The startup develops software for electric vehicle dealerships that provides tools for educating customers on ownership costs, tax incentives, charging infrastructure, and battery health assessments. This technology enables dealerships to efficiently address common EV buyer inquiries, enhancing customer engagement and decision-making in the electric vehicle market.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Electric vehicle dealerships face challenges in effectively communicating the unique aspects of EV ownership, such as cost savings, incentives, charging logistics, and battery health, leading to customer hesitation and slower sales cycles. Inconsistent information across various online and in-person channels further complicates the buying process.
Solution
Lyteflo provides a comprehensive EV Revenue Platform designed to streamline the sales process for electric vehicle dealerships. The platform offers a suite of tools that educate customers on EV affordability, including fuel and maintenance savings, available incentives, and charging options. Lyteflo also addresses concerns about battery health by providing certified battery reports, enabling dealerships to accurately appraise used EVs and build customer trust. By integrating these tools into the dealership's website and sales process, Lyteflo helps convert EV shoppers into buyers, retain service customers, and increase profitability.
Target Audience
The primary target audience includes electric vehicle dealerships, automotive lenders, insurers, fleets, repair shops, and vehicle manufacturers aiming to enhance their EV sales and service capabilities.
Features
- **EV Fuel Savings Calculator:** Demonstrates potential fuel cost savings compared to gasoline vehicles.
- **Incentives Finder:** Identifies and displays applicable federal, state, and local EV purchase incentives.
- **Charge Finder:** Interactive map showing charging station locations and estimated range based on driving behavior.
- **Maintenance Savings Estimator:** Calculates reduced maintenance costs associated with EV ownership.
- **Personalized EV Ownership Report:** Generates downloadable reports summarizing the total cost of EV ownership.
- **EV Insights for VDPs:** Enhances Vehicle Detail Pages (VDPs) with key EV attributes like range, connector type, and battery warranty information.
- **Certified Battery Reports:** Assesses EV battery health, providing remaining capacity, estimated lifespan, and real-world range estimates via an OBD2 device.
- **Website Integration:** Seamlessly embeds EV tools into existing dealership websites.