Wejo Joins MONET Consortium to More Worldwide Mobility Innovation

MANCHESTER, England–(Company WIRE)–Wejo, a worldwide leader in Clever Mobility for Good™ and cloud and software program options for related, electric, and autonomous motor vehicles, now declared it has joined the MONET Consortium, an group actively promoting collaboration and innovation for mobility companies in Japan. As aspect of the MONET Consortium, Wejo will have the opportunity to function with providers picked from the hundreds of assorted and business-primary associates to travel forward mobility innovation and the mobility-as-a-company (MaaS) sector, which could be truly worth $61 billion in 2030, in accordance to Yano Investigate Institute.

Bringing its groundbreaking methods to the desk, Wejo will supply new perspectives and thoughts to the collective discussion although extending its impact in Japan which has the 3rd major financial state in the planet and a superior stage of urbanization, earning it obviously incentivized to establish smart mobility improvements. Japan, in accordance to Statista’s “Automobile Sector in Japan” report, also makes 8.1 million cars for every calendar year, which aligns with Wejo’s goal to make a much more globalized impact with its connected automobile data and Intelligent Mobility for Good™ engineering.

“With the anticipated progress of MaaS offerings in Japan, we see the opportunity for a practically a few-billion-dollar addressable market place by 2030 for Wejo Sensible Mobility for Fantastic products and products and services,” explained Richard Barlow, founder and CEO at Wejo. “We’re honored to be a component of the MONET Consortium and be component of the conversations that will enable accelerate mobility innovation in Japan.”

Founded in March 2019 by MONET Technologies, Inc., a jointly sponsored undertaking concerning SoftBank Corp., Toyota Motor Company and other mobility-concentrated businesses, it contains companies from a vast array of industries this sort of as design, finance, schooling, and authentic estate. With this assortment of member corporations, the MONET Consortium takes benefit of a range of imagined that can boost and greater provide the mobility technology used by governments and firms nowadays, as nicely as people staying formulated for the governments and organizations of the foreseeable future. By means of MaaS enterprise advancement in anticipation of autonomous alternatives, the MONET Consortium aims to drive up coming-technology mobility expert services, address social concerns in mobility, and produce mobility values.

Wejo’s position in the MONET Consortium will be to offer you specialist enter for the betterment of the mobility ecosystem. In return for its contributions, Wejo hopes to draw valuable insights from fellow member providers to craft a additional holistic suite of knowledge analytics products and solutions so that they can improved handle the demands of potential prospects.

To learn more about the MONET Consortium, visit https://consortium.monet-systems.com/.

About Wejo

Wejo Team Constrained is a world chief in cloud and software program analytics for related, electric powered, and autonomous vehicles, revolutionizing the way we are living, do the job and travel by transforming and interpreting historic and true-time motor vehicle information. Wejo permits Intelligent Mobility for Very goodTM smarter mobility by arranging trillions of facts points gathered from approximately 13 million autos and 76.7 billion journeys to date, throughout multiple brand names, would make and models, and then standardizing and enhancing those people streams of knowledge on a large scale. Wejo companions with ethical, like-minded corporations and businesses to convert that details into insights that unlock benefit for individuals. With the most extensive and trustworthy information, information and facts and intelligence, Wejo is generating a smarter, safer, additional sustainable entire world for all. Started in 2014, Wejo employs extra than 300 folks and has places of work in Manchester, British isles and in regions wherever Wejo does small business all over the world. For much more information, take a look at: www.wejo.com or join with us on LinkedIn, Twitter, and Instagram.

Forward-Hunting Statements

This interaction consists of “forward-searching statements” within the which means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. For extra data, make sure you follow this website link:

https://www.wejo.com/ahead-searching-statements

Nicole Lewis

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