German startup HIGH MOBILITY has raised a multi-million euro investment for its car data platform. The round (exact amount not disclosed) was led by Deutsche Automobil Treuhand (DAT), a global company collecting automotive data for the last 80 years.
Founded in Berlin in 2012, the mobility startup provides a connected car API that allows other businesses to launch and scale vehicle services, such as insurance, charging, or fleet management.
The idea is to build a developer ecosystem in the field of car data, connecting developers to global manufacturers at a time when drivers expect more from a car’s technology stack.
So far, the company has over 7,000 registered developers from more than 50 countries. On the customer side, HIGH MOBILITY already has a roster of big name clients, such as Porsche, BMW, MINI, Mercedes-Benz, and Nissan, with more manufacturers to be announced this year.
But it isn’t just manufacturers who benefit from the startup’s API and developer ecosystem. Lead investor DAT will gain more than just a return on investment.
“By acquiring shares in HIGH MOBILITY, we have secured access to a well-established development service that we would otherwise have had to provide ourselves anyway,” said Dr. Thilo Wagner, Director of Products at DAT. “Going forward, we will use the time we have gained to create added value from the vehicle data provided for all those involved based on the technical framework established by HIGH MOBILITY.”
Existing investors Fabian von Kuenheim and the Berlin-based VC firm IBB Beteiligungsgesellschaft also joined the round, having previously invested €3 million back in 2018.