Scaling ‘connected car’ start-up signs US deal
A UK ‘connected car’ start-up has partnered with a leading US traffic information provider.
wejo provides information to a variety of end-users including insurers, local authorities and breakdown recovery services by tracking seven million connected cars.
The company’s technology is already processing more than one million data points every second.
The partnership will see Wejo, which has headquarters in Tattenhall, Cheshire, and a major tech hub in Manchester, support TrafficCast’s mobility services.
“This is further testament to the value our partners see in receiving real-time connected car data,” said CEO Richard Barlow.
“Our value-added insights will enhance and improve TrafficCast’s product offerings and ultimately contribute to reduced congestion on America’s roads, shortened journey times and provide car owners with a materially better driving experience.”
Founder Barlow told BusinessCloud recently that he is targeting global domination after US automotive giant General Motors took a 35 per cent stake in the business. The deal valued wejo at £213m.
It is working with a number of OEMs or car manufacturers around the world.
OEMs are original equipment manufacturers and they produce parts and equipment that may be marketed by another manufacturer.
TrafficCast CEO Al McGowan said: “We are happy to announce our partnership with wejo, and welcome the addition of their unique content to our industry-leading traffic information ecosystem.
“Wejo’s data exchange platform is a critical next step in the evolution of the connected vehicle, and TrafficCast clients and end users will benefit from the insights their data provides.”