# DriveSmart funding: rounds and investors

> DriveSmart has raised $2.0M across 1 round since 2024. Investors include Economic Development Administation and U.S. Department of Commerce.

Source: https://millionrounds.com/company/drivesmart (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *DriveSmart*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs

Funding summary Updated 26 Oct 2026

**$2.0M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $2.0M Mar 2024
- **Investors:** 2

See who backed them

## The rounds

- **Mar 2024** Grant **$2.0M** [Economic Development Administation](https://millionrounds.com/fund/economic-development-administation) [U.S. Department of Commerce](https://millionrounds.com/fund/u-s-department-of-commerce) Source recorded

## Everyone who backed them

[Economic Development Administation](https://millionrounds.com/fund/economic-development-administation) Investment firm **1** round

[U.S. Department of Commerce](https://millionrounds.com/fund/u-s-department-of-commerce) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=drivesmart).

## Quick answers about DriveSmart

### Who invested in DriveSmart?

DriveSmart's investors include Economic Development Administation and U.S. Department of Commerce.

### How much has DriveSmart raised?

DriveSmart has raised $2.0M across 1 round since 2024.

### When did DriveSmart last raise?

DriveSmart's most recent round was a Grant of $2.0M in Mar 2024.

### What was DriveSmart's biggest round?

Its most recent round, $2.0M in Mar 2024, is also its largest on record.

### Who backed DriveSmart first?

DriveSmart's first round on record, in Mar 2024, was backed by Economic Development Administation and U.S. Department of Commerce.

### What stage is DriveSmart at?

DriveSmart's latest named round is a Grant, in Mar 2024.

### Where is DriveSmart based?

DriveSmart is based in the United States.

## Companies like DriveSmart

In the same sector, and raised in the last eighteen months.

[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)[**American Metal** $1.7M · Oct 2026](https://millionrounds.com/company/american-metal)[**Waymo** $27B · Oct 2026](https://millionrounds.com/company/waymo)[**Flai** $32M · Oct 2026](https://millionrounds.com/company/flai)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Simple Energy** $199M · Sept 2026](https://millionrounds.com/company/simple-energy)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app