Mojio: Funding the transition from ‘dumb’ to smart and connected cars

We have successfully invested in Mojio, the leading technology platform and SaaS provider for connected cars, as one of the partners in Mojio’s oversubscribed Series B funding.

Mojio is a pure software company, creating an open platform for connected cars, turning almost any car into a smart platform for applications, services and connectivity. To connect “dumb” cars, Mojio uses the On-Board Diagnostics (OBD) port to connect to the car’s computer system and drivers’ smartphones’.

Next to innogy Ventures, Kensington Capital, Iris Capital, Telus Ventures, Trend Forward Capital and many of the existing shareholders invested with us in this Series B round that will help Mojio to further develop its business and fulfil its ambition to be a leading player in an industry that has huge growth potential. In addition to financial investors, a number of strategic investors including Assurant, Bosch, and T-Mobile also participated in the funding round. More than 470 million connected vehicles are expected to be on our roads by 2025, and the massive potential of monetizing the data generated by those vehicles will result in a $750B+ USD industry by 2030.

The Mojito platform enables:

In-car Wi-Fi on a separate connection, for passenger connectivity, streaming and vehicle   tracking
Real-time car diagnostics including driver alerts, recalls and maintenance schedules
Security enhancement through monitoring while parked, roadside assistance and theft notifications
3rd party apps for navigating traffic and parking, mileage expense management, fleet tracking etc.
“Besides being a very attractive VC investment, Mojio’s game-changing technology has the potential to become an essential part of innogy’s ambition to redefine energy markets of the future. The company’s open platform approach and mobility data from more than 850,000 connected cars in the US, Canada, Germany and other countries opens up interesting opportunities for enhancing smart charging, and supporting the roll-out of charging stations.”
Felix Krause, Investment Partner at innogy Ventures and board observer of Mojio

About Mojio

Scalable, secure and hardware-agnostic, Mojio is the cloud platform and SaaS provider of choice for automakers and mobile network operators looking to build profitable connected car services. Mojio’s platform solutions and mobile apps deliver a smarter, safer and more convenient car ownership experience for the global driving community. With real-world data gathered from more than 7 billion miles of driving, Mojio provides a big data analytics framework that uses machine learning to generate actionable insights, unlocking the next generation of revenue streams for companies throughout the automotive value chain.

Founded in 2012, Mojio has growing teams in Silicon Valley and Vancouver, and has some of the world’s biggest brands as customers, investors and partners, including Amazon, Assurant, Bosch, Deutsche Telekom, Microsoft, SAP and T-Mobile. Mojio is a career-accelerator for driven tech professionals looking to shape the future of mobility. To learn more about joining our team please visit Mojio’s careers page.

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