Azowo, a Stuttgart, Germany-based mobility cloud provider, closed €10 million in a Series A round of funding led by AEW Energie AG with participation from BW Innovation Fonds, MBG Baden Württemberg, and Project A Ventures also participated in the round.
The funds will be used for international expansion in Europe and the US, and to support product innovation, sales, and marketing efforts.
“We are uniquely positioned by offering a complete end-to-end mobility solution that enables our clients to build new game-changing mobility services for public and corporate use cases at a very high-quality level,” says Albert Pescheck, CEO and co-founder of AZOWO.
The company’s platform enables major automotive OEMs to connect directly with over 100 mobility service APIs. This allows for shared, connected, electric, and autonomous business processes that are much more efficient and sustainable across industries such as real estate, aerospace, the public sector, construction, energy, financial services, and manufacturing.
Company: AZOWO GmbH
Raised: €10.0M
Round: Series A
Funding Month: November 2022
Lead Investors: AEW Energie AG
Additional Investors:
Company Website: https://www.azowo.com/
Software Category: Mobility as a Service
About the Company: Founded in 2016, Azowo is a company that delivers connected vehicle data and a SaaS mobility solution out of one hand. It powers the transition to electric vehicles and connected mobility by combining real-time vehicle data and a highly modular software solution. Azowo’s streamlined software platform connects real-time vehicle data, giving access to over 45 million vehicles, and leverages advanced algorithms to deliver intuitive mobility services. The company’s clients include Munich Airport, Wacker Neuson, SwissEcar, and Sparkasse.
Source: https://siliconcanals.com/news/startups/germanys-azowo-raises-10m/