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Mitsubishi Enters Commercial Agreement With Car Data Broker Otonomo

Otonomo’s technology collects and monetizes data from smart cars

Elham Nasser Eddin 13:0407.01.20

Israeli-based car data broker Otonomo Technologies Ltd. announced Monday it has entered a commercial agreement with auto company Mitsubishi Motors. The financial terms of the deal were not disclosed.

 

As part of the agreement, Mitsubishi will integrate Otonomo’s data collection and distribution technology into its vehicles, enabling smart cars to seamlessly share data with third-party services and application providers, including mapping, electric vehicle charging, parking, and preventative maintenance, Otonomo said in a statement.

Otonomo CEO Ben Volkow. Photo: Orel Cohen Otonomo CEO Ben Volkow. Photo: Orel Cohen

 

Founded in 2015, Otonomo develops ways to monetize data collected by smart cars, acting as a middleman between carmakers and third-party companies that offer automotive-related services. In January 2019, Otonomo entered a similar agreement with Stuttgart-based automaker Daimler AG.