Wejo Develops Breakthrough Autonomous Vehicle Platform to Rapidly Accelerate Worldwide AV Development and Adoption

Rhea-AI Summary

Wejo announces its new Wejo Autonomous Vehicle Operating System (AV-OS) aimed at revolutionizing autonomous vehicle (AV) development. Leveraging 18.4 billion daily data points from 18.6 million connected vehicles, the platform enables safe and efficient AV testing in a virtual environment. By democratizing access to connected vehicle data, Wejo aims to accelerate AV innovation for automakers and fleet developers. The AV-OS will support simulation, modeling, and real-time data analysis, improving safety and reducing traffic accidents, contributing to a greener world.

Positive

• Launch of the Wejo AV-OS platform to enhance AV development and testing.
• Utilizes 18.4 billion daily data points from 18.6 million connected vehicles.
• Aims to significantly reduce AV program development time for automakers.

Negative

• None.

• World’s first AV platform is being built to integrate live and historic connected vehicle data.
• Built on Wejo’s experience with   18.4 billion daily data points and our combined 18.6 million connected vehicles data set
• Interpreted and powered by Wejo’s connected vehicle data intelligence, AV-OS will give any AV developer, from OEM to fleet operator, unprecedented access and support
• Wejo AV-OS will bring about a step-change in the acceleration of AV testing, carried out in a completely safe, virtual simulation environment
• Wejo believes it will cut AV program development time for leading automakers and AV fleet operators at a global scale
• https://www.wejo.com/

LONDON--(BUSINESS WIRE)-- Wejo Group Limited (NASDAQ: WEJO) (“Wejo”), a global leader in Smart Mobility cloud and software analytics for connected, electric and autonomous vehicle (AV) data, today announced its breakthrough smart platform, Wejo Autonomous Vehicle Operating System (AV-OS). AV-OS is set to rapidly accelerate the development and adoption of AVs for the world’s leading automakers and fleet developers by opening up and democratizing access to connected vehicle data (CVD).

Announced at MOVE 2022, held at London’s Excel 15-16 June, The AV-OS platform will leverage billions of daily data points from millions of connected vehicles, including AV data, to generate AV outcomes.

Interpreted and analyzed by Wejo’s Smart Mobility intelligence offerings, the platform will unlock never-before-seen insights for any AV developers supporting the rapid acceleration of AV testing, carried out safely in a virtual simulation environment.

Democratizing access to data, the world-first of its kind AV-OS platform will remove the silos of traditional development processes that AV OEMs must go through, enabling rapid innovation.

Turning the raw connected vehicle data into meaningful and actionable insights, Wejo helps developers better understand vehicles, journeys, roads, and locations to create safer and more environmentally-friendly driving experiences.

Wejo Founder and CEO, Richard Barlow said: “The widespread adoption of autonomous driving is integral to safer roads, lower emissions, and a significant reduction of traffic accidents. Auto accidents and emissions combine for a staggering 9.3M+ deaths per year.

But without cross-industry collaboration, innovation will be slow. By democratizing access to connected vehicle data, our AV-OS platform will remove barriers to widespread AV adoption in ways never before possible, rapidly reducing development time.”

By organizing billions of data points from millions of connected vehicles and partnering with global automotive manufacturers to stream real-time data at scale and speed, Wejo’s AV-OS platform will bring about a step-change in AV innovation and development efficiencies, as its capabilities will support:

• Simulation and modeling:

- Using connected vehicle data to inform AV model development
- Providing real-world data and intelligence about automated and non-automated (human) driving
- Removing silos and supporting the development, testing and operating AVs through live visualizations, without the need to have a physical AV on the road
- Supporting the development, testing and operation of AVs

• Anticipating the road ahead:

- Providing AV OEMs and developers with intelligence about longer-range conditions across traffic, roadways, and environments in a live 3D environment, instead of learning from yesterday’s data
- Growing connected vehicle and autonomous vehicle data (e.g., lidar & camera outputs)
- Edge & distributed infrastructure to reduce latency barriers

• Creating a Common Language for Standardization:

- Developing vehicle and road network digital twins that represent a common language for AVs
- Including vehicle status and dynamics, plus intended movements (lane changes/exits)
- Going beyond map data

• Safer Roads:

- Understanding the pattern of traffic and driving behaviors to allow for better planning and a smarter, faster AV reality

About Wejo:
Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous vehicles, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. Wejo enables Smart Mobility for Good™ smarter mobility by organizing trillions of data points collected from approximately 18.6 million vehicles, of which 13.0 million were active on the platform during the prior six months, transmitting data in near real-time, and 77 billion journeys as of May 31, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo employs more than 300 people and has offices in Manchester, UK and in regions where Wejo does business around the world.

For more information, visit: www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005258/en/

Media:

Ben Hohmann, Wejo

ben.hohmann@wejo.com

Antonio De Soto, Peppercomm on behalf of Wejo

aDeSoto@peppercomm.com

Investors:

Tahmin Clarke, Wejo

tahmin.clarke@wejo.com

Idalia Rodriguez, Arbor Advisory Group on behalf of Wejo

investor.relations@wejo.com

Source: Wejo

FAQ

What is the Wejo AV-OS platform?

The Wejo Autonomous Vehicle Operating System (AV-OS) is a smart platform designed to accelerate the development and testing of autonomous vehicles by providing unprecedented access to connected vehicle data.

How does Wejo plan to improve AV testing?

Wejo's AV-OS enables safer AV testing in a virtual simulation environment, utilizing billions of data points from connected vehicles to inform development and decision-making.

What data does Wejo's AV-OS utilize?

The AV-OS uses 18.4 billion daily data points derived from a dataset of 18.6 million connected vehicles to enhance the safety and efficiency of autonomous vehicle programs.

When was the Wejo AV-OS announced?

The Wejo AV-OS platform was announced at the MOVE 2022 conference held in London on June 15-16, 2022.

What impact will Wejo's AV-OS have on the automotive industry?

The AV-OS is expected to democratize access to connected vehicle data and accelerate innovation in the automotive industry, leading to faster adoption of autonomous vehicles.