Search DubaiPRNetwork.com

Home >> Automobile

Inmotion Ventures Invests in Urgent.ly As Part of $21 Million Round

Inmotion Ventures Invests in Urgent.ly As Part of $21 Million Round

Sunday, January 27, 2019/ Editor -  

Share

Home >> Automobile
  • Jaguar Land Rover’s venture capital arm invests in mobility and roadside assistance provider Urgent.ly
  • New model for roadside assistance with ability to connect to autonomous, electric and connected vehicles 
  • InMotion Ventures co-invests in the Series B round with a number of other premium global automotive brands 
Dubai-  United Arab Emirates, 27 January, 2019 –   InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces its investment in Urgent.ly, the connected roadside assistance service supported by a cutting edge technology platform. 
 
Founded in 2013, Urgent.ly is a full-service roadside assistance provider, taking advantage of connectivity to offer a fully integrated recovery service from first notification to repair. The geo-location of Urgent.ly’s customers and their vehicles means the best-rated and closest providers with the right equipment are algorithmically matched, assigned and dispatched to help the customer. All of these steps – including ETAs, provider tracking, communications and ratings – are connected through Urgent.ly’s seamless, end-to-end digital experience.  
 
In just two years of operations in the USA, Europe and Asia, Urgent.ly has 45,000 connected recovery vehicles on its platform and has signed deals with several large auto manufacturers and insurers.
 
InMotion Ventures invests alongside BMW i Ventures and Porsche Ventures, supporting its ambition to become the market-leading provider of roadside assistance services in the USA, and ultimately, globally.
 
“We are truly gratified by the support of our investors, including some of the world’s top global automotive brands, as we work to define the future of mobility and roadside assistance experience customers demand and deserve,” said Chris Spanos, CEO and co-founder of Urgent.ly. “We look forward to continuing to innovate our connected services across the rapidly evolving global automotive, insurance and mobility markets, where we have consistently driven increases in customer satisfaction over the legacy analog models that have defined the industry for the past 70 years.” 
 
Sebastian Peck, Managing Director at InMotion, said: “Established automotive manufacturers have a responsibility to develop and fund cutting-edge innovations in the mobility and travel sector. With Urgent.ly, customers will be able to receive an end-to-end digital experience for their premium vehicles. InMotion is incredibly excited to support Chris and the Urgent.ly team throughout this exciting phase of growth.”

Previous in Automobile

Next in Automobile


Home >> Automobile Section

Latest Press Release

Customs World develops RIISE: first of its kind leading-edge Customs platform

NYU Abu Dhabi senior admitted to the Luce Scholars Program

DAFZA to showcase its premium services to the F&B Industry at Gulfood

Abu Dhabi University and Knowledge Group to participate in IDEX 2019

H.E. Minister Buhumaid leads Dubai Cares' Walk for Education alongside 15,000 pa ...

Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders

Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based, ...

Julphar Announces 2018 Preliminary Results

Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef ...

Create a Valentine's meal to remember with LG

Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...

Novel software offers possible reduction in arrhythmic heart disease

Team UAE Set Sights on Nations Cup Qualification at Five Star President of UAE S ...

UAE supermarket chain Al Maya group to launch products from Woolworths Australia

Strong Regional Performance Shows Luxurious Lincoln is a Brand on the Up

The Fall 2019 Michael Kors Collection Runway Show

Furniture brand, helmii, embraces Clean Sleeping as we approach Sleep Awareness ...

The Retail Summit officially opens

ASMAK demonstrates stellar growth momentum ahead of Gulfood 2019

Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engi ...