BMW i Ventures announced an investment in Tekion, a technology provider that delivers the most modern cloud platform available for the automotive retail space.
Headquartered in San Ramon, CA, Tekion was founded in 2016 by a world-class team with a unique background combining deep enterprise cloud platform understanding with automotive retail operations.
Tekion comes to market with their digital Service Experience (dSE) platform, the only end-to-end digital technology for both consumers and dealership personnel that connects the entire service experience from appointment scheduling to payment and everything in-between. Thanks to a cloud-built platform with advanced machine learning and AI capabilities, Tekion can help dealers offer a personalized and seamless consumer experience.
“Tekion team has built a cutting-edge solution from ground up that seamlessly connects dealers, consumers and OEMs” said Dr. Ulrich Quay, Managing Director at BMW i Ventures. “We are convinced that Tekion will play a big part in the evolution of the dealer software industry, and we are thrilled to join the journey.”
Tekion will use the investment to expand its sales and customer support, and continue its rapid pace of product innovation.
Through its previous investments in the fields of e-mobility, navigation, parking, car sharing and intermodality, BMW i Ventures has already entered into strategic partnerships with innovative providers such as Scoop, Zirx, RiceCell, Chargepoint, Life360, Moovit, JustPark, DSP Concepts, Chargemaster, Zendrive, Rever Moto, STRIVR, Desktop Metal, BUS.com, Proterra, Xometry, Caroobi, GaN Systems, Shift, May Mobility, Blackmore Sensors and Analytics, Vera, Mapillary, Claroty and Graphcore.