ULU, the Eindhoven-based connected car company that works on telematics solutions for businesses, insurers, car dealerships and other owners of large fleets, received one million euros in funding. The company also took over Chinese hardware manufacturer Velio Technologies, which supplies ULU with the OBD dongles. The investment was raised by entrepreneur Christian Kerssens and the Brabant Development Agency (BOM). Kerssens will now serve as ULU’s new CEO.
Vehicles create a lot of data that are valuable to companies, insurers, car dealerships and other fleet owners. Via a special dongle, which acts like a usb stick, they receive insights about the driving behaviour of their customers, clients and employees, e.g. the top speed of a car before a crash or which vital car parts are due for a check up.