Otonomo Technologies Ltd. (Otonomo), (Nasdaq: OTMO), a leading
mobility intelligence provider, today announced AUDI AG as a
vehicle data platform partner. With access to rich, actionable
vehicle data, Audi’s customers and business partners can create
consumer offerings that enhance the user experience for Audi
vehicle owners, ranging from pay-as-you-drive and insurance
services, to general vehicle status, to first notification of
loss.
“Otonomo’s mobility intelligence platform unlocks the value of
connected vehicle data while maintaining GDPR (General Data
Protection Regulation) compliance,” said Thomas Geiger,
Project Manager Extended Vehicle AUDI AG. “We see the
enabling of services for multi-brand solutions through Otonomo’s
customers, from start-ups to major corporates in their industries,
as a key differentiator. We believe this will fast track the
adoption of vehicle data-driven applications.”
The Otonomo mobility intelligence platform cleanses, harmonizes,
and secures vehicle data and makes it readily accessible through
Otonomo's straightforward API and user-friendly platform. Under the
terms of the partnership, Audi will provide Otonomo with data
points from Audi connected cars, ranging from odometer readings to
crash information, including impact location and
severity.
At launch, Audi and Otonomo will start with a couple of dozens
of data points, spanning use cases such as:
- Pay-as-you-drive
(PAYD): This data can be used for usage-based insurance
and includes data elements such as mileage readings and parking
time.
- First Notification of Loss
(FNOL): This use case is of interest to insurance
companies and contains information about accident events, the
severity of the accident and the location of the impact.
- Vehicle Status: This
includes, among other things, the status of doors or a sliding
roof.
With consumers in mind, this data can be used to augment and
innovate traditional service offerings, especially when it comes to
insurance, vehicle safety and stolen vehicle recovery. We believe
leveraging the Otonomo vehicle data platform lowers the barrier of
entry into the auto-adjacent services market for service providers.
Consuming vehicle data is more efficient and more affordable with
one API, one data dictionary across multiple brands, and one
streamlined contract.
“Otonomo's vehicle data platform will bring value to Audi
buyers. It will make it easy for Audi to simplify access to Audi
connected car data and accelerates the time-to-value of data-driven
business models,” said Ben Volkow, CEO and Co-Founder of
Otonomo. “Audi is a market leader, and this
partnership is an important opportunity that will allow us to
collaborate on innovative technologies and emerging services.
Additionally, we are excited to share with Audi and our extended
ecosystem the new mobility intelligence solutions Otonomo
provides.”
About Otonomo:
Otonomo fuels a data ecosystem of OEMs, fleets, and more than
100 service providers spanning the transportation, mobility, and
automotive industries. Our platform securely ingests more than 4
billion data points per day globally from over 40 million vehicles
licensed on the platform and massive amounts of mobility demand
data from multimodal sources, then reshapes and enriches it, to
accelerate time to market for new services that improve the
mobility and transportation experience. We provide deeper
visibility and actionable insights to empower strategic data-driven
decisions – taking the guesswork out of mobility and transportation
planning, deployment, and operations. 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, traffic management, EV management, subscription-based
services, micro-mobility, parking, predictive maintenance,
insurance, media, in-vehicle services, and dozens of smart city
solutions.
More information is available at otonomo.io
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For press inquiries, please contact:
OtonomoJodi Joseph AsiagHead of Content and
Communicationsjodija@otonomo.io
For investment inquiries, please
contact:
MS- IR for OtonomoMiri Segalmsegal@ms-ir.com
Forward Looking Statements
This announcement contains certain forward-looking statements
within the meaning of the federal securities laws, including
statements regarding the services offered by Otonomo, the
anticipated technological capability of Otonomo, the markets in
which Otonomo operates and Otonomo’s projected future financial and
operational results. These forward-looking statements generally are
identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
announcement, including but not limited to, the ability to
implement business plans, forecasts, and other expectations, the
ability to identify and realize additional opportunities, and
potential changes and developments in the highly competitive data
marketplace. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in Otonomo’s prospectus filed with the
SEC on November 3, 2021, and other documents filed by Otonomo from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Otonomo assumes
no obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Otonomo gives no assurance that it
will achieve its expectations.
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