Wejo Group Limited
WEJOW
NASDAQ Global Market0.01
USD
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Wejo Group Limited
WEJOW
(NASDAQ Global Market)
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Wejo Group Limited provides connected vehicle data solutions through its cloud-based software infrastructure, including the Wejo Neural Edge platform for data analytics, management, and visualization; Wejo Marketplace Data Solutions encompassing traffic management, audience and media measurement services; and Wejo Software and Cloud Solutions featuring software platforms, analytical tools, data management, privacy compliance software, business insights enablers, and data visualization tools. The company serves automotive original equipment manufacturers, tier-1 suppliers, fleet management firms, departments of transportation, retailers, mapping companies, universities, advertisers, construction firms, and research departments with real-time insights from over 13 million active vehicles to enhance mobility, safety, efficiency, and urban planning. Founded in 2014 and headquartered in Salford, United Kingdom, Wejo operates globally with a focus on smart mobility for public and private organizations in the transportation and technology sectors. Recent developments include partnerships with Mercedes-Benz Connectivity Services for fleet management data integration, collaboration with Rekor in the partner network for improved incident detection using connected vehicle data, and involvement with SMATS to advance safer roadways; the company pursued a business combination with TKB Critical Technologies 1 in 2023 to secure up to $100 million in funding, implemented cost reductions to extend cash runway toward free cash flow breakeven by mid-2025, and navigated financial challenges with ongoing U.S. operations reflected in its OTC listing under ticker WEJOW despite prior UK administration proceedings.