USA> Porsche, BMW i Ventures and InMotion Ventures. the venture capital division of Jaguar Land Rover is set to invest in USA based Urgent.ly on a financing round that amounted to $21 million

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Urgent.ly is an American company that is seeking to lead the global platform for mobility and roadside assistance is to set to receive an $21 million from international companies such as Porsche, BMW i Ventures and InMotion Ventures. the venture capital division of Jaguar Land Rover. Urgent.ly supports roadside assistance services in North America, Europe and Asia.

Urgent.ly connects drivers, service providers as well as automotive manufacturers in real time using artificial intelligence and geolocation. Therefore, in an event of breakdown, Urgent.ly provides the best and the fastest help. In United States, half of the all roadside assistance providers are already connected to the platform that serves around 45000 networked vehicles.

About Porsche

Porsche, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. Porsche was founded in 1931 by Ferdinand Porsche. Its global headquarter is in Stuttgart, and is owned by Volkswagen Group.

As of 2015 its revenue was €21.533bn($22.79bn) and profit was €2.335bn($2.47bn). Globally it has around 24,481 employees.

About BMW i Ventures

Founded in 2011, BMW i Ventures is the venture capital arm of BMW Group that specializes in seed, startup, incubation, and growth investments. With offices in California, New York and Germany, the firm seeks to make investments in sustainable vehicles and mobility services sectors focusing on internet and wireless services providing information about traffic conditions, entertainment and public transport services.

About InMotion Ventures

Headquartered in UK, InMotion Ventures. is an accelerator and a venture capital arm of Jaguar Land Rover Limited (JLR) specializing in technology, emerging mobility, smart transportation, services supply chain, mobility services, and integrated user experience, incubation, Pre-seed and startup and series B investments. InMotion Ventures was founded in 2016.

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