wejo, the mobility data ecosystem pioneer, has been named in the top 10 ‘Disruptors to Watch’ in the Sunday Times Virgin Atlantic Fast Track 100, published yesterday.
Disruptors to Watch is an independent ranking that takes into account factors such as business model, management team and investor credibility, as well as total funds raised. The 10 finalists are selected by a judging panel and previous companies to make the list include the likes of Monzo, BrewDog and PureGym.
Featuring as a Disruptor to Watch recognises wejo’s rapid growth as it harnesses the rich data insights from connected vehicles to create the new mobility data ecosystem. The ecosystem enables the flow of data from hundreds of sensors on connected vehicles, through wejo’s data exchange platform, and to a host of end users all with the same goal of transforming the way we live, work and travel.
This nomination comes off the back of wejo’s Global Customer Value Leadership Award by Frost & Sullivan which recognises wejo’s innovation and market-leading approach in the connected car data exchange platform market. As Frost & Sullivan highlighted in its award report, “Although many technology companies have aspired to enter the connected car space, none have achieved the same level of speed, accuracy, agility, and quality as wejo.”
wejo organises historical and real-time vehicle data to deliver insights that significantly improve the road experience of drivers, owners and riders. To date, wejo has curated 140 billion miles of data and expects to have 10 million cars on its platform by the end of the year. It processes 12 billion datapoints every day and counting. In the UK, 98% of all new vehicles registered will be connected by 2025 and by 2023 worldwide sales of connected cars will reach 72.5 million units or almost 69% of all passenger vehicles sold, up from 24 million units in 2015. The global connected vehicle market was valued at $63 billion in 2017, and is forecast to increase to $225 billion by 2025, growing at a CAGR of 17.1% from 2018 to 2025.
Richard Barlow, Founder and CEO of wejo, said: “We are incredibly proud of this nomination which is testament to what we have built at wejo. We have a single-minded focus on using mobility to transform consumers’ lives, whilst helping companies, communities and cities to create more efficiencies. We have only just started on a very exciting journey.”
About Fast Track
Fast Track is a leading research and events company that has created a network of the UK’s top private companies through its rankings in The Sunday Times. It publishes seven annual league tables and brings the founders and directors together at invitation-only networking awards events and alumni dinners. Fast Track was founded in 1997 by CEO Hamish Stevenson with The Sunday Times as media partner. Over 22 years, more than 5,400 companies have featured on Fast Track’s league tables. They include nearly half of the UK’s c2,500 private companies with operating profits of over £3m, and almost all private companies with profits over £50m or sales over £250.
For more information please visit: https://www.fasttrack.co.uk/