Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. Their portfolio includes pinterest, shopify, twilio, yelp, linkedin, pagerduty, docusign, wix, fiverr, and toast, and has $19 billion of assets under management.

Bessemer Venture Partners

StageOne leads investments in exceptional Israel-related entrepreneurs. We focus on early-stage, transformative, deep tech start-ups solving complex enterprise challenges. Committed to abiding by our 3 pillars; superb teams, market disruptions with opportunities to grow, and cutting-edge technology with high impact probability, we lead the seed round and continue backing successful portfolio companies in follow-on rounds with top tier co-investors around the globe. The firm's investment team, management and advisors’ strong global network, support its portfolio by uniquely integrating an entrepreneurial mindset with strong investor performance. It was founded in 2001 and is based in Herzliya, Tel Aviv, Israel.

StageOne Ventures

LocalGlobe is a UK-based venture capital firm that focuses on seed and impact investments. Seeding ambitious UK founders since 1999 inc Citymapper, Improbable, Lovefilm, Moo, Tweetdeck, Transferwise, and Zoopla.

LocalGlobe

Cerca Partners is a leading co-investment VC fund with a sustainable advantage of unique insights and access to the best startup investment opportunities in Israel. Powered by a community and network of global tech entrepreneurs and top-tier Venture Capital funds, the fund provides both the expertise and the finesse required in an innovative and fast paced international market. Cerca's strong network and community comprises Israel’s most successful tech entrepreneurs as well as tech and business executives in a variety of verticals. Their accumulated experience helps us make smart investment decisions and provides our entrepreneurs with invaluable guidance and mentorship.

Cerca Partners

Maniv Mobility is helping to expedite the new age of advanced transportation technology, including safety, business model innovation, and vehicle autonomy (''driverless cars''). They believe that in the 21st century, the public should not have to endure the daily tragedy of automotive fatalities, the frustration and productivity loss of traffic congestion, and the polluted air and public space that slow-moving and parked cars bring to their urban centers. In the last 20 years technology has made information and communication ubiquitous and close to free. In the next 20 it will do the same for mobility. They work with start-up companies, entrepreneurs, financiers and others to overcome the hurdles that will herald a grand new age.

Maniv Mobility

Aptiv is a global technology company that develops safer, greener, and more connected solutions, which enable the future of mobility. The company believes that the power of new mobility can change the world. Which is why Aptiv is delivering the software capabilities, advanced computing platforms, and networking architecture that makes mobility work. The company aims to become the mobility's leading software and systems technologies integrator. And today, it continues positioning itself as uniquely capable of bringing together everything that the future of mobility requires. Aptiv is headquartered in Gillingham, England and operates 14 technical centers, as well as manufacturing sites and customer support centers, in 45 countries,the company said in a news release.

Aptiv

Hearst Ventures makes strategic investments in companies operating at the intersection of media, information, and technology.

Hearst Ventures

Vintage is a global venture firm that invests in venture funds and startups via primary and secondary transactions. Through its secondary strategy, the firm acquires limited partnership interests in Israeli, European, and select U.S. venture capital funds as well as holdings in technology startups. It also invests directly into growth-stage startups across all 3 geographies, alongside partner VC funds.

Vintage Investment Partners

Dell Technologies Capital is the investment arm for Dell Technologies.  We’ve invested in over 100 companies that push the envelope on digital technology for enterprises and consumers.  We are a team of world-class investors who help our companies succeed.  We focus on early-stage investments with passionate founders. Our companies gain unique access to the go-to-market capabilities of Dell Technologies. For more information visit www.delltechcapital.com

Dell Technologies Capital

NTT DOCOMO Ventures is the venture capital arm of NTT DOCOMO, Inc. specializing in investments in incubation, early stage, middle stage, and later/pre-IPO stage companies. It prefers to invest in the field of information technology, telecommunications, content platform services, battery power, authentication security, BigData, a solution with devices, cloud, and communication platforms. The firm invests in and outside of Japan. It seeks to invest up to about USD $2 million to USD $3 million per investment. It prefers to seek minority stakes of around 20% or less per portfolio. The firm seeks to exit its investments through sales of stocks or transfer of shares to DOCOMO and NTT Group companies. It also runs an accelerator program called DOCOMO Incubation Program. Docomo Innovation Ventures, previously known as NTT Investment Partners Inc., was established on February 20, 2008, and is based in Minato, Chiba, Japan.

NTT DOCOMO Ventures

SK Global Business Development(GBD), a global investment arm in SK holdings, has a mission to support and invest in promising entrepreneurs who aspire to make a difference in the startup field. GBD has been mainly focusing on the super-early stage investment where huge growth potential resides and where the teams' contribution to the startup could be leveraged to the highest extent. We've been building a wide range of networks from incubators/startup institute to other VC firms under the name of ''Hicosystem'', which can share our vision and present deep impact on the global startup ecosystem. GBD has been especially interested in sectors that possess exponential growth prospect. GBD actively builds partnership with leading entrepreneurs who disrupt the industry and therefore create a new value to the startup community in a more sustainable way than so far.

SK Holdings

Avis Budget Group, Inc. (Avis Budget) operates two brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier positioned to serve the commercial and leisure segments of the travel industry and Budget is a rental car supplier focused primarily on more value-conscious segments of the industry. It operates in three segments: North America, consisting of its Avis and Budget car rental operations in the United States and its Avis and Budget vehicle rental operations in Canada; International, consisting of its Avis and Budget vehicle rental operations in Europe, the Middle East, Asia, Africa, South America, central America, the Caribbean, Australia and New Zealand, and Truck Rental, consisting of its Budget truck rental operations in the United States. On October 3, 2011, the Company acquired Avis Europe plc. In July 2013, Avis Budget Group Inc acquired Payless Car Rental. `

Avis Budget Group

Alliance Ventures is a strategic venture capital fund of Renault-Nissan-Mitsubishi, the world’s largest automotive alliance. The fund, launched in 2018 and co-located in Amsterdam, Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv, plans to invest up to $1 billion in its first five years to support open innovation. Alliance Ventures targets technology and business model innovation in new mobility, autonomous driving, connected services, EV & energy, and enterprise 2.0. By drawing on expertise and business opportunities from across the world’s largest automotive alliance, the fund makes strategic investments at all start-up stages and incubates new automotive entrepreneurs at the cutting edge of next-generation systems for the automotive industry. Alliance Ventures is aligned with the objectives of “Alliance 2022”, Renault-Nissan-Mitsubishi’s midterm plan which aims to strengthen cooperation and double the annualized synergies generated by Renault, Nissan, and Mitsubishi Motors to more than €10 billion.

Alliance Ventures

Otonomo

Otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers. Our platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience. Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, traffic management, and smart city solutions.

<div>Otonomo (a wholly-owned subsidiary of Urgently, a provider of digital roadside and mobility assistance technology and services) is an Israeli startup offering a vehicle data platform to ingest, secure, cleanse, normalize, aggregate, and enrich car data from vehicles. Ottonomo&rsquo;s platform can be used for applications such as emergency services, mapping, traffic management, electric vehicle (EV) management, subscription-based services, micro-mobility, parking, predictive maintenance, insurance, media, in-vehicle services, and smart city solutions. The company has operations in the US, Canada, Europe, and Asia. As of February 2024, the company has sourced data from more than 50 million vehicles (with 18 million active vehicles) and tracked 330 billion miles while ingesting an average of 3.4 billion data points a day.&nbsp;</div>

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

Urgently Announces Anticipated Closing of Merger With Otonomo Technologies

Microsoft

Under this agreement Otonomo will provide streaming connected vehicle data to Microsoft Maps.

Companies offering vehicle data capturing, analyzing, tracking, and mapping solutions

Renault Group

To expand data access, Otonomo collaborates with Renault Group, enabling direct vehicle data access.

Otonomo strengthened its partnership with the multinational software company SAP by integrating its “Otonomo Smart Mobility Data Platform” with “SAP Digital Vehicle Hub.” This will enable businesses to generate insights for fleet management and maintenance based on connected vehicle data and identify mobility business models and revenue streams.

Audi AG

Audi will provide Otonomo with data points from Audi connected cars, ranging from odometer readings to crash information, including impact location and severity.

<div>
 
 Otonomo (a wholly-owned subsidiary of Urgently, a provider of digital roadside and mobility assistance technology and services) is an Israeli startup offering a vehicle data platform to ingest, secure, cleanse, normalize, aggregate, and enrich car data from vehicles. Ottonomo&rsquo;s platform can be used for applications such as emergency services, mapping, traffic management, electric vehicle (EV) management, subscription-based services, micro-mobility, parking, predictive maintenance, insurance, media, in-vehicle services, and smart city solutions. The company has operations in the US, Canada, Europe, and Asia. As of February 2024, the company has sourced data from more than 50 million vehicles (with 18 million active vehicles) and tracked 330 billion miles while ingesting an average of 3.4 billion data points a day.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 As of December 2022, Otonomo had a total of 24 contracts with OEMs including BMW, Benz, Audi, Stellantis, 
 <a href="https://sp-edge.com/updates/15208">
 Renault,
 </a>
 Nissan, and Mitsubishi. The company also has partnerships with SAP
 <a href="https://sp-edge.com/updates/13842">
 (October 2022)
 </a>
 and smart mobility services provider Iteris (January 2023) to integrate its data platform with the partnering companies' platforms. It also acquired The Floow, a connected insurance solutions provider for carriers for USD 69 million (February 2022), and Neura, an advanced analytics solutions provider, for USD 50 million (October 2021) to complement its business.&nbsp;
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/16415">
 For the year ended December 2022,
 </a>
 Otonomo generated revenue of USD 7.0 million (a 4.1x increase YoY). Its non-GAAP operating loss stood at USD 55.4 million in 2022 (vs. USD 31.9 million in 2021). The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (February 2021). In 
 <a href="https://sp-edge.com/updates/23469">
 October 2023,
 </a>
 Urgently merged with Otonomo, following which Otonomo became a wholly-owned subsidiary of Urgently and took Urgently public.&nbsp;
 
 
 
</div>

<div>
 
 Aeva develops next-generation sensing and perception systems including 4D LiDAR-on-chip for autonomous vehicles and robotics. Its LiDAR sensors dubbed &ldquo;Aeries II&rdquo; are equipped with unique frequency modulated continuous wave (FMCW) 4D technology for high sensing capabilities and use a continuous laser. It can sense objects 500 meters away over a field of view (FoV) of 120 x 30 degrees. Aries II is powered by the company&rsquo;s proprietary 4D Perception software. Aeries II is reportedly the world&rsquo;s first LiDAR-on-chip silicon photonics design.&nbsp;
 
 
 
 
 The company launched Aeva Atlas, an automotive-grade 4D LiDAR sensor, 
 <a href="https://sp-edge.com/updates/25293">
 in January 2024.
 </a>
 It can sense objects 500 meters away over a field of FoV of 120 x 30 degrees. The company claims that Atlas is the first automotive-grade 4D LiDAR sensor for mass production in automotive applications. Atlas is powered by Aeva&rsquo;s proprietary Digital Signal Processing Software. The company claims the unit is 70% smaller and 4x more energy-efficient than the company&rsquo;s previous lidar solutions.
 
 
 
 
 Aeva sources product components from third-party vendors and assembles the final product in its assembly facility in San Francisco, California. However, since September 2021, the company has gradually shifted to a manufacturing model that solely relies on local and foreign third-party suppliers for both manufacturing and assembly. The company began shipping its LiDAR systems to strategic customers in mid-2022 and reported shipping 40+ units to customers by 
 <a href="https://sp-edge.com/updates/17245">
 December 2022
 </a>
 .
 
 
 
 
 Key customers and partnerships
 
 
 The company has entered into product collaborations with partners including automotive component manufacturers ZF Group (September 2020), Denso (January 2021), and Fabrinet (November 2021) to develop LiDAR systems for vehicles and Nikon to develop sensors for robotic factory production lines (August 2021).&nbsp;
 
 
 
 
 Avea has high-volume production deals with autonomous shuttle services provider May Mobility 
 <a href="https://sp-edge.com/updates/23631">
 (November 2023)
 </a>
 and an unnamed global automotive OEM 
 <a href="https://sp-edge.com/updates/25168">
 (January 2024).
 </a>
 
 
 
 
 Funding and financials
 
 
 Aeva generated revenue of USD 4.3 million and reported a non-GAAP operating loss of USD 124.1 million in the year ended December 2023. The company has been listed on NYSE since March 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 2.1 billion (November 2020).
 
 
 
 
 <a href="https://sp-edge.com/updates/23632">
 In November 2023,
 </a>
 the company raised USD 145 million via a combined private investment and preferred facility deal from existing long-term stockholders. The company intended to utilize the funds to enhance its standing with OEMs, and improve its ability to support various high-volume production programs, potentially increasing its prospects for securing additional contracts.
 
 
 
</div>

Aeva

<div>
 
 Israel-based Innoviz Technologies develops LiDAR sensors and perception software specifically catering to autonomous vehicles. Its LiDAR product portfolio includes 1) &ldquo;InnovizOne,&rdquo; a solid-state LiDAR sensor specifically designed for autonomous vehicles with a detection range of up to 250 m and field of view (FoV) of 115 x 25 degrees; 2) &ldquo;InnovizTwo,&rdquo; a next-gen automotive-grade LiDAR sensor with a detection range of up to 300 m and FoV of 120 x 40 degrees; and 3) &ldquo;Innoviz360,&rdquo; a 360-degree LiDAR sensor with a detection range up to 300 m and pitched toward automotive and non-automotive applications.&nbsp;
 
 
 The company&rsquo;s target market spans across the US, Europe, and Asia, and it had an order book worth USD 6.9 billion 
 <a href="https://sp-edge.com/updates/14444">
 as of September 2022.
 </a>
 As of February 2024, Innoviz Technologies had 18 of Innoviz&rsquo;s products protected by US patents.&nbsp;
 
 
 <a href="https://sp-edge.com/updates/26155">
 In January 2024,
 </a>
 Innoviz released a strategic realignment plan for its operations from Q1 2024, which included a reduction of its workforce by ~13% (about 60 employees) to lower expenses and enhance its financial longevity. This was to mainly consolidate expenditures by transitioning the InnovizOne program to series production and focusing on the InnovizTwo sensor and software suite.
 
 
 Key customers and partnerships
 
 
 Innoviz Technologies has entered product collaborations with partners including Curium, a developer of automated calibration services for autonomous systems (August 2021); Ansys, a provider of simulation software (January 2022); Visionary.ai, a developer of software-based image signal processor technology (June 2022); and Japan-based software company Kudan 
 <a href="https://sp-edge.com/updates/14117">
 (October 2022)
 </a>
 and Mobileye (as of February 2024) to obtain technology to be integrated with its LiDAR solutions.
 
 
 The company secured 15 pre-production orders and four series production customers as of September 2023. Its customers include Twinner, Whale Dynamics, Syracuse, BMW, 
 <a href="https://sp-edge.com/updates/12378">
 Volkswagen,
 </a>
 and Delphi Automotive&mdash;of which BMW and Volkswagen were among the series production customers.&nbsp;
 
 
 Funding and financials
 
 
 Innoviz Technologies generated revenue of USD 20.9 million and reported an operating loss of USD 132.6 million during the year ended December 2023. The company has been listed on the Nasdaq since April 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (December 2020).
 
 
 <a href="https://sp-edge.com/updates/20883">
 In August 2023,
 </a>
 Innoviz Technologies announced plans for a public offering to issue USD 60 million of its ordinary shares to underwriters so they can purchase up to an additional USD 9 million of ordinary shares. The company planned to use the funds raised for general corporate purposes.
 
</div>

Innoviz Technologies

<div>
 
 AEye develops artificial intelligence (AI)-powered LiDAR for various applications, including vehicle autonomy, advanced driver assistance systems (ADAS), and robotic vision. The company&rsquo;s products include &ldquo;4SIGHT,&rdquo; a software-defined, solid-state LiDAR sensor for automotive applications. The company claims that 4SIGHT offers the industry&rsquo;s longest detection range with the ability to identify small obstacles at over 300m and a 128 degree horizontal field of view (FoV). 4SIGHT uses adaptive LiDAR sensors as opposed to traditional sensors that passively collect data. AEye&rsquo;s next gen product 
 <a href="https://sp-edge.com/updates/24047">
 &ldquo;4IGHT Flex,&rdquo;
 </a>
 is an ultra-compact, high-performance LiDAR for in-cabin autonomy and safety features. It comes with a 120 x 30-degree FoV, high resolution, and a detection range of up to 275 meters. The company 
 <a href="https://sp-edge.com/updates/14502">
 launched a new 4Sight product line
 </a>
 in November 2022, which it claims was built on a high-performance adaptive LiDAR platform. In 
 <a href="https://sp-edge.com/updates?industryIds=70">
 March 2024
 </a>
 , AEye announced the launch of Apollo, the first product in the 4Sight Flex Lidar series. As of July 2023, AEye held 120 patents for its technology solutions.
 
 
 
 
 The company&rsquo;s business model also involves licensing software sensing platforms to automotive partners and outright sale of software-configured hardware products in partnership with system integrators in industrial markets.
 
 
 
 
 Key customers and partnerships
 
 
 The company began has been producing and supplying its sensors since late 2021, in partnership with electronic solutions provider LITEON Technology Corporation 
 <a href="https://sp-edge.com/updates/29284">
 (May 2024),
 </a>
 electronics manufacturer Sanmina Corporation (July 2021), German automotive parts manufacturer Continental (October 2020), simulation software provider Ansys (January 2020), and other system integrators. Its customers include Nvidia (July 2020), Continental (August 2021), and autonomous trucking company TuSimple (July 2021).
 
 
 Funding and financials
 
 
 AEye generated revenue of USD 1.5 million and reported an operating loss of USD 87.8 million during the year ended December 2023. The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.52 billion (May 2021).
 
 
 
</div>

AEye

<div>
 
 LeddarTech is a Canadian company offering environmental sensing and perception solutions for advanced driving assistance systems (ADAS) and autonomous driving solutions. The company&rsquo;s main product offering &ldquo;LeddarVision,&rdquo; includes four scalable raw-data sensor fusion and perception platforms for Level 2/2+ ADAS applications (i.e., Level 2 refers to vehicles that can control both the speed and the steering, but the driver must maintain full vigilance). LeddarTech also offered LiDAR hardware components for LiDAR manufacturers, system integrators, and Tier 1&ndash;2 suppliers. However, 
 <a href="https://sp-edge.com/updates/14304">
 in November 2022,
 </a>
 the company announced plans to move away from its LiDAR hardware component business and focus on software development going forward. As of February 2024, LedderTech had 150+ patents (granted or applied).&nbsp;
 
 
 LeddarTech acquired VayaVision (sensor fusion and perception software company) in July 2020 and Phantom Intelligence (signal processing and LiDAR technology company) in September 2020 to complement its operations.&nbsp;
 
 
 Key customers and partnerships
 
 
 The company has partnerships with technology companies such as 
 <a href="https://sp-edge.com/updates/27813">
 Renesas Electronics,
 </a>
 STMicroelectronics, Flex, dSPACE, Ningbo Sunny Optical, Black Sesame Technologies, 
 <a href="https://sp-edge.com/updates/27574">
 Arm Technologies,
 </a>
 and 
 <a href="https://sp-edge.com/updates/29173">
 Immervision
 </a>
 for the joint development and delivery of LiDAR solutions.
 
 
 Funding and financials
 
 
 The company generated revenue of USD 7.4 million and an operating loss of USD 52.5 million in 2023 (year ending December 2023).
 
 
 In 
 <a href="https://sp-edge.com/updates/25036">
 December 2023
 </a>
 , LeddarTech became a publicly traded company via a merger with Prospector Capital Corp, a special purpose acquisition company (SPAC) at a pro-forma equity value of USD 348 million. The company secured a total of USD 58.6 million in gross proceeds including a USD 44 million convertible PIPE (Private Investment in Public Equity) and USD 14.6 million from the SPAC trust. The funds will be utilized to foster the adoption and expansion of LeddarTech's technology.
 
 
 
</div>

LeddarTech

<div>
 
 Seyond (formerly known as Innovusion) offers image-quality long-range LiDAR solutions for the automotive and other industries. Its product portfolio includes 1) &ldquo;Falcon,&rdquo; a LiDAR sensor specifically designed for the automotive industry, with a detection range of up to 500 meters and field of view (FoV) of 120 x 25 degrees; 2) &ldquo;OmniVidi,&rdquo; a perception service software platform, powered by a proprietary single-laser Forward SightNet and multi-laser fusion perception lightweight model; and 3) &ldquo;Robin,&rdquo; a short- to medium-range LiDAR sensor, with a detection range of up to 250 meters and FoV of 120 x 24 degrees.&nbsp;
 
 
 
 
 The company, headquartered in Silicon Valley, California, also has operations in China and Germany. As of November 2023, the company had an annual production capacity exceeding 300,000 units at its facility in China, and had plans to commence mass production by December 2023. In November 2023, the company reported delivering 200,000 automotive-grade LiDAR to customers.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Seyond primarily targets China and has entered several partnerships in the region. This includes a strategic partnership with Chinese EV maker NIO to supply LiDAR sensors for NIO&rsquo;s vehicles and a partnership with Chinese self-driving tech startup Mogo Auto (January 2022) to promote the adoption and commercial use of LiDAR for autonomous vehicles. The company reportedly delivered 56,000 LiDAR sensors to NIO in 2022.&nbsp;
 
 
 
 
 Meanwhile, the company also has a partnership with Joynext, the smart vehicle arm of Chinese auto component manufacturer, Joyson Electronics, for mass production of LiDAR sensors. It also entered a product partnership with 3D spatial intelligence software solutions specialist Outsight 
 <a href="https://sp-edge.com/updates/24507">
 in November 2023
 </a>
 to combine Outsight's software technology with Seyond's products for enhanced 3D perception capabilities.
 
 
 
 
 Funding and financials
 
 
 In January 2022, Seyond raised USD 118 million in a Series C funding round led by Hermitage Capital at a pre-money valuation of USD 1.1 billion. The company intended to use the funds to enhance production capabilities, expand global reach, increase headcount, and for further research and development (R&amp;D).
 
 
 
</div>

Seyond

Companies developing LiDAR and other sensors for autonomous passenger vehicles and to improve driver safety

Providers of software such as collision avoidance alerts, blind spot detection, automatic braking, and other advanced driver assistance systems

Companies developing self-driving technology for autonomous passenger vehicles including cars, buses, and shuttles

Companies providing software solutions for managing devices, and integrating external and internal systems for vehicles using internet connectivity

Companies providing in-vehicle infotainment products such as audio equipment and other electronic systems

Companies providing cybersecurity solutions for IoT-enabled vehicle devices

Connected vehicles and related services like infotainment and cybersecurity use IoT applications

Some companies use AI/ML tech for autonomous navigation

Autonomous vehicles facilitate efficient and greener transportation, contributing to creating smart cities

Automotive companies utilize GenAI solutions to enhance in-vehicle user experiences—mainly conversational AI technologies

Autonomous cars promote sustainable operations

ANALYST_QUICK_TAKE

DISRUPTOR_PRESENT

<div>
 <ul>
 <li>
 Urgently has acquired Otonomo Technologies, a vehicle data capture and analytics solutions provider, for USD 282 million. Otonomo will become a wholly-owned subsidiary of Urgently, and Urgently's common stock will trade on Nasdaq under the ticker symbol ULY.
 
 </li>
 <li>
 The acquisition will allow Urgently to enhance its technology offerings by leveraging Otonomo's expertise and resources. This strategic move will also expand Urgently's market reach and product portfolio. Urgently's stakeholders will own 60.3% of the shares, while Otonomo's shareholders will own about 39.7%.
 
 </li>
 <li>
 This acquisition creates a powerful alliance between Urgently and Otonomo, with over 100 partnership agreements involving various automotive industry players. Together, they serve 70 million consumer vehicles across 26+ countries with the help of a network of 12,000 service providers.
 
 </li>
 </ul>
</div> Analyst QuickTake : Otonomo entered this reverse merger agreement with Urgently <a href="https://sp-edge.com/updates/16281"> in February 2023 </a> to merge in an all-stock transaction.

Otonomo

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