Connected car cloud platform company Mojio raised an additional Series B funding.
Backers included Iris Capital and Telus Ventures, which added to the company’s roster of strategic backers.
The company, which had announced a CAD$30M Series B raise in late 2017, intends to use the funds to drive global deployment of connected car services via mobile network operators and automotive manufacturers.
Led by CEO Kenny Hawk, Mojio provides connected car solutions for mobile network operators and automotive manufacturers on both sides of the Atlantic. After partnering with a mobile network operator, the company delivers connected car features to subscribers through the combination of a plug and play device and a mobile app and built-in services.
Mojio has connected over 500,000 vehicles via its portfolio of mobile network operator customers, including Deutsche Telekom, T-Mobile US Inc., and TELUS.
Common use cases include:
– Getting notified about engine issues to make informed decisions on service and repairs
– Monitoring vehicle location and status to help with ride coordination and family safety
– Locating a stolen vehicle to inform the authorities and have it recovered
– Receiving critical recall notices to ensure remedial action is taken to ensure safety
– Logging business trips to maximize mileage expensing and tax returns
– Using on-demand roadside assistance to get help fast.
In addition to delivering frontline services for consumers through their mobile networks, Mojio has already collected over 6 billion miles of driving data. It uses machine learning to generate insights that will shape the future of mobility, making the driving experience smarter, safer and less expensive.
Founded in 2012, the company has offices in Vancouver, Palo Alto and Sofia.