Wejo Spac 330, 800 m: Wejo is a predictive analytics organization that makes a specialty of collecting, analyzing, and decoding real-time car statistics. They function out of the globe’s biggest site visitor community and feature the world’s biggest related car telematics database.
Wejo has been privately held since 2006, but plans to go public through an SPAC merger with Criora Health, allowing it to be renamed Wejo Inc. and trade under the ticker WJHO.The merger is anticipated to close in Q3.
Wejo, which collects and analyzes real-time vehicle data, is going public via a SPAC merger to raise $330M, which will value Wejo at $800M including debt (Wejo Spac 330m 800m)
The SPAC is a new type of hybrid private/public organization that is gaining popularity in positive industries such as healthcare, IT, and cloud-based, completely secure services.
Wejo’s real-time software program allows clients to screen riding styles and conduct transactions through an on-board telematics tool, or log into their account online to check the statistics. The organization has been offering those answers for more than a decade to clients, dealers, and car producers within the U.S. and Europe.
The statistics that Wejo gathers from its community of related automobiles are available to a huge variety of businesses, including car insurers, dealerships, finance companies, and car OEMs. The organization additionally collects statistics from non-automobile sectors, inclusive of shipping fleets and back-and-forth buses, amongst others.
Wejo has its operational headquarters in the United States and is listed on the OTC Markets under the ticker WJHO.The organization additionally continues a research, development, and engineering center in Palo Alto, California. Wejo’s running headquarters are positioned on the campus of Lehigh University in Bethlehem, Pennsylvania.
Wejo operates its biggest related car telematics database, which includes more than 8 billion related miles of riding statistics collected from over 3 million automobiles. The organization presently analyzes statistics from over seven hundred thousand automobiles within the U.S., fifteen thousand fleets outside the U.S., and twelve thousand transit buses across the world.
The organization presently operates five generations of platforms. Wejo’s Real-Time platform is an internet and cell portal that permits customers to analyze, visualize, and percentage ride styles and behaviors. The organization’s fleet control platform consists of functions inclusive of fleet routing optimization and real-time fleet analytics. The Mobilize platform provides a unified consumer interface for tool control structures and related automobiles.
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