its smart remote solution. Our bookings are more accurate, and spare part management is smoother – for example, we don’t need to order a new windshield if the damage is repairable. Additionally, DriveX’s solution improves transparency in our processes and enhances trust among key customers,” commented Sven Freiberg, CEO of Carglass Estonia.

Click to read more funding news.

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Read the orginal article: https://arcticstartup.com/drivex-raises-e1-2m/

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