Jay Vijayan, born in Chennai, has come a long way from serving as Chief Information Officer ( CIO) at Tesla , Inc., an American electric car firm, to becoming Chief Executive Officer of his own tech start-up, Tekion.
As part of its Series C funding led by private equity firm Advent International Round, Tekion, a cloud technology company based on the automotive industry, raised $150 million at a valuation of over $1 billion, becoming a unicorn in less than four years.
Vijayan, who reported directly to Tesla Chairman and CEO Elon Musk during his four-year tenure there, was responsible for developing all digital and information technology systems.
Vijayan developed technology platforms and solutions before Tesla to help businesses scale while operating in tech companies such as Oracle and VMware in the US.
Vijayan, based in California, observed during his Tesla stint that the automotive ecosystem was fragmented and decided to create a business that would connect all of the auto retail industry’s stakeholders.
With an all-Indian core member team, he proceeded to launch Tekion in 2016 to provide end-to – end dealer management system with its Automotive Retail Cloud (ARC) platform that provides seamless communication between car makers, dealers and car buyers.
Consumers now enjoy excellent personalized shopping experiences from businesses such as Amazon, Apple, Google, and Disney. In their vehicle procurement and service needs, why shouldn’t they expect the same? We believe that Tekion will be the trailblazer to allow the entire customer journey to be modernized and provide the best experiences and operational efficiencies, period. It’s also time for the automotive retail industry to gamble,’ said Jay Vijayan, CEO of Tekion.