Lyteflo: Paving the Way for Electric Vehicle Sales
January 17, 2025, 5:02 pm
The electric vehicle (EV) revolution is here. But many dealerships are still stuck in the past, clinging to internal combustion engines like a lifebuoy in a storm. Enter Lyteflo, a Toronto-based startup that just secured $3 million in seed funding. This infusion of cash aims to help dealerships transition smoothly into the electric future.
Founded by Ryan Osten and Dominick Rivard, Lyteflo is not just another tech company. It’s a lifeline for dealerships struggling to adapt. The automotive landscape is shifting. Consumers want EVs, but many dealerships lack the tools to meet this demand. Lyteflo offers a comprehensive EV merchandising solution that integrates seamlessly into dealership websites. It’s a one-stop shop for all things electric.
The funding round was led by Diagram, with support from Whitecap Venture Partners and Amplify Capital. This backing signals confidence in Lyteflo’s vision. The company plans to use the funds to expand operations and enhance its development efforts. The goal? To equip dealerships with the data and tools they need to sell EVs faster and more efficiently.
Lyteflo’s EV Revenue Platform is the heart of its offering. It provides a suite of tools that communicate VIN-specific EV savings. This includes everything from fuel and maintenance savings to state and federal tax incentives. Imagine a dealership where customers can see exactly how much they’ll save on their next EV purchase. That’s the power of Lyteflo.
But it doesn’t stop there. The platform also features a charger and trip planner, personalized ownership reports, and EV data enrichment. This means dealerships can add critical EV information directly to their vehicle detail pages. It’s like giving customers a roadmap to their electric future.
Dealerships are embedding Lyteflo into their websites to increase EV lead conversion. The technology levels up the sales team in the showroom, allowing them to engage customers with confidence. In a world where speed is crucial, Lyteflo helps dealerships sell EVs faster.
Ryan Osten, the co-founder and CEO, has a rich background in the automotive industry. He previously served as COO at Gubagoo, a leader in messaging and digital retailing solutions for dealerships. Under his leadership, Gubagoo partnered with over 6,000 dealerships, including 90% of America’s top dealer groups. This experience gives Osten a unique perspective on the challenges dealerships face in the EV market.
Lyteflo recently announced a partnership with DealerOn, a leader in automotive website and marketing technology. This collaboration allows DealerOn’s 7,000 dealers to connect with Lyteflo. It’s a game-changer. By putting innovative tools in the hands of dealers nationwide, Lyteflo is set to revolutionize the EV shopping experience.
The automotive industry is at a crossroads. Manufacturers are pushing for more EVs, and consumers are eager to make the switch. However, many dealerships are still navigating the waters of change. They need guidance, and that’s where Lyteflo comes in. The company is not just selling a product; it’s offering a solution to a pressing problem.
The transition to electric vehicles is not just a trend; it’s a necessity. As the world grapples with climate change, the demand for sustainable transportation will only grow. Dealerships that fail to adapt risk being left behind. Lyteflo is here to ensure that doesn’t happen.
The funding round is a testament to the growing interest in EV technology. Investors are recognizing the potential of companies like Lyteflo. They see the shift in consumer behavior and the need for dealerships to adapt. This is not just about selling cars; it’s about creating a sustainable future.
Lyteflo’s approach is data-driven. By leveraging first and third-party data, the company delivers effective EV conversion and merchandising solutions. This data-centric model empowers dealerships to make informed decisions. It’s like having a compass in uncharted territory.
As the EV market continues to expand, the need for effective merchandising solutions will only increase. Lyteflo is positioning itself as a leader in this space. With its innovative platform and strategic partnerships, the company is poised for growth.
In conclusion, Lyteflo is more than just a tech startup. It’s a beacon of hope for dealerships navigating the electric vehicle landscape. With $3 million in seed funding, the company is ready to make waves. The future of automotive sales is electric, and Lyteflo is leading the charge. Dealerships that embrace this change will thrive. Those that don’t may find themselves stranded in the past. The choice is clear.
Founded by Ryan Osten and Dominick Rivard, Lyteflo is not just another tech company. It’s a lifeline for dealerships struggling to adapt. The automotive landscape is shifting. Consumers want EVs, but many dealerships lack the tools to meet this demand. Lyteflo offers a comprehensive EV merchandising solution that integrates seamlessly into dealership websites. It’s a one-stop shop for all things electric.
The funding round was led by Diagram, with support from Whitecap Venture Partners and Amplify Capital. This backing signals confidence in Lyteflo’s vision. The company plans to use the funds to expand operations and enhance its development efforts. The goal? To equip dealerships with the data and tools they need to sell EVs faster and more efficiently.
Lyteflo’s EV Revenue Platform is the heart of its offering. It provides a suite of tools that communicate VIN-specific EV savings. This includes everything from fuel and maintenance savings to state and federal tax incentives. Imagine a dealership where customers can see exactly how much they’ll save on their next EV purchase. That’s the power of Lyteflo.
But it doesn’t stop there. The platform also features a charger and trip planner, personalized ownership reports, and EV data enrichment. This means dealerships can add critical EV information directly to their vehicle detail pages. It’s like giving customers a roadmap to their electric future.
Dealerships are embedding Lyteflo into their websites to increase EV lead conversion. The technology levels up the sales team in the showroom, allowing them to engage customers with confidence. In a world where speed is crucial, Lyteflo helps dealerships sell EVs faster.
Ryan Osten, the co-founder and CEO, has a rich background in the automotive industry. He previously served as COO at Gubagoo, a leader in messaging and digital retailing solutions for dealerships. Under his leadership, Gubagoo partnered with over 6,000 dealerships, including 90% of America’s top dealer groups. This experience gives Osten a unique perspective on the challenges dealerships face in the EV market.
Lyteflo recently announced a partnership with DealerOn, a leader in automotive website and marketing technology. This collaboration allows DealerOn’s 7,000 dealers to connect with Lyteflo. It’s a game-changer. By putting innovative tools in the hands of dealers nationwide, Lyteflo is set to revolutionize the EV shopping experience.
The automotive industry is at a crossroads. Manufacturers are pushing for more EVs, and consumers are eager to make the switch. However, many dealerships are still navigating the waters of change. They need guidance, and that’s where Lyteflo comes in. The company is not just selling a product; it’s offering a solution to a pressing problem.
The transition to electric vehicles is not just a trend; it’s a necessity. As the world grapples with climate change, the demand for sustainable transportation will only grow. Dealerships that fail to adapt risk being left behind. Lyteflo is here to ensure that doesn’t happen.
The funding round is a testament to the growing interest in EV technology. Investors are recognizing the potential of companies like Lyteflo. They see the shift in consumer behavior and the need for dealerships to adapt. This is not just about selling cars; it’s about creating a sustainable future.
Lyteflo’s approach is data-driven. By leveraging first and third-party data, the company delivers effective EV conversion and merchandising solutions. This data-centric model empowers dealerships to make informed decisions. It’s like having a compass in uncharted territory.
As the EV market continues to expand, the need for effective merchandising solutions will only increase. Lyteflo is positioning itself as a leader in this space. With its innovative platform and strategic partnerships, the company is poised for growth.
In conclusion, Lyteflo is more than just a tech startup. It’s a beacon of hope for dealerships navigating the electric vehicle landscape. With $3 million in seed funding, the company is ready to make waves. The future of automotive sales is electric, and Lyteflo is leading the charge. Dealerships that embrace this change will thrive. Those that don’t may find themselves stranded in the past. The choice is clear.