The car data company announces significant financial investment from industry heavyweight Deutsche Automobil Treuhand (DAT) to support its domination of the car data landscape through the facilitating of mobility services and applications.
Berlin-based Estonian startup HIGH MOBILITY has secured a multi-million euro financial round led by DAT and with additional funding from the company’s current group of investors — headed by Fabian von Kuenheim and the Berlin-based venture capital firm IBB Beteiligungsgesellschaft — to continue its transformation of the mobility space. By facilitating world class connected car services and applications the car data platform is rising through the ranks to become the leading API provider and marketplace in the field of car data.
“The new investment from such an established player in the automotive industry allows us to play on our strengths in building on the developer ecosystem that will power the mobility and transportation industry well into the next decade,” said Risto Vahtra, CEO at HIGH MOBILITY.
This funding boost reaffirms not only the investors’ continued trust in the work of the pioneering mobility startup, but also their belief in the founders’ mission to build the leading car data platform, a platform that enables businesses to launch and scale vehicle services using a single connected car API. The company already boasts support for the vehicles of BMW, MINI and Mercedes-Benz with more manufacturers to be revealed later this year.
“By acquiring shares in HIGH MOBILITY, we have secured access to a well-established development service that we would otherwise have had to provide ourselves anyway. After all, it goes without saying that we expect to play a leading role when it comes to distributing telematics data. Going forward, we will use the time we have gained to create added value from the vehicle data provided for all those involved based on the technical framework established by HIGH MOBILITY,” commented Dr. Thilo Wagner, Director of Products at DAT.
The DAT philosophy is that of neutrality, reliability and innovation, which is corroborated by the Group’s founding partners the VDA (Association of the German Automotive Industry), the VDIK (Association of the International Motor Vehicle Manufacturers) and the ZDK (German Federation for Motor Trades and Repairs). The investment announced today will further expand HIGH MOBILITY’s portfolio of supported car brands while opening up ever more data sources to third party services working in the mobility space. The combined expertise, experience, strategic interests and networks of both DAT and HIGH MOBILITY ensure that the car data platform can continue to build on its success as a pioneer, innovator and leader in the space to become the platform that is able to offer the broadest range of car manufacturers, models, tools and resources to third party mobility services.
HIGH MOBILITY provides a crucial link between the global developer community and major car manufacturers worldwide who are seeking to find and maintain a strong footing in the digital sphere. Since founding the company, the mission has been to provide third party mobility businesses with a complete software toolkit to integrate and test data-driven services.
Today HIGH MOBILITY has over 7000 registered developers from over 50 different countries and has partnered with numerous leading car manufacturers.