Wejo completed a reverse merger with Virtuoso Acquisition Corp., valuing the company at $1 billion and enabling it to trade on Nasdaq under $WEJO.

Target Information

Wejo is a leading company in the connected vehicle data sector. The organization specializes in harnessing data from millions of vehicles to enhance road safety, reduce emissions, and facilitate the development of electric and autonomous vehicle technologies. With its innovative cloud technology, Wejo has managed to integrate data from approximately 11.9 million vehicles, positioning itself as a pivotal player in the automotive data industry.

On November 19, 2021, Wejo successfully completed a reverse merger with Virtuoso Acquisition Corp. The merger values the company at an impressive $1 billion, reflecting growth potential and strategic value. Following this transaction, Wejo is now publicly listed on the Nasdaq under the ticker symbol $WEJO.

Industry Overview

The connected vehicle data industry has experienced rapid growth in recent years, fueled by the increasing demand for vehicle connectivity and real-time data analytics. This indus