Canadian connected vehicle startup Mojio has managed to secure a total of $30 million in Series B funding round led by Kensington Capital.
Mojio, whose connected-vehicle solution helps transform any car into a connected one, plans to utilise the funding to speed up the automotive solution and expand globally. The Mojio device supported by seven wireless carriers operates in five nations at present.
According to company CEO Kenny Hawk, thus far Mojio has transformed 500,000 vehicles into connected vehicles globally.
“But they are willing to spend $10 to $15 per month to access actionable, real-world data that empowers smarter decision making around family safety, driving behaviour, vehicle maintenance, and that offers a hassle-free Wi-Fi hotspot that doesn’t drain your smartphone.”
You can find out more about Mojio here.
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