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CloudCar Announces $15M Investment From Jaguar Land Rover
Monday, January 09, 2017

PALO ALTO, Calif., Jan. 9, 2017 /PRNewswire/ -- CloudCar today has announced a $15 million minority investment in the company from Jaguar Land Rover, the UK's largest automotive company. In addition to the investment, Jaguar Land Rover will adopt its next-generation cloud services platform.

CloudCar, based in Palo Alto, California, is a world-leading developer of connected driver experiences. With machine-learning capabilities tied to various sensors in the car, its cloud services platform allows car manufacturers to use its capability - including improved voice-activated applications and personalisation - while still maintaining their brand identity and retaining ownership of data.

Executive Director of Corporate Strategy for Jaguar Land Rover, Hanno Kirner said, "This represents an important step in developing connected car technology. CloudCar has been working with premium manufacturers on some of the most exciting opportunities and challenges in the fields of machine learning and infotainment. This investment is integral to Jaguar Land Rover's vehicle technology programme: but the programme also presents an invaluable opportunity for other automotive manufacturers to get involved. The eventual need to integrate into the car hundreds of driver-focused global cloud services and content means this platform is an excellent example where cooperation between OEMs can improve outcomes for customers, as well as reducing costs."

CEO of CloudCar, Philipp Popov said, "We are excited to deepen our relationship with Jaguar Land Rover and we also look forward to other manufacturers benefitting from our recent progress."

CloudCar will launch their next generation platform with JLR's first fully electric model, Jaguar I-PACE.

ABOUT CLOUDCAR INC.

CloudCar(TM) provides the most powerful platform for building next generation connected vehicle experiences. Our cloud based services and content is constantly evolving, ensuring an ever-green experience to your customers. The CloudCar(TM) platform is distinct in that it offers the OEM: a driver-centric intuitive experience, control of data, rapid deployment of services, and expansion to new geographic regions without requiring firmware updates. CloudCar(TM) is headquartered in Palo Alto, CA. For more information go to www.cloudcar.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cloudcar-announces-15m-investment-from-jaguar-land-rover-300387484.html

SOURCE CloudCar Inc.



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