General Motors’ own internal venture capital arm, GM Ventures, has invested in a company called UVeye that produces advanced vehicle diagnostics machines capable of scanning a vehicle for problems or defects.
UVeye says its systems “use artificial intelligence, machine-learning and high-definition camera technologies to quickly and accurately check tires, underbody components and vehicle exteriors for defects, missing parts and other safety-related issues.” The company’s proprietary vehicle scanning devices allow technicians to drive the vehicle through a scanner, which can automatically detect problems like dents, frame damage, brake problems, exhaust issues, fluid leaks, low tire pressures and more. The company’s scanners can be used to inspect a vehicle’s exterior, underbody and underhood.
UVeye says the GM Ventures capital will be used to help fund the “development and commercialization of the company’s vehicle inspection technology.” The company has also entered into a commercial agreement with GM to explore the expansion of its automated high-speed scanner systems to GM dealerships throughout various markets, allowing GM dealer technicians to benefit from this technology.
Thanks to this new partnership, more than 4,000 GM dealerships worldwide will be eligible to purchase the vehicle-inspection equipment to use in their service lanes. GM says its team will also explore applications for extending the technology to exterior scans and photography to generate online interest and potential sales for used vehicles.
UVeye scanners are already being implemented in a limited number of GM dealerships in North America.