Mile Auto is a pay-per-mile auto insurance company using patented computer vision technologies to help low mileage drivers save money. Mile Auto customers use their smartphone's camera to report mileage once a month, and then pay based on exact miles driven. The result is simple, transparent billing – pay for the miles you drive, not for the miles you don’t.
Location: United States, Georgia, Atlanta
Employees: 11-50
Total raised: $10.3M
Founded date: 2017
Investors 3
Funding Rounds 1
| Date | Series | Amount | Investors |
| 24.05.2021 | Seed | $10.3M | - |
Mentions in press and media 6
| Date | Title | Description |
| 24.01.2023 | Mile Auto Partners with Insurtech Trellis to Expand Distribution | Mile Auto Partners with Trellis “Offering a broad range of high-quality products – including solutions for low-mileage drivers – is essential for both the partners and millions of consumers we serve,” said Daniel Demetri, CEO of Trellis. BO... |
| 17.08.2022 | Mile Auto Pay-Per-Mile Insurance Ranked Number 477 on the 2022 Inc. 5000 | We built Mile Auto around fairness, transparency, and privacy – so you only pay for the miles you actually drive, and our patented technology makes it simple to report your mileage without using an invasive tracking device or GPS-enabled ap... |
| 24.05.2021 | Mile Auto Raises $10.3M in Seed Funding | Mile Auto, an Atlanta, GA-based insurtech company, secured $10.3m in seed funding. Backers included Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures. The company intends to use the funds to expand availability of its ins... |
| 24.05.2021 | InsurTech startup Mile Auto raises $10.3M in funding to disrupt the $311 billion car insurance market by letting drivers pay only for what they use | The estimated auto insurance in the US in 2021 is estimated at $311 billion. The global vehicle insurance market is predicted to reach $1.96 trillion by 2027, according to estimates from Acumen Research And Consulting. Today, the auto insu... |
| 23.04.2020 | Pandemic reset leads investors to focus on resilience, adaptability | Mahendra Ramsinghani Contributor Share on Twitter Mahendra Ramsinghani founded Secure Octane Investments, which includes Demisto, CyberGRX and 16 other infrastructure and cybersecurity companies. Mahendra authored "The Business of Vent... |
| - | Mile Auto | “Mile Auto” |