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Drive Power, LLC

Drive Power is building a smartphone based system to help people drive more safely and ultimately create the "FICO for Safe Drivers."

  • Stage Prototype Ready
  • Industry Mobile
  • Location Minneapolis, MN, USA
  • Currency USD
  • Founded October 2011
  • Website drvpwr.com

Company Summary

Drive Power is leveraging smartphone based technology to measure and score the driving behaviors relevant to the emerging usage based insurance (UBI) model for auto insurance. Building upon technology licensed from the University of Minnesota, Drive Power will release DriveScribe™ as its first product in April 2012, which will initially serve the current market need for monitoring and coaching safe driving, especially among teenagers.

Team

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    William England
    Founder and CEO

    Mr. England previously worked as a quantitative researcher and trader for the AHL division of London based Man Investments, one of the world’s largest hedge fund managers. In this role, he applied his academic background in mathematics to successfully improve and create new trading models for over 250 global futures markets across multiple asset classes.

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    Alec Gorjestani
    VP Technology

    Mr. Gorjestani has gained extensive experience in system design, software architecture, embedded computing, sensors, control design and implementation through his work with the Intelligent Vehicles (IV) Lab in the Mechanical Engineering Department at the University of Minnesota. In addition to his work with Drive Power, at the IV Lab he is currently leading the ongoing technical development of the Teen Driver Support System (TDSS).

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    David Kristal
    Board Member

    As CEO and Co-Chairman, Mr. Kristal leads invention and innovation efforts at Augeo Affinity Marketing, conceiving product and strategic solutions for its clients’ macro and strategic challenges. With over 20 years of experience developing and building businesses in the retail, marketing and sponsorship industries, he brings proven leadership, enthusiasm and a unique focus to the Augeo team.

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    Paul Perleberg
    Board Member

    Mr. Perleberg is president and COO of Enclarity, a Minneapolis based SaaS company, focused on medical provider records management. He has a background of more than 20 years in technology and healthcare including several senior executive positions with FICO (NYSE: FICO). There, he was vice president of the company’s worldwide alliances and partnerships as well as Managing Director of international operations.

Advisors

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    Doug Ramler, Gray Plant Mooty
    Lawyer
    Unconfirmed
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    Todd Lifson, Lurie Besikof Lapidus & Company
    Accountant
    Unconfirmed

Previous Investors

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    William England
    Unconfirmed
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    Augeo Affinity Marketing
    Unconfirmed
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    Office for Technology Commercialization at the University of Minnesota
    Unconfirmed