Bosch Invests In Connected Car Services Provider

Bosch has announced a strategic investment in Mojio, a technology platform and software as a service (SaaS) provider for connected cars. The two companies also have inked an innovation agreement to co-develop a suite of advanced connected car services, beginning with vehicle communication and diagnostics, as well as crash detection and notification.

Founded in 2012, Mojio has developed a hardware cloud platform, mobile apps for consumers and small businesses, and services for big data analytics. The company has reportedly gathered real-world data from over 7 billion miles of driving — part of a platform that delivers connected car services to subscribers of major network operators in North America and Europe.

Bosch’s strategic investment was part of Mojio’s “Series B” funding round. Terms of Bosch’s investment in Mojio have not been disclosed.