Wejo Drives Future of Smart Mobility With Launch of Real-Time Traffic Intelligence Solution

Rhea-AI Summary

Wejo Group Limited has launched Wejo RTTI, a Real-Time Traffic Intelligence solution that provides comprehensive traffic and road condition data using insights from millions of connected vehicles. This service, designed for various industries including logistics and civil engineering, offers low-latency updates, accurate event reporting, and the ability to help manage road safety and congestion. With access to data from approximately 12 million vehicles, Wejo RTTI aims to enhance operational efficiency, improve traffic management, and support the development of smart city infrastructure.

Positive

• Launch of Wejo RTTI enhances traffic monitoring capabilities.
• Access to real-time data from approximately 12 million connected vehicles.
• Supports various sectors, improving operational efficiency and safety.

Negative

• None.

New solution provides real-time accurate and comprehensive picture of traffic and road conditions at any given time to help improve overall efficiency and safety on road networks

MANCHESTER, England--(BUSINESS WIRE)-- Wejo Group Limited (NASDAQ: WEJO), a global leader in Smart Mobility cloud and software solutions for connected, electric and autonomous vehicle data, today announced the launch of Wejo RTTI^TM, a Real-Time Traffic Intelligence solution that can provide critical insights via an up-to-the-minute and holistic view of traffic conditions and safety incidents on roads using aggregated data derived from millions of connected vehicles. Wejo RTTI can be utilized by public agencies, civil engineering firms, mapping & navigation providers and logistics companies to get a better view of what’s happening here and now. This insight allows for a real-world impact on road safety and congestion within a community using easily digestible real-time traffic data.

The Wejo RTTI solution offers several features, including ultra-low latency, highly granular traffic updates and accurate traffic events, as well as real-time speeds and travel-times for roads. This service enables quick detection of changing traffic conditions, identification of road closures and unexpected slowdowns situations, helping the unpredictable become more manageable.

Built for any developer or mobility service provider that wishes to integrate real-time traffic into its solutions, Wejo RTTI is available via APIs and can help car/ride sharing applications, logistics companies and other gig-economy companies improve estimated time of arrivals. It also enables the ability to implement dynamic pricing for congestion charging on routes, at tolls and in parking structures.

“Wejo has always been at the forefront of making connected vehicle data available to all – now we are doing the same for real-time traffic information to help our customers understand, anticipate, and respond to what is happening on roads and highways,” said Richard Barlow, Founder & CEO of Wejo. “Wejo RTTI can empower our customers to shape the future of transport and road safety to drive the future of smart mobility, smart cities and smart living.”

Data Accuracy and Integrity

Visibility into real-time traffic data allows users to proactively recommend safety improvements to road networks, identify urban traffic congestion patterns as they happen and make decisions based on accurate real-time intelligent aggregated data. Users can assess one of the best approaches for future planning and make immediate changes. Wejo RTTI also provides accurate insights without human intervention, removing any bias from the research. Actionable insights derived from the solution can be used to mitigate risks and improve safety.

Speed of Visibility

The real-time aspect of Wejo RTTI allows users to understand and respond to real road traffic and safety conditions quickly by having insight into what is happening on the road right now. This allows users to reduce time, money and effort in collecting data to understand pre/post-development analysis and go straight to analyzing insights when they want, providing a clear view of before, during and after. Wejo RTTI also helps users to understand in real-time where congestion exists, unreported road closures and unexpected slowdowns.

Boost Operational Efficiency

By having access to intelligent real-time aggregated data derived directly from millions of connected vehicles, users can reduce reliance on the need for field devices like sensors and cameras and reduce the time spent analyzing multiple traffic data sources to find answers. It also allows users to get access to a real-time view of roads, highways, and public infrastructure – not just where sensors, cameras and field devices are located.

Drive Innovation

With direct access to connected vehicle data from approximately 12M vehicles in real-time, Wejo is leading the way in Urban Smart Mobility by providing access to real-time traffic insights that can reinforce the backbone of smart city infrastructure and technology. As connected vehicle data becomes prolific and more cars become connected, both in sophistication and volume, Wejo RTTI will provide a means for users to drill into previously inaccessible fresh sources of real-time data.

“Traffic and transportation agencies, as well as government departments, can utilize powerful intelligent real-time aggregated data and insights from millions of connected cars to help accurately visualize traffic patterns, queuing vehicles, safety hotspots and road incidents as they happen,” said Graeme Sandieson, SVP Product Management for Wejo. “Monitoring the performance of road networks can reduce congestion, improve accident response time, and secure the mobility needs of the community.”

For more information on the Wejo Real-Time Traffic Intelligence solution, visit www.wejo.com.

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^TM smarter mobility by organizing trillions of data points collected from approximately 12 million vehicles and 66.8 billion journeys to date, 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.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. For more information, please follow this link: https://www.wejo.com/forward-looking-statements

View source version on businesswire.com: https://www.businesswire.com/news/home/20220405005180/en/

Media:

Kae Kronthaler-Williams, Wejo

Kae.Kronthaler-Williams@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 Group Limited

FAQ

What is Wejo RTTI?

Wejo RTTI is a Real-Time Traffic Intelligence solution launched by Wejo Group Limited, providing real-time traffic and road condition data.

How does Wejo RTTI improve traffic management?

Wejo RTTI offers low-latency, accurate updates from millions of connected vehicles, enabling better traffic monitoring and congestion management.

What industries can benefit from Wejo RTTI?

Industries such as logistics, civil engineering, and public agencies can utilize Wejo RTTI for traffic insights and safety improvements.

How many vehicles does Wejo RTTI aggregate data from?

Wejo RTTI aggregates data from approximately 12 million connected vehicles.

What features does Wejo RTTI provide?

Wejo RTTI offers features like real-time speed updates, travel times, detection of road closures, and insights for dynamic pricing.