3 years ago

Wejo Secures $15.9 Million PIPE Investment to Expand Smart Mobility Solutions

  • Wejo, a UK-based company specializing in smart mobility solutions for connected, electric and autonomous vehicles, raised $15.9 million in a private investment in public equity (PIPE) investment

  • The investment came from Sompo Light Vortex, Inc., a subsidiary of Sompo Holdings, existing investors, and members of Wejo's board of directors

  • The funds will be used to reduce debt, extend Wejo's capital runway, and continue product expansion in the marketplace and automotive SaaS industries.

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