Vehya, an easy-to-use mobile app dedicated to automating the installation, repair, and routine maintenance processes for home and small business services, has successfully raised a sum worth $2.1 million in what was a seed funding round. According to certain reports, the round was led by Community Reinvestment Fund, USA (CRF), with several other investors also chipping in. As for how Vehya plans on using the newly-raised funds, the answer would include its bid to enhance the platform’s AI capabilities, expand its service offerings, and accelerate growth in key markets like California, Texas, Florida, Maryland, and Michigan. Talk about the company’s technological setup for a second, it basically transforms the way maintenance services are delivered to homes and small businesses in several aspects. Departing from your traditional ideologies, Vehya leverages AI to reimagine the entire lifecycle of service management, right from initial request to job completion. By doing so, it effectively addresses all common pain points of scheduling conflicts, inconsistent service quality, and lack of transparency. More on Vehya’s AI-driven setup would reveal how it comes decked up with an ability to match consumers with the best-suited contractors based on the specific needs and nature of each job. Not just that, regardless of whether you are installing or repairing heat pumps or water heaters, setting up EV chargers, integrating solar panels, or managing battery storage systems, Vehya is able to consistently provide real-time updates, predictive maintenance reminders, and a secure payment system, ensuring a hassle-free experience for all parties involved.
“Vehya’s strong track record and commitment to innovation made them a great fit for CRF’s small business lending program,” said Alexis Dishman, Chief Small Business Lending Officer at Community Reinvestment Fund, USA (CRF). “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.”
Among other things, we have within Vehya’s suite of technology a mobile app for consumers, a dashboard for partners, and a comprehensive vetting process for contractors so to achieve proper insurance, identification, and deployment of qualified professionals. Furthermore, there is a combination of AI, user reviews, and ratings that helps users to maintain a high level of service excellence.
“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,” said 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.”
Coming back to the company’s expansion plans, they include targeting key regions where demand for automated service solutions in electrification and renewable energy systems is growing rapidly. To expand upon that a little bit, Vehya here will specifically focus on onboarding thousands of skilled contractors and offering a diverse range of services, including plumbing, HVAC, electrical work, and even drywall repairs.
“We are thrilled to have the support of investors who share our vision of revolutionizing the service industry,” said McCoy. “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.”
