DETROIT, June 18,
2024 /PRNewswire/ -- Vehya, an easy-to-use mobile app
dedicated to automating the installation, repair, and routine
maintenance processes for home and small business services, today
announced the successful completion of a $2.1 million seed funding round. The funding will
enhance the platform's AI capabilities, expand its service
offerings, and accelerate growth in key markets like California, Texas, Florida, Maryland, and Michigan.
The seed round was led by Community Reinvestment Fund,
USA (CRF), with participation from
other investors. This investment will enable Vehya to further
develop its cutting-edge AI technology, which streamlines the
scheduling, execution, and management of various services,
providing a seamless experience for both consumers and
contractors.
"Vehya's strong track record and commitment to innovation made
them a great fit for CRF's small business lending program," said
Alexis Dishman, CRF's Chief Small
Business Lending Officer. "As a mission-driven Community
Development Financial Institution (CDFI) and small business lender,
CRF strives to fill access to capital gaps and help businesses like
Vehya grow and thrive."
Revolutionizing Home and Small Business Services
Vehya
is transforming the way services are delivered to homes and small
businesses in fields such as electrification, HVAC, and plumbing.
By leveraging AI, the platform automates the entire lifecycle of
service management, from initial request to job completion. This
innovation addresses the common pain points of scheduling
conflicts, inconsistent service quality, and lack of
transparency.
"We are thrilled to have the support of investors who share our
vision of revolutionizing the service industry," said William McCoy, CEO and Founder of Vehya. "This
funding will allow us to enhance our AI technology, ensuring that
we continue to provide exceptional value to our users. Our goal is
to make the process of hiring professionals for home and business
services as easy and reliable as possible with the use of AI."
Enhanced AI Capabilities
The core of Vehya's
innovation lies in its advanced AI algorithms, which match
consumers with the best-suited contractors based on the specific
needs of each job. Whether installing or repairing heat pumps or
water heaters, setting up EV chargers, integrating solar panels, or
managing battery storage systems, Vehya provides real-time updates,
predictive maintenance reminders, and a secure payment system,
ensuring a hassle-free experience for all parties involved.
Expanding Market Reach
With the new funding, the
company plans to expand its market reach, targeting key regions
where demand for automated service solutions in electrification and
renewable energy systems is growing rapidly. The company aims to
onboard thousands of skilled contractors and offer a diverse range
of services, including plumbing, HVAC, electrical work, and even
drywall repairs. "Through our last 2 years in business, we had many
customers ask for our mobile app to help them with other projects.
We have since collected many types of service providers, explains
William McCoy, CEO of Vehya. Our
goal is to help customers with all types of services for their home
and business so that we can also help them with their
sustainability goals."
Commitment to Quality and Reliability
Vehya is
committed to maintaining the highest standards of quality and
reliability. The Vehya suite of technology includes a mobile app
for consumers, a dashboard for partners, and a comprehensive
vetting process for contractors, ensuring proper insurance,
identification, and deployment of qualified professionals.
Additionally, AI, user reviews, and ratings help maintain a high
level of service excellence. "Through AI we are able to automate
many of the processes such as matching, scheduling, and logistics",
explains William McCoy, CEO of
Vehya.
About Vehya
Founded in 2021, Vehya is a technology
company committed to driving innovation in the service industry,
that utilizes AI to automate the installation, repair, and routine
maintenance processes for home and small business services. The
company specializes in making it easier for consumers and
contractors to connect, ensuring reliable and efficient service
delivery. For more information, visit www.vehya.com.
Media Contact:
Carissa, Marketing
Vehya Inc.
379339@email4pr.com
1-866-Vehya-21
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SOURCE Vehya Inc.