HIGH MOBILITY raises multi-million euro financial round from industry heavyweights DAT

HIGH MOBILITY announced:

We’re excited to share the news with you today that we’ve secured a multi-million euro financial investment to further our work transforming the mobility space.

The funding round was led by Deutsche Automobil Treuhand (DAT) with additional funding from our current group of investors – headed by Fabian von Kuenheim and the Berlin-based venture capital firm IBB Beteiligungsgesellschaft. By facilitating world class connected car services and applications we hope to continue to rise through the ranks to become the leading API provider and marketplace in the field of car data.

What this news means for you is a continuation of the high quality service you would expect from us, the latest tools and technology to work with, and the most up-to-date APIs from leading carmakers to enable your mobility-enhancing service or application.

“The new investment from such an established player in the automotive industry allows us to play on our strengths in building on the developer ecosystem that will power the mobility and transportation industry well into the next decade.”- Risto Vahtra, CEO, HIGH MOBILITY

This funding boost reaffirms not only the investors’ continued trust in our work, but also their belief in the founders’ mission to build the leading car data platform, a platform that enables businesses to launch and scale vehicle services using a single connected car API. HIGH MOBILITY already supports the vehicles of BMW, MINI and Mercedes-Benz with more manufacturers to be revealed later this year.

“By acquiring shares in HIGH MOBILITY, we have secured access to a well-established development service that we would otherwise have had to provide ourselves anyway. After all, it goes without saying that we expect to play a leading role when it comes to distributing telematics data. Going forward, we will use the time we have gained to create added value from the vehicle data provided for all those involved based on the technical framework established by HIGH MOBILITY.”- Dr. Thilo Wagner, Director of Products, DAT

The DAT philosophy is that of neutrality, reliability and innovation, which is corroborated by the Group’s founding partners the VDA (Association of the German Automotive Industry), the VDIK (Association of the International Motor Vehicle Manufacturers) and the ZDK (German Federation for Motor Trades and Repairs). The investment announced today will further expand our portfolio of supported car brands while opening up ever more data sources to third party services working in the mobility space. The combined expertise, experience, strategic interests and networks of both DAT and HIGH MOBILITY ensure that we can continue to build on our success as a pioneer, innovator and leader in the space to become the platform that is able to offer the broadest range of car manufacturers, models, tools and resources to third party mobility services.

SOURCE: https://about.high-mobility.com/

Image © High Mobility

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