-The strategic investor is one of the world’s largest automotive manufacturers; the company designs, builds and sells passenger cars, trucks, crossovers and automobile parts

-The company operates through eight major vehicle brands and has the world’s largest installed fleet of connected vehicles

-McKinsey & Co. recently estimated that the connected car data opportunity could be worth $750bn by 2030(1)

-The partner’s strategic investment will propel wejo’s expansion and new product development, while enabling the company to accelerate deployment of its solutions with global automotive OEMs and data acquirers

-The data sharing agreement signed between the investor and wejo represents a major milestone for both companies, and established wejo as the world’s leading connected car data exchange, with more cars on its platform than any other

-Arma was mandated by the Board of wejo to assist the company in its engagement with a leading global automotive OEM

-Arma supported wejo throughout the negotiation process, with a particular focus on articulating its strategy and positioning, developing a detailed financial plan and negotiating key commercial aspects of the data sharing agreement and other transaction documents

-Arma delivered a highly successful outcome for wejo’s shareholders, securing a landmark deal with the world’s most prominent connected car manufacturer, while protecting all shareholders’ interests through a robust Shareholders’ Agreement

-The transaction strengthened Arma’s long-standing track record of structuring innovative deals for technology and B2B data leaders in Europe and underscored Arma’s leadership in advising companies in the data, digital marketplaces and IoT segments