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

First International Innovation Forum Kicks Off (Sunday 23 Feb 2020)

The 8th Annual Charity Marathon to Kick Off Tomorrow

Simona Halep and Elena Rybakina To Contest Dubai Duty Free Tennis Championships ...

Step Up Your Fashion Game with the Sleek HONOR MagicWatch 2

Le Meridien Al Aqah Beach Resort Brings Flavours From the World Over

SentinelOne Announces $200M Series E

Ericsson's 5g Platform Adds Unique Core and Business Communication Capabilities

Tag Heuer Opens Boutique at Mall of the Emirates

UAE Team Emirates' Stars Surprise Abu Dhabi School Children Ahead of UAE Tour

Simona Halep Survives a Thriller At Dubai Duty Free Tennis Championships

Arla Foods Introduces Baby&Me Organic Products to UAE Market

AnadoluJet Serves UAE and Beyond with its New International Flights

Lacnor Releases New Dairy Products in Support of Healthy Living

Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary

Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of ...

Genetec Introduces Security Center for Airports to Unify Airport Security and Op ...

Schneider Electric's Secure Power Division Celebrates an Award-Winning Year in 2 ...

Move Up in Life With Snowhite's Latest Fashion Destination in Abu Dhabi

Spoil her this Mother's Day with gifts from Marks & Spencer

Enjoy a Selection of Anti-Aging Products from Beauty Solutions