Wejo Spac 330m 800m: Wejo is a predictive analytics corporation that focuses on amassing, analyzing, and interpreting real-time car information. They perform out of the globe’s biggest visitors network and feature built the arena’s biggest related automobile telematics database.
The company has been privately held in view that 2006. Wejo plans to enter public markets through a SPAC merger with Criora Health, with the purpose to be renamed Wejo Inc with a publicly traded ticker image of WJHO. The merger is anticipated to close in Q3.
wejo spac 330m wejo
The SPAC is a new shape of hybrid non-public/public organization that has been gaining a reputation in sure industries which include healthcare, IT, and cloud-primarily based protection offerings.
Wejo’s real-time software program permits purchasers to display riding styles and conduct through an onboard telematics tool or log into their account online to check the information. The company has been presenting these answers for more than a decade to purchasers, sellers, and auto producers within the U.S. And Europe.
The records that Wejo gathers from its community of linked vehicles is to be had to an extensive variety of corporations, such as vehicle insurers, dealerships, finance organizations, and car OEMs. The enterprise also collects data from non-automobile sectors together with delivery fleets and shuttle buses among others.
Wejo has Operational Headquarters
Wejo has operational headquarters in the U.S. and is indexed at the OTC Markets underneath the ticker image WJHO. The corporation also maintains studies, improvement, and engineering center in Palo Alto, California. Wejo’s operating headquarters are positioned on the campus of Lehigh University in Bethlehem, Pennsylvania.
Wejo operates its biggest linked
car telematics database, which includes extra than 8 billion linked miles of driving facts accumulated from over 3 million automobiles. The company presently analyzes statistics from over 700 thousand automobiles inside the U.S., fifteen thousand fleets out of doors in the U.S., and twelve thousand transit buses around the world.
The employer presently operates 5 generation structures. Wejo’s Real-Time platform is a web and cell portal that lets customers analyze, visualize, and proportion riding patterns and behaviors. The organization’s fleet management platform consists of features such as fleet routing optimization and real-time fleet analytics. The Mobilize platform offers a unified person interface for device management structures and related vehicles.