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|
 Wejo logo | |
| Company type | Public company |
|---|---|
| Industry | Automotive Data |
| Founded | 2013 |
| Founder | Richard Barlow |
| Defunct | June 2023 |
| Headquarters | Manchester, England, UK |
| Products | Connected Vehicle Data |
| Revenue | US$8.4 million (2022) |
Number of employees | 275 (2022) |
| Website | wejo |
| Footnotes / references [1] | |
Wejo Group Ltd was a British connected vehicle data start-up founded by entrepreneur Richard Barlow, headquartered in Greater Manchester, England.[2] Wejo collected in near-real-time 14.6 billion data points and analyzed 66 million journeys across a network of 10.7 million live vehicles from a supply base of over 50 million connected vehicles.[3] The Company offered a trading platform for connected car data and analytics. Wejo served customers worldwide and was founded in 2013.[4]
The company, which was backed by General Motors, went through a special purpose acquisition (SPAC) merger in 2021.[5] The merger raised $330M for Wejo including $230M from the SPAC company Virtuoso and the other $125M from private investment in public equity (PIPE) financing.[6]
Wejo called in administrators at the end of May 2023, following a loss of investment capital.
- ^ "Wejo Group Ltd 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 3 April 2023.
- ^ "Wejo is going places but stays loyal to Manchester". The Times. [dead link]
- ^ "Wejo, a Global Leader in Connected Vehicle Data, to List Publicly in the U.S. Through a Business Combination with Virtuoso Acquisition Corp". Business Wire.
- ^ "Bloomberg company profile". Bloomberg.
- ^ "Making Roads Safer With Connected Vehicle Data". Bloomberg.
- ^ "Vehicle data company Wejo to go public valued at $800m after reverse merger plans outlined". Business Live.