Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
Inmotion Ventures Invests in Urgent.ly As Part of $21 Million Round
 
Inmotion Ventures Invests in Urgent.ly As Part of $21 Million Round
  • 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.”


Posted by : Dubai PR Network Editorial Team
Viewed 7735 times
PR Category : Automobile
Posted on : Sunday, January 27, 2019  4:19:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Exclusive Nissan GT-R50 by Italdesign Makes Middle East Debu...
Next Story : Jaguar Land Rover Lights Up the Road Ahead for Self-driving ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Amorepacific Group holds an event for its 1st anniversary in the Middle East [8967-Views]
Johnson's participates in Arab Hospitals Federation [6649-Views]
The Beauty Oasis Spa Introduces ‘glowinface' - a First of Its Kind Facial Yoga Treatment i... [5423-Views]
Ralph Lauren Unveils the Earth Polo, Made Completely From Recycled Materials [5417-Views]
Get Instantly plump and luscious lips with Kocostar's Plump Lips Capsule Mask [5295-Views]
Celebrate with the new AIGNER Ramadan collection [5240-Views]
CLAUDE MONET Limited Edition Collection [5124-Views]
Protect your little ones skin during summer time with Fifi & Friends [5106-Views]
UAE to spend AED 8.8 bn on personal care 2022 with 2.2% annual growth [4984-Views]
Express Yourself With the New Scents of Life Fragrance Collection From the Body Shop [4666-Views]
Yas Waterworld earns Guinness World Records title for “Most Nationalities in a Swimming Po... [4618-Views]
Juliette has a gun's New Vanilla Vibes Perfume, a hymn to Adventure and Freedom, now in th... [4496-Views]
Malabar Group Headquarters (M HQ) wins the Forbes India Design Awards 2019 [4355-Views]
Seasonal Offers from THT to keep you Pampered to Perfection this Ramadan [4319-Views]
Worldwide Distribution Center Showcasing Thousands of Health and Beauty Products at Beauty... [4270-Views]
GUESS Partners with Model Roz To Unveil Its Beautiful New Ramadan Collection [4215-Views]
UAE's First Digital Government presents Ajman's Digital Transformation Journey at WSIS 201... [4069-Views]
Tumi Introduces Alpha 3 [3983-Views]
Dubai School represents UAE at Landrover 4x4 World Championship 2019 [3953-Views]
CND™ Sweet Escape: The Collection Awaken the Senses [3928-Views]
Three designer brands to launch exclusively at DIVAlicious 2019! [3867-Views]
Record results and renowned awards for Dubai Customs in 1st quarter 2019 [3819-Views]
Diva Abaya's Ramadan 2019 Collection - A fusion of tradition and fashion! [3782-Views]
Samana Developers launches Samana Hills in Arjan with 8 year payment plan [3764-Views]
One Giant Leap for Resolution: Samsung Announces Availability of the UAE's first QLED 8K T... [3739-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories