Embedded vehicle data from Otonomo will expand LeasePlan’s connected vehicle ecosystem
HERZLIYA, ISRAEL, and SAN JOSE, CA – September 9, 2021: Otonomo Inc., a wholly-owned subsidiary of Otonomo Technologies Ltd., (Otonomo) (Nasdaq: OTMO), a leading provider of a pioneering vehicle data platform and marketplace, and LeasePlan USA, a global leader in fleet management and driver mobility services, have signed a strategic partnership to offer a highly advanced view and insights into fleet vehicle performance and behavior.
Starting this month, LeasePlan’s OneConnect telematics platform will leverage Otonomo’s high-quality, application-ready OEM data – without any aftermarket devices. LeasePlan clients will immediately be able to manage and optimize driver behavior, fuel costs, maintenance trends, and expenses across a wider range of vehicles.
Felipe Smolka, LeasePlan’s EVP Transformation, said, “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.”
Ben Volkow, CEO, and Co-Founder of Otonomo, said, “We are delighted to partner with LeasePlan. Their innovative culture and data transformation vision align 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.”
OneConnect delivers a hassle-free experience for fleet managers, providing driver and vehicle information via a fully integrated platform within LeasePlan’s fleet management system. With the integration of Otonomo’s platform, fleet managers will now be able to use OneConnect as a simple solution to connect and manage a wide range of different vehicles.
LeasePlan is one of the world’s leading Car-as-a-Service companies, with 1.9 million vehicles under management in over 30 countries. Our core business involves managing the entire vehicle lifecycle for our clients, taking care of everything from purchasing and maintenance to car remarketing. With more than 50 years experience, we are a trusted partner for our corporate and mobility service clients. Our mission is to provide what’s next in sustainable mobility, so our customers can focus on what’s next for them. Find out more at www.leaseplan.com.
Otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers. Our platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience. Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, traffic management, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, and dozens of smart city solutions. Otonomo has an R&D center in Israel and a presence in the United States and Europe.
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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.