{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/uk-connected-car-startup-in-1-1bn-spac-deal/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"UK connected car startup in $1.1bn SPAC deal","slug":"uk-connected-car-startup-in-1-1bn-spac-deal","createdLocal":"2021-06-04 14:30:58.744513","publishDate":"2021-06-04 12:59:46+02:00","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://www.eenewseurope.com/news/uk-connected-car-startup-11bn-spac-deal"},"postSummary":{"childMarkdownRemark":{"html":"<p>The deal with Virtuoso Acquisition, a dedicated acquisition company, values the combination at $1.1bn and releases $330m for expansion for connected car data services.\nIt already collects 14.6bn data points in near-real-time every day from 10.7m connected vehicles, analysing 66 million journeys across a network of 50m vehicles.\nWejo expects its connected vehicle network to expand significantly with nearly half of all vehicles globally expected to be connected vehicles by the end of this decade.\nBy 2030, Wejo estimates the Connected Vehicle Data Market will be worth $500bn with over 600 million connected vehicles worldwide.\nWe are excited to have found a partner in Virtuoso who understands the potential of our business as we take this step forward in an important and burgeoning market.”www.wejo.comRelated connected car articlesOther articles on eeNews Europe</p>"}}}},"pageContext":{"slug":"uk-connected-car-startup-in-1-1bn-spac-deal"}}}