High Mobility announces investment from Deutsche Automobil Treuhand
German startup High Mobility has raised an undisclosed amount for its car data platform from Deutsche Automobil Treuhand (DAT), an international company operating in the automotive industry that collects, supplements, creates, prepares and structures extensive vehicle data.
Founded in 2012, the mobility startup provides a connected car API that allows other businesses to launch and scale vehicle services such as pay-as-you-drive insurance. So far, the startup has over 7,000 registered developers who are able to extract data from certain model cars including Porsche, BMW, MINI, and Mercedes-Benz.
“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.
“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.