Vancouver-based Mojio, a SaaS provider for connected cars, is partnering with German multinational Bosch to co-develop a suite of connected car services.
As part of its Series B funding round, Mojio has also received an undisclosed strategic investment from Bosch. The company announced that it had raised $30 million as part of its Series B in November 2017, securing investments from the Amazon Alexa Fund, Kensington Capital, and Deutsche Telekom.
The partnership will allow Mojio and Bosch to co-develop solutions in areas such as vehicle communication and diagnostics, as well as crash detection and notification. The goal is to get more vehicles connected wireless to a range of digital services.
“The Mojio platform combined with Bosch’s immense automotive expertise will empower us to accelerate the development and deployment of advanced connected car services.”
“The Mojio platform combined with Bosch’s immense automotive expertise will empower us to accelerate the development and deployment of advanced connected car services to automakers, mobile network operators, and consumers around the world,” said Kenny Hawk, CEO of Mojio.
Mojio’s software allows cars to become connected cars with analytics that are delivered to a user’s smartphone. The company has developed a range of connected car solutions including a hardware agnostic cloud platform, mobile apps, and analytics services.
Mojio raised a $15 million Series A in December 2016 and a $30 million Series B in November 2017, securing investments from the Amazon Alexa Fund, Kensington Capital, and Deutsche Telekom. Last year, the company also began powering Rogers’ first connected car solution, which allows customers to track their car’s location and set alerts to monitor speed.
“The extensive data we’ve derived from our portfolio of diagnostic solutions has given us invaluable insights that can be the basis for solutions that bring great value to consumers and OEMs,” said Mike Mansuetti, president of Bosch in North America.
