HELLA has entered a partnership with connected vehicle data provider Wejo. The relationship aims to potentially develop new data-driven business models. As part of the collaboration, HELLA acquired a minority stake in Wejo.
The first joint pilot projects between HELLA and Wejo are currently being defined and will begin shortly. A strategic investment in Wejo also forms part of the collaboration between the two companies. The investment has been made by the Silicon Valley-based venture capital arm HELLA Ventures. The contracting parties have agreed not to disclose the exact amount of the investment.