Mojio, the developer of the OBD device, recently announced that it has collected 5 billion miles (about 8 billion kilometers) of driving data and received an investment of 30 million Canadian dollars (about 23 million US dollars), both of which are Canada. The company's Kensington Capital leads.
Mojio's installation has been connected to 500,000 vehicles. From the Audi A4 in 1996 to the Volvo V60 in 2018, the Mojio device can be connected. The Mojio device can read the engine, mileage, fuel consumption and geography of the car. Location information, receiving call notifications, transmitting road rescue requests, etc.
Free Wi-Fi hotspots are also available. Mojio's equipment and services are provided by T-Mobile in Austria, the Czech Republic and the United States, and by Deutsche Telekom in Germany. After the device passes the data to the cloud, it can also use machine learning to analyze the data, further generating a lower cost and safer driving strategy.
Despite the investor base, Mojio chose to be the main lead for Kensington Capital to deepen its roots in Canada. The round of financing also attracted new investments from Trend Forward Capital and Innogy Ventures, and Mojio's original investors were once again involved, including Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures.
Consumers have become more and more demanding on car-connected networks. Although there have been some times when built-in connected cars have appeared, there are still more than one billion cars that cannot be connected to the Internet. Mojio CEO Kenny Hawk said that drivers of non-networked cars could not waste time waiting for a change, not to mention self-driving cars that are still in development, but they are willing to spend $10 to $15 a month to monitor driving data in real time to ensure Safer driving is achieved by vehicle maintenance cycles, etc.
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