LEADING KOREAN CONSRUCTION AND FARM EQUIPMENT COMPANY TO PARTNER WITH OTONOMO- THE AUTOMOTIVE CONNECTIVITY AND DIGITILISATION LEADER

THE BUSINESS NEED AND PARTNERSHIP DESIGN

  • KIIC member was interested to enter the automotive connectivity and digitalization space by using its vast data to create new services, revenue streams and increase efficiency by: 

    • Selling data

    • Using the data for adjustable cheaper insurance products

    • Using the data as predictive maintenance of the vehicles and pre- break-down services 

 

  • KIIC has performed a deep Automotive research, covering several sub-sectors such as: autonomous driving, Automotive connectivity technologies and more. and has facilitated the process with Otonomo who was identified as a leading solution with high business fit to our member’s brief.

  • Otonomo's cloud-based platform, car data is cleansed, normalized, and anonymized to protect privacy and maintain consent, and then analyzed to deliver insights to the ecosystem and support ongoing progress.

 

  • The company is backed by top VCs - global and local leaders such as-
    Bessemer Ventures, Dell Technologies, Maniv Mobility (Israel leader in automotive) and StageOne and global key strategic investors too - SK Group, NTT DOCOMO, Aptiv 

  • Otonomo is working with prominent global companies such as: Daimler, BMW, Ford, Renault/Citroen

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