Car IQ Inc. Joins Rahal Letterman Lanigan Racing as the Official Autonomous Payment Platform of the Team; Partnership Includes Associate Sponsorship of Graham Rahal’s Entry for the 2024 NTT INDYCAR SERIES Season
14 Mayo 2024 - 8:30AM
Business Wire
Rahal Letterman Lanigan Racing (RLL) announced today that Car IQ
Inc., a leading innovator in vehicle payment solutions, will be the
“Official Autonomous Payment Platform” of the team and an associate
sponsor on the team’s No. 15 Honda-powered entry for Graham Rahal
during the 2024 NTT INDYCAR SERIES season.
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Graham Rahal's Indy Car #15, is now
outfitted with the Car IQ logo. (Photo: Business Wire)
San Francisco-based, Car IQ Inc., enables commercial fleet
vehicles to connect directly to merchants and banks and pay without
a credit card. The cutting-edge platform utilizes vehicle and
payment data to create a one-touch payment experience directly from
a driver’s phone.
“We’re thrilled Rahal Letterman Lanigan Racing has chosen Car IQ
as their official payment partner,” said Sterling Pratz, CEO and
Founder of Car IQ Inc. “Using Car IQ, RLL will now be able to
connect their race transporters to fuel stations across the country
as they travel from race to race. The team wanted to get rid of
their previous card program and move towards a more innovative
payment solution that eliminated plastic fuel cards and saved them
money.”
Eliminating the card was only half the problem. RLL also wanted
to take advantage of Car IQ’s payment technology to eliminate the
manual collection of receipts and invoices and instead capture all
of their vehicle transactions digitally. Additionally, Car IQ uses
vehicle data to measure the fuel tank before and after the
transaction ensures there is zero risk misuse at any point in the
payment process.
“Knowing how much fuel is in your vehicle is one of the most
important things a driver needs to know during a race,” said Graham
Rahal. “Car IQ Inc. has developed an integral technology that will
allow our team to take a similar approach in business operations.
As someone who has always been interested in how various businesses
and industries operate, it’s easy to see the value and importance
of technology like this. We are looking forward to working together
to grow both of our businesses.”
The 2024 NTT INDYCAR SERIES season resumes with the Sonsio Grand
Prix at the Indianapolis Motor Speedway road course, May 10-11.
North America’s premier open-wheel series will crisscross the
United States, including a stop for the 108th Indianapolis 500 on
Sunday, May 26, before culminating in Nashville for the
championship finale Sunday, Sept. 15. All on-track action can be
seen on NBC or NBC’s Peacock Premium streaming service or USA
Network. For more information about the series or team, visit
www.indycar.com and www.rahal.com.
About Car IQ Inc.
Founded in 2017, Car IQ Inc. is revolutionizing the way fleets
pay and reconcile payments by removing the credit card from the
payment process. Using unique vehicle ID and data to automatically
connect vehicles to merchants, Car IQ lets fleet drivers nationwide
pay for fuel, toll management, parking, EV charging and more
without the hassle of managing a fleet card program.
The revolutionary payment platform uses real-time vehicle data
to provide back office and administrative teams 360-degree,
100-percent accurate oversight of all payments, helping to
eliminate fraud, improve efficiency, and streamline the
reconciliation process. For more information, visit
www.cariqpay.com.
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Hilary Wolfe hwolfe@cariqpay.com