Mojio and Bosch Collaborate on Solutions for Connected Vehicles
【Summary】Both parties will combine their expertise to create solutions for connected vehicles, as well as improve the handling of real-time data for emergency service providers and insurance companies.
In November 2017, connected car startup Mojio completed a Series B funding round. Bosch, a leading automotive supplier, participated in the event. Today, the two groups are working closely together on various programs designed to develop new technology for cars.
The collaboration between the companies are sealed via a signed innovation agreement. Both parties will combine their expertise to create solutions for connected vehicles, as well as improve the handling of real-time data for emergency service providers and insurance companies. Leveraging information from gadgets powered by Mojio, calculations for insurance claims can be streamlined with greater accuracy.
Connected Car Partnership
According to Moijo, the partnership will initially focus on developing vehicle communication and diagnostics. Furthermore, new research programs will look into solutions involving crash detection and notification of collisions.
"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," explained Mike Mansuetti, president of Bosch in North America, in a news release.
Bosch is expected to tap into data from Mojio's cloud-based platform and analytics services. At the moment, the startup manages a network of more than 500,000 cars that have driven a total of seven billion miles. Most of its customers are subscribers tied with local network operators.
Currently, Moijo's platform is being utilized to power a car gadget offered by Canadian-carrier Rogers, which provides vehicle diagnostics and turns cars into Wi-Fi hotspots.
With presence in Vancouver, Palo Alto and Sofia, Mojio has a reliable track record in the connected vehicle sector. In addition to Bosch, the startup has attracted several tech and telecommunication giants, including T-Mobile, Steve Case (AOL founder) and TELUS.
During the startup's Series B round, which raised $30 million, the event was led by Kensington Capital. Moijo was the first company to receive financing from the venture capital firm's $100 million BC Tech Fund.
In 2016, the startup raised $15 million in a Series A round. Notable participants include Amazon (Alexa Fund) and Deutsche Telekom. After the event, the two groups served as operator partners for the company. This collaboration helped Mojio expand its services to new locations.
For Amazon, the startup worked with the establishment to develop voice-recognition skills for Alexa. The skills are designed to facilitate commands between the user and the connected vehicle. Most of the commands pertain to pulling up real-time information about the car's status, such as fuel consumption rates.
"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.
Last month, Mojio welcomed Dr. Alan Messer to the company to lead new automotive programs. Dr. Messer was previously CTO of the Global Connected Consumer Experience unit and VP of Software and Innovation at General Motors. He will help spearhead the development of the startup's Made for Mojio hardware certification program.
Michael Cheng is a legal editor and technical writer with publications for Blackberry ISHN Magazine Houzz and Payment Week. He specializes in technology business and digesting hard data. Outside of work Michael likes to train for marathons spend time with his daughter and explore new places.
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