| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Otonomo Technologies, a leading provider of a pioneering vehicle data platform and marketplace, and SWAT Mobility, a smart mobility solutions company that provides demand-responsive and ride-sharing technology in high capacity vehicles, today announced a new partnership that will improve the way people commute and their quality of life.
The Singapore-based SWAT Mobility offers transport pooling services, focusing on employee transport for offices and factories in remote locations, shuttle services for traveling salespeople, shuttles within industrial parks or airports, on-demand public transport for governments, and more recently, deliveries. In each case, SWAT Mobility strives to generate the most efficient route and maximize ridership benefits.
The partnership with Otonomo will allow SWAT Mobility to transform Otonomo's rich, harmonized, real-time vehicle data into a road speed graph. SWAT Mobility transforms the Otonomo vehicle data into speed information to help the SWAT routing engine better account for traffic conditions in solving routing problems, thereby achieving more accurate ride scheduling and reliable transport.
"Speed maps are an important aspect of our services that determines and drives the success of our business." said Evgeny Makarov, Head of Data at SWAT Mobility. "Otonomo's one-stop shop services enable SWAT Mobility's speed calibration process to improve our customer's overall riding experience."
SWAT Mobility's solutions leverage AI to constantly learn and recalibrate speed maps. With Otonomo's straightforward vehicle data, SWAT Mobility will easily access ground-truth data with minimal processing, allowing the Company to provide more accurate speed maps and better service for their end-clients.
"The scope of use cases for the Otonomo data in the auto-tech, smart cities and related industries continues to grow," said Ben Volkow, CEO of Otonomo. "Our platform securely ingests more than 4 billion data points per day from over 40 million global connected vehicles from multiple automakers. Our vehicle data gives SWAT Mobility the ability to provide better rides, punctual arrivals, saved transport costs, and a more efficient daily commute experience for thousands of employees in the Asia Pacific region."
This news follows Otonomo's announcement on February 1, 2021, that it entered into a definitive agreement with Software Acquisition Group, Inc. II (NASDAQ:SAII), which would result in Otonomo becoming a publicly listed company. The combined Company will retain the Otonomo Technologies, Ltd. name, and its ordinary shares are expected to be listed on NASDAQ under the ticker symbol " OTMO".
Posted In: SAII
