Wejo, a Global Leader in Connected Vehicle Data, to List Publicly in the U.S. Through a Business Combination with Virtuoso Acquisition Corp.

MANCHESTER, England & WESTPORT, Conn.--(BUSINESS WIRE)--Wejo Limited (“Wejo”), a leader in connected vehicle data, and Virtuoso Acquisition Corp. (NASDAQ:VOSO) (“Virtuoso”), a special purpose acquisition company, today announced that they have entered into a definitive agreement for a business combination. This transaction will support Wejo’s vision of building the manufacturer-agnostic industry standard in connected vehicle data, creating applications across multiple marketplaces and enriching lives around the globe. By 2030, Wejo estimates a Connected Vehicle Data Market of $500 billion and a Serviceable Addressable Market of $61 billion driven by projections of over 600 million connected vehicles worldwide. These forward-looking statements include, without limitation, Virtuoso’s and Wejo’s expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. Important Information About the Proposed Business Combination and Where to Find ItIn connection with the proposed business combination, a registration statement on Form S-4 is expected to be filed by the Company with the SEC.