Business Highlights
Completed our business combination with Virtuoso Acquisition Corp., a special purpose acquisition company
Signed an exclusive deal with a major OEM to offer specialized data processing and management solutions, our first Automotive Business Insights customer in the automotive industry
Expanded our relationship with Mercedez-Benz Connected Services, with MBCS agreeing to supply Wejo with additional vehicle data, to create a platform in pursuit of Smart Cities supported by our Data For Good™ products
Launched Wejo Studio, our ground-breaking SaaS platform which analyzes data from millions of connected vehicles and translates those data points into real-time traffic and journey analytics
Enhanced and expanded partnerships with Palantir (NYSE:PLTR) and Microsoft (NASDAQ:MSFT)
Business Performance Highlights (comparisons to same period in prior year)
43% increase in Net Revenue for the nine months ended September 30, 2021
69% increase in Gross Sales for the nine months ended September 30, 2021
75% increase in Total Contract Value as of September 30, 2021
77% increase in Annual Recurring Revenue as of the month of September 2021
104% increase in customers to date as of September 30, 2021
12% increase in vehicles on platform as of September 30, 2021
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