Wejo Group Ltd

Wejo Group Ltd. operates as a data exchange platform. The firm provides connected car data, insights, and analytics solutions. The company was founded on May 21, 2021 and is headquartered in Hamilton, Bermuda.

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Wejo Group Ltd. operates as a data exchange platform. It provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its proprietary cloud software and analytics platform. The company was founded by Richard Michael Barlow in 2014 and is headquartered in Manchester, the United Kingdom.

Wejo (NASDAQ: WEJO ) stock is rallying on Wednesday despite the electric vehicle (EV) data, analytics, and software-as-a-service company revealing a delisting notice. That delisting notice comes from the Nasdaq Exchange and will see shares of WEJO stock delisted in the near future.

Why Is Wejo (WEJO) Stock Up 38% Today?

MANCHESTER, England, April 25, 2023 (GLOBE NEWSWIRE) -- Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric, and autonomous vehicle data, and Rekor Systems (NASDAQ: REKR) ("Rekor"), today announced that Wejo has joined the Rekor Partner Network ("RPN"). The RPN is a global ecosystem of technology, data, and solution providers working together to provide the most comprehensive view of the world's roadway data and intelligence available, streamlining innovation and solving transportation and mobility challenges. The RPN facilitates and streamlines roadway data collection and analysis for transportation agencies, corporations, and private firms, enabling them to gain valuable insights quickly.

Wejo and Rekor Announce that Wejo has Joined the Rekor Partner Network to Revolutionize Incident Detection and Response Through Real-Time Connected Vehicle Data

MANCHESTER, United Kingdom and EL SEGUNDO, Calif., April 13, 2023 (GLOBE NEWSWIRE) -- Wejo Group Limited (NASDAQ: WEJO) (“Wejo”), a global leader in Smart Mobility for Good™ and cloud and software analytics for connected, electric and autonomous vehicle data, and TKB Critical Technologies 1 (NASDAQ: USCT) (“TKB”), a special purpose acquisition company, today announced that they had filed with the U.S. Securities and Exchange Commission ("SEC") a registration statement on Form S-4, which contains a preliminary proxy statement/prospectus (the “S-4”), in connection with their previously announced business combination.

Wejo and TKB file Form S-4 Registration Statement for Business Combination

Wejo Group Limited (NASDAQ:WEJO ) Q4 2022 Earnings Conference Call April 3, 2023 8:30 AM ET Company Participants Richard Barlow - Chief Executive Officer John Maxwell - Chief Financial Officer Megan LeDuc - Manager, Investor Relations Conference Call Participants Jeff Meuler - Baird Operator Welcome to the fourth quarter 2022 earnings call and business update. At this time, all participants are in a listen-only mode.

Wejo Group (WEJO) Q4 2022 Earnings Call Transcript

Company continues to pursue robust enterprise opportunity building on successful execution in 2022 Company continues to pursue robust enterprise opportunity building on successful execution in 2022

Wejo Announces Fourth Quarter and Full-Year 2022 Results

Will host business update call to review financial results, company strategy, operational KPIs Will host business update call to review financial results, company strategy, operational KPIs

Wejo to Announce Fourth Quarter and Full-Year 2022 Financial Results on April 3, 2023

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, announced today the implementation of additional cost reductions to extend Wejo's capital runway and materially accelerate its anticipated Free Cash Flow* breakeven point from previous projections of mid-2024 to mid-2025.

Wejo Anticipates Earlier Free Cash Flow Breakeven Point with Cost Reductions

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric, and autonomous vehicle data, today announced the availability of its Road Health solution, powered by NIRA Dynamics, across selected markets in Europe.

Wejo Expands Availability of Road Health Solution to EU

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ products and services, today released new research revealing that an average journey across ten U.S. cities with populations ranging from 390,000 to 500,000 is 27.5% longer due to today's congestion levels. Wejo evaluated travel times of 19.

Wejo Unveils Midsize City Congestion Report

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced a partnership with the University Consortium for Geographic Information Science (UCGIS), a non-profit organization that creates and supports communities of practice for GIScience research, education, and policy endeavors in higher education with allied institutions.

Wejo Partners with University Consortium for Geographic Information Science to Advance GIS Research

MANCHESTER, England & NEW YORK--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO) (“Wejo” or the “Company”), a global leader in Smart Mobility for Good™ and cloud and software analytics for connected, electric and autonomous vehicle data, announced that Diarmid Ogilvy has resigned for personal reasons from the Company's Board of Directors (the “Board”), effective February 28, 2023.

Wejo Announces Resignation of Diarmid Ogilvy from Board of Directors

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™, today released new research revealing that the average distance driven per journey in electric vehicles (EV) may be equal to those of traditional internal combustion engine (ICE) vehicles within the next 18 months. The projection is made based on data showing that between 2021 and 2022 EV drivers extended the distance of their journeys by 5.5% on average.

Wejo Insights: EV Journey Distance Could Equal Traditional Cars Within 18 Months as EVs Are Being Driven Farther

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced an expanded collaboration with Mercedes-Benz Connectivity Services GmbH. The collaboration will enable Wejo to provide personalized connected vehicle data services for participating cloud-connected fleet vehicles in the E.U.

Wejo Expands its Fleet Coverage with Premium German OEM Support

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced its partnership with Renault Group (OTCMKTS: RNLSY) has expanded to provide Wejo with direct access to vehicle data from Renault Group through Renault Group cloud platform, Easy Connect for Fleet solutions for fleet management.

Wejo Expands Partnership with Renault Group to Give Fleet Solution Providers and Fleet Managers Transformative Remote Asset and Activity Management Services

MANCHESTER, England--(BUSINESS WIRE)--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric, and autonomous vehicle data, today announced that Founder and CEO, Richard Barlow, and CFO, John Maxwell will present and host investor meetings virtually at the following conference: Baird 2023 Vehicle Technology & Mobility Conference February 15, 2023, presentation at 11:25 AM ET A link to the replay of the presentat

Wejo to Participate in Baird 2023 Vehicle Technology & Mobility Conference

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO) (“Wejo”), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced TKB Critical Technologies 1 (NASDAQ: USCT) ("TKB") retained approximately $56.7 million in its trust account after a final shareholder vote to extend the time it has to consummate a business combination to June 29, 2023. The vote, which was approved by approximately 99% of the votes cast at the meeting, representing approximately 82% of TKB's outstanding shares, resulted in the retention of approximately $3.7 million more in TKB's trust account than was reported by TKB on January 25, 2023.

Wejo Announces TKB Critical Technologies 1 to Retain Approximately $56.7 Million in its Trust Account as Next Step in Companies' Business Combination

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO)(“Wejo”), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced the first milestone in its proposed business combination with TKB Critical Technologies 1 (NASDAQ: USCT) ("TKB"). TKB was able to retain approximately $53 million in its trust account following the redemption deadline for the Class A ordinary shares issued in TKB's IPO in connection with TKB's extraordinary general meeting seeking shareholder approval of an extension of the date by which TKB must consummate an initial business combination (the “Extension”).

Wejo Announces Successful Milestone in the Business Combination Process with TKB Critical Technologies 1

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric and autonomous vehicle data, today announces it has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group.

Wejo Wins 2022 BIG Innovation Award

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced a data agreement with Toyota Motor North America. The agreement will allow Wejo to provide personalized connected vehicle data services for participating cloud-connected fleet vehicles in the U.S. It represents an important step towards Wejo's capture of the estimated $61 billion by 2030 service addressable connected vehicle data market. The data Wejo receives will be derived from participating Toyota fleet vehicles and processed and anonymized through Wejo's ADEPT platform. The data can then be leveraged by telematics service providers (TSPs), fleet owners and fleet management service (FMS) companies interested in utilizing data from embedded OEM hardware to support fleet services instead of more unreliable aftermarket hardware.

Wejo Announces Data Agreement with Toyota Motor North America

MANCHESTER, England & EL SEGUNDO, Calif.--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ:WEJO) (“Wejo”), a global leader in Smart Mobility for Good™ cloud and software analytics for connected, electric and autonomous mobility, today announced that it has entered into a definitive business combination agreement to combine with TKB Critical Technologies 1 (NASDAQ: USCT) (“TKB”). The proposed business combination is subject to a number of closing conditions and the parties anticipate that the transaction will close in the second quarter of 2023. Upon closing of the business combination, the combined company will retain Wejo's ticker symbol and will continue to trade on the Nasdaq Stock Market LLC.

Wejo Group Limited Enters Into Business Combination with TKB Critical Technologies 1

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ and cloud and software solutions for connected, electric and autonomous vehicle data, today announced an extended collaboration with Microsoft through the adoption of the Microsoft Connected Fleets reference architecture. Wejo will be part of an ecosystem of Microsoft partners addressing the fleet management market - anticipated at $38 billion by 2024 - by helping fleet management independent software providers (ISVs), system integrators (SIs), and fleet managers go beyond limited data sets and basic dashboards to integrate fleet data into core business processes and derive actionable insights for improved business outcomes.

Wejo Adopts Microsoft Connected Fleets Reference Architecture

Infotainment insights generated using connected vehicle data transform the way radio listening is measured and brings faster, more accurate listening behavior.

ADDING and REPLACING Wejo and Capitol Broadcasting Company of North Carolina Team Up on Infotainment Insights Using Connected Vehicle Data (CVD) for Broadcasters and Advertisers in a Market Worth $1.8 Billion

MANCHESTER, England--( BUSINESS WIRE )--Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced that it and Capitol Broadcasting Company of North Carolina have partnered to pilot and introduce connected vehicle data-driven infotainment insights for radio listening insights and measurement. The infotainment insights include a more accurate way than traditional manual methods to measure in-vehicle radio listening audiences. Wejo expects the information insights to address the represent dozens of millions of dollars in revenue opportunity over the next three years, thanks to a total addressable market value of $1.8bn, with broadcasters and advertisers expected to find value in gaining a better overall understanding of the competitive market and their audience to make more informed decisions to generate revenue.

Wejo and Capitol Broadcasting Company of North Carolina Team Up on Infotainment Insights Using Connected Vehicle Data (CVD) for Broadcasters and Advertisers in a Market Worth $1.8 Billion

Wejo Group Limited (WEJO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Wejo Group Limited (WEJO) Moves to Buy: Rationale Behind the Upgrade

Wejo Group Limited (NASDAQ:WEJO ) Q3 2022 Earnings Conference Call November 30, 2022 8:30 AM ET Company Participants Tahmin Clarke - Senior Vice President of Investor Relations Richard Barlow - Founder and Chief Executive Officer John Maxwell - Chief Financial Officer Conference Call Participants Jeffrey Meuler - Robert W. Baird & Co. Ryan Koontz - Needham & Company, LLC Operator Greetings, and welcome to the Wejo's Third Quarter Business Update Call.

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