Otonomo Acquires Neura
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Otonomo and LeasePlan Partner to Optimize Fleet Management Services

The value of connected vehicles is being realized in many areas of today’s fleet management through improving visibility and efficiency, cutting expenses and achieving compliance. With ~85% of newly manufactured vehicles equipped with OEM-embedded sensors and modems, the operational benefit of connected vehicle data is clear : to gain deeper insights into multiple aspects of vehicles and drivers, without the need for installation and uninstallation of aftermarket devices.

A global leader in fleet management and driver mobility services, LeasePlan manages the entire vehicle lifecycle of their clients, from purchasing and maintenance all the way through car remarketing. From core services like maintenance and fuel management, to innovative data-driven solutions that improve efficiency, LeasePlan services are geared toward helping fleets reduce costs, keeping employees safe, and working toward a greener planet.

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Harnessing data to solve daily fleet management challenges

LeasePlan’s OneConnect telematic solution empowers fleet operations with vehicle data and enriched fleet data, to promote the right decision at the right time. Integrated within LeasePlan’s fleet management system, OneConnect telematics solution makes it easier to proactively flag vehicles and trucks for maintenance, track vehicle location, manage fuel usage, monitor driving habits to improve safety, and meet compliance requirements.

With the integration of Otonomo’s vehicle data into OneConnect telematic solution, LeasePlan USA fleet clients will be able to take advantage of high quality and normalized multi-OEM data, without any aftermarket devices, and optimize their fleet management. Fleet managers of all sizes can now leverage embedded vehicle data to manage a wide range of vehicles from multiple OEMs, and can achieve significant productivity gains.

Powering unmatched visibility into fleet vehicles

OneConnect’s hassle-free experience coupled with Otonomo’s attribute-rich, embedded vehicle data enable LeasePlan fleet managers to gain highly advanced views and insights into vehicle performance and driving behaviors. Equipped with embedded vehicle data, fleet managers can better oversee and optimize drivers behavior, reduce fuel costs, and manage preventive maintenance across a wider range of vehicles, including EV vehicles.

“Our partnership with Otonomo reinforces LeasePlan’s pole position in the connected vehicle space as we continue to expand our ecosystem with the most desirable technology we can find,” said Felipe Smolka, EVP of Transformation at LeasePlan. “This organic relationship has roots that stem from years back. As longtime colleagues, Ben and I have remained dedicated to leadership in the connected mobility space. Alongside Otonomo, LeasePlan gets to substantially grow our network of direct-vehicle connectivity to include Toyota, GM, Ford, FCA, and many other automakers. In addition, this strategic partnership will unlock many new fleet analytics use-cases for all of our clients leveraging our own cost-effective telematics platform called OneConnect.”

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Unlocking new fleet management insights

Otonomo’s embedded vehicle data is expanding LeasePlan’s connected vehicle offering with driver safety notifications, trip management information as well as unique intelligence regarding fleet’s readiness for EV transition that was previously unavailable. These insights support smooth advancement towards fleet electrification to improves sustainability and has huge environmental, commercial, and financial benefits.

“We are delighted to partner with LeasePlan.”, said Ben Volkow, CEO and Co-Founder of Otonomo. “Their innovative culture and data transformation vision aligns with ours. Otonomo will give LeasePlan’s customers the power to enhance the safety, efficiency and compliance of their fleets through their existing telematics platform, OneConnect.”

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Tap into premium quality embedded vehicle data and optimize your fleet management systems

Learn more about Otonomo connected vehicle data for efficient fleet management and explore our fleet solution for fleet management systems.

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Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Otonomo, the anticipated technological capability of Otonomo, the markets in which Otonomo operates and Otonomo’s projected future financial and operational results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, and potential changes and developments in the highly competitive data marketplace. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Otonomo’s final prospectus filed with the SEC on July 21, 2021 and other documents filed by Otonomo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Otonomo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Otonomo gives no assurance that it will achieve its expectations.

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