{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/gm-palantir-backed-wejo-to-go-public-via-spac-techcrunch/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"GM, Palantir-backed Wejo to go public via SPAC – TechCrunch","slug":"gm-palantir-backed-wejo-to-go-public-via-spac-techcrunch","createdLocal":"2021-05-29 14:31:00.989792","publishDate":"2021-05-29 00:15:21+00:00","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://californianewstimes.com/gm-palantir-backed-wejo-to-go-public-via-spac-techcrunch/366197/"},"postSummary":{"childMarkdownRemark":{"html":"<p>Wejo, a connected car data startup backed by GM and Palantir, plans to go public through a merger with special-purpose acquisition company Virtuoso Acquisition Corp. , Includes debt.\nThe transaction will raise $ 330 million in Wejo revenue, including a $ 230 million cash donation from Virtuoso and a $ 100 million private investment in Public Equity (PIPE).\nFormer strategic investors Palantir and GM supported the deal, according to Wejo.\nThat investor deck..Wejo will be listed on the Nasdaq Public Exchange when the transactions scheduled for the third quarter are completed.\nWejo works with automakers and Tier 1 suppliers to collect real-time data from sensors integrated into the vehicle.</p>"}}}},"pageContext":{"slug":"gm-palantir-backed-wejo-to-go-public-via-spac-techcrunch"}}}