What Lyteflo does

Lyteflo is a Toronto-based automotive technology company, founded in 2024, that provides an EV Revenue Platform for automotive dealerships and adjacent automotive businesses. The platform's core technology is an OBD2-based Quick Battery Test device that plugs into an EV to read battery health data in seconds, generating Certified Battery Reports that include State of Health percentage, usable capacity, cell health verification, estimated useful life, and real-world range. Surrounding the diagnostics core, Lyteflo bundles a suite of EV merchandising modules: EV Fuel Savings, Incentives Finder (federal/state/local), Charge Finder, Maintenance Savings calculator, Personalized EV Ownership Report, and EV Insights for VDPs (vehicle detail pages that surface range, connector type, battery warranty, and charge times).

The company monetizes exclusively via monthly subscriptions on a quote-based pricing model, with the OBD2 hardware device supplied to dealers as part of the subscription. The go-to-market is primarily sales-led, targeting automotive dealerships as the core customer segment, with explicit expansion intent into automotive lenders, insurers, fleets, repair shops, and OEMs. Distribution combines direct sales outreach with product-led growth through the company website, where many tools are accessible without logins. Lyteflo has secured one publicly named enterprise customer, Carnex (a Toronto-based used EV dealer), which became the first Canadian dealer to display Lyteflo-verified battery health data across its inventory in March 2026. The company also exhibited at the NADA Show in Las Vegas, signaling US market intent. Lyteflo has raised $3M in a single early-stage round led by Diagram Ventures with Amplify Capital and Whitecap Venture Partners (January 2025) and operates with a headcount of 1-10.

Name

Lyteflo

Legal name

Lyteflo

Website

https://lyteflo.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Lyteflo is a Toronto-based EV technology company founded in 2024 that provides automotive dealerships with an OBD2-based battery diagnostics platform and EV merchandising tools, sold via monthly subscription to accelerate used EV sales and service retention.

Ownership category

akta.pro rank

Product category

Automotive Dealership Software

NAICS

Custom Computer Programming Services (541511)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

EV Battery Warranty, Degradation Analytics & Lifecycle Optimization for V2G (EUAFAMAL)

akta.pro secondary industry

Testing, Certification & Compliance for Smart Charging/V2G (Grid Codes, Safety) (EUAFAMAK)

Keywords

• EV battery diagnostics
• Automotive dealership software
• Battery health certification
• EV sales platform
• EV merchandising tools

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Supply Chain, Infrastructure

Revenue model

1. Monthly Subscription Platform: All products including EV merchandising tools (Fuel Savings, Insights, Incentives Finder, Charge Finder, Certified Battery Reports) are provided on a monthly subscription fee basis. This is the primary revenue stream, bundling multiple tools into one platform for dealerships.
2. OBD2 Device Hardware: The company provides dealerships with a simple hardware device that plugs into the EV OBD2 port for battery testing. The device is likely sold or provided as part of the subscription service for conducting battery health diagnostics.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Lyteflo provides an EV Revenue Platform for automotive dealerships that combines OBD2-based battery health diagnostics (Quick Battery Test) and Certified Battery Reports with EV merchandising tools such as Fuel Savings, Incentives Finder, Charge Finder, Maintenance Savings, EV Insights for VDPs, and Personalized EV Ownership Reports. The platform is delivered on a monthly subscription basis to help dealers sell more EVs, retain service customers through annual battery checks, and appraise EVs with precision. An OBD2 hardware device is supplied to dealers to perform battery tests in seconds.

Product overview

Lyteflo offers a unified EV Revenue Platform combining multiple EV merchandising and battery diagnostic tools for automotive dealerships. The platform's core offerings include Certified Battery Reports powered by Quick Battery Test technology (OBD2-based diagnostics), and a suite of sales tools including EV Fuel Savings, Incentives Finder, Charge Finder, Maintenance Savings, Personalized EV Ownership Report, and EV Insights for vehicle detail pages. All tools are available via monthly subscription and integrate with dealer websites.

Differentiator

Problem solved

Functional benefit

Products and services

• EV Revenue Platform Unified subscription platform for automotive dealerships that bundles EV merchandising tools, battery diagnostics, and ownership cost analysis to help dealers sell more EVs, retain service customers, and appraise EVs with precision.
• Certified Battery Reports Battery health certification reports for used EVs that show State of Health percentage, usable capacity, cell health verification, and estimated useful life, enabling dealers and customers to purchase used EVs with confidence.
• Quick Battery Test OBD2-based battery diagnostic service and accompanying hardware device that plugs into an EV to deliver a battery health report — including remaining capacity, estimated useful life, and real-world range — in seconds, sharable on dealer websites and with customers.

Quantifiable outcome

• Battery health verification enables faster EV sales by building customer trust
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• CarnexcoreChannel Partner/ Reseller/ Distributor · 3 March 2026Carnex, a Toronto-based used EV dealer, became the first Canadian dealer to display verified battery health data on all applicable vehicles in its inventory. The company partnered with Lyteflo to conduct professional battery scans and issue battery health badges (including State of Health percentage, usable capacity, and cell health verification) on verified vehicles. This partnership marks Lyteflo's entry into the Canadian market and establishes them as a leader in EV battery certification for dealers.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Recurrent: Recurrent produces EV battery health reports for consumers and dealers using aggregated telematics and OEM data. It is the closest direct competitor to Lyteflo's Certified Battery Reports and operates in the same used-EV transparency category.
• Spiers New Technologies (Cox Automotive): Spiers specializes in EV battery diagnostics, repair, and remanufacturing and is now part of Cox Automotive's dealer solutions portfolio. Its battery health assessment capabilities directly overlap Lyteflo's diagnostics layer for dealerships.

Broad incumbents

• Geotab: Geotab is a global telematics leader with millions of connected vehicles and growing EV battery analytics features. It is a broader incumbent that could expand its dealer-channel battery reporting into Lyteflo's territory.
• Cox Automotive: Cox Automotive owns a broad dealer technology stack (VinSolutions, Dealertrack, Kelley Blue Book, Manheim auctions) and now Spiers. Its portfolio competes for the same dealership software wallet that Lyteflo targets.
• VinSolutions (Cox Automotive): VinSolutions is a leading dealer CRM and digital retailing platform used by thousands of US dealers. As a broad incumbent in dealer software, it competes with Lyteflo's merchandising and VDP enrichment modules.
• DealerSocket (Solera): DealerSocket, now part of Solera, provides a dealer management and CRM platform to thousands of dealerships. Its broad dealer-software footprint makes it an incumbent competitor for Lyteflo's subscription platform.
• AutoTrader / Trader Corporation: AutoTrader (and its Canadian parent Trader Corporation) is the dominant online vehicle marketplace in Canada and the US. It is a broad incumbent with EV listing data and could build native battery health disclosures, competing with Lyteflo's VDP enrichment play.

Emerging players

• Roadster: Roadster provides digital retailing and e-commerce tools for dealerships, including payment, trade-in, and online checkout flows. Its dealer SaaS model and target customer overlap with Lyteflo's dealership merchandising focus.
• Geotab EV Battery Monitoring: Geotab's EV-focused battery health monitoring features (MyGeotab EV) provide fleet operators with charge management and battery analytics, overlapping with Lyteflo's fleet segment use case for procurement and battery tracking.

Others

• KAR Global (IAA, ADESA): KAR Global operates auto auctions and remarketing platforms (IAA, ADESA) that handle a significant share of used EV inventory. It is an ecosystem participant that could partner or compete with Lyteflo on battery transparency at the wholesale level.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lyteflo