Iteris and Wejo have announced a partnership with a view to delivering enhanced applications of connected vehicle data for safer and more efficient roadways in the US.
Under the terms of the agreement, smart mobility infrastructure management company Iteris will join Wejo’s partner programme to provide new- and existing customers with real-time movement data from more than 11 million connected vehicles.
In addition, Wejo will join Iteris’ ecosystem of mobility intelligence providers, empowering public-sector and commercial enterprise customers in the transportation space nationwide with Wejo’s connected vehicle data.
Connected vehicle data characteristics will combine with additional layers of real-time traffic and weather information, incremental predictive inputs and artificial intelligence (AI) capabilities from Iteris’ ClearMobility cloud.
Iteris claims the combination will enable a new level of insights in areas such as commuter information, traffic mitigation, road network management and studying road utilisation.
“We are excited to announce this partnership, which will make Wejo’s near real-time connected car data available to Iteris’ public-sector and commercial enterprise customers nationwide for the first time,” said Richard Barlow, CEO at Wejo.
“Our value-added insights will enhance and improve Iteris’ product offerings, and ultimately contribute to improved safety and reduced congestion on roadways throughout North America, while helping to shorten journey times and providing car owners with a materially better driving experience.”
“We are delighted to announce our partnership with Wejo and welcome the expansion of [its] industry-leading vehicle intelligence into Iteris’ smart mobility infrastructure ecosystem,” said Joe Reed, chief technology officer, and senior vice president and general manager, applications and cloud solutions at Iteris.
“Wejo is a leader and pioneer in connected vehicle data, and combined with valuable traffic and weather information, and artificial intelligence driven capabilities from our ClearMobility platform, Iteris will enable safer and more efficient mobility for public transportation agencies and commercial enterprises throughout North America.”
According to McKinsey, by 2030 around 95 per cent of new vehicles sold globally will be connected, up from around 50 per cent today, and the global market opportunity of the resulting data is estimated at between $250bn and $400bn.
The announcement comes on the heels of growing interest in connected vehicle data and promise for its applications across sectors. Microsoft, Palantir Technologies, Sompo Holdings and General Motors have all become strategic investors in Wejo as part of the definitive agreement it made to enter a business combination with Virtuoso Acquisition Corp in a transaction expected to close later this year.