BMW, Jaguar Land Rover and Porsche all backed a series B round for the roadside assistance app developer, whose early investors include Verizon, Allianz and ATD.
US-based roadside assistance provider Urgent.ly has raised $21m in a series B round that included the corporate venturing units owned by automotive manufacturers BMW, Porsche and Jaguar Land Rover.
BMW i Ventures, Porsche Ventures and InMotion Ventures all took part in the round alongside undisclosed current investors, boosting the company’s overall funding to $38m.
Founded in 2013, Urgent.ly has created a mobile app that enables drivers to rapidly request roadside assistance, combining location-based services, real-time data and artificial intelligence.
The…
