INMOTION VENTURES INVESTS IN URGENT.LY AS PART OF $21 MILLION ROUND

23 January 2019

InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces its investment in Urgent.ly, the connected roadside assistance service supported by a cutting edge technology platform.

  • Jaguar Land Rover’s venture capital arm invests in mobility and roadside assistance provider Urgent.ly
  • New model for roadside assistance with ability to connect to autonomous, electric and connected vehicles
  • InMotion Ventures co-invests in the Series B round with a number of other premium global automotive brands

InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces its investment in Urgent.ly, the connected roadside assistance service supported by a cutting edge technology platform.

Founded in 2013, Urgent.ly is a full-service roadside assistance provider, taking advantage of connectivity to offer a fully integrated recovery service from first notification to repair. The geo-location of Urgent.ly’s customers and their vehicles means the best-rated and closest providers with the right equipment are algorithmically matched, assigned and dispatched to help the customer. All of these steps – including ETAs, provider tracking, communications and ratings – are connected through Urgent.ly’s seamless, end-to-end digital experience. 

In just two years of operations in the USA, Europe and Asia, Urgent.ly has 45,000 connected recovery vehicles on its platform and has signed deals with several large auto manufacturers and insurers.

InMotion Ventures invests alongside BMW i Ventures and Porsche Ventures, supporting Urgent.ly's ambition to become the market-leading provider of roadside assistance services in the USA, and ultimately, globally.

We are truly gratified by the support of our investors, including some of the world’s top global automotive brands, as we work to define the future of mobility and roadside assistance experience customers demand and deserve.

We look forward to continuing to innovate our connected services across the rapidly evolving global automotive, insurance and mobility markets, where we have consistently driven increases in customer satisfaction over the legacy analog models that have defined the industry for the past 70 years.

Chris Spanos
CEO and co-founder of Urgent.ly

Established automotive manufacturers have a responsibility to develop and fund cutting-edge innovations in the mobility and travel sector. With Urgent.ly, customers will be able to receive an end-to-end digital experience for their premium vehicles. InMotion is incredibly excited to support Chris and the Urgent.ly team throughout this exciting phase of growth.

Sebastian Peck
Managing Director at InMotion

Further information

About InMotion Ventures
InMotion Ventures invests in high-growth companies in the mobility, transportation and travel sector. Powered by Jaguar Land Rover, we invest in early-stage technology companies that change the face of urban mobility, support an active outdoor lifestyle and deliver unique travel experiences. We invest globally in start-ups at all stages from Seed to Series B. Alongside our core investment activity, we collaborate with the wider Jaguar Land Rover business to develop new products and services that provide unforgettable experiences for new and existing customers. Learn more about InMotion Ventures and its investments at inmotionventures.com.

About Urgent.ly 
Urgent.ly’s Global Mobility and Roadside Assistance Platform sits at the center of expanding transportation options for consumers, logistics and technology companies. Analysts are projecting travel miles to increase by one third globally by 2030, from new services, vehicles and uses. This means more things moving and more things breaking down. Urgently delivers help through a seamless, end-to-end digital platform, viewable by every stakeholder in real time. This is why Urgent.ly is the first choice of leading global brands trusted by millions of consumers across automotive, insurance, telematics and new technology transportation companies in North America, Europe and Asia. For more information, visit http://www.geturgently.com or contact media@urgent.ly.

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