Berlin-based car data platform HIGH MOBILITY has secured a multi-million euro financial round led by Deutsche Automobil Treuhand (DAT) to support its domination of the car data landscape through the facilitating of mobility services and applications.
The company also got additional funding from the company’s current group of investors — headed by Fabian von Kuenheim and the Berlin-based venture capital firm IBB Beteiligungsgesellschaft — to continue its transformation of the mobility space.
By facilitating leading connected car services and applications the car data platform is rising through the ranks to become the leading API provider and marketplace in the field of car data.
Risto Vahtra, CEO, HIGH MOBILITY said:
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.
This funding boost reaffirms not only the investors’ continued trust in the work of the pioneering mobility startup, but also their belief in the founders’ mission to build the leading car data platform, a platform that enables businesses to launch and scale vehicle services using a single connected car API.
Founded in Berlin in 2012, the company already boasts support for the vehicles of BMW, MINI and Mercedes-Benz with more manufacturers to be revealed later this year.
Dr. Thilo Wagner, Director of Products, DAT said:
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.
The investment announced will further expand HIGH MOBILITY’s portfolio of supported car brands while opening up ever more data sources to third party services working in the mobility space. Also, the car data startup aims to become a platform that can offer the broadest range of car manufacturers, models, tools and resources to third party mobility services.
In simple terms, the company aims to provide a crucial link between the global developer community and major car manufacturers worldwide who are seeking to find and maintain a strong footing in the digital sphere. Currently, the German startup has over 7,000 registered developers from over 50 different countries and has partnered with numerous leading car manufacturers.
Main image credits: HIGH MOBILITY
Stay tuned to Silicon Canals for more European technology news