The Michelin and Wabco-backed in-car telematics technology developer has now raised at least $265m, following a $90m investment by TPG Sixth Street Partners.
SmartDrive Systems, a US-based telematics system developer backed by vehicle control technology producer Wabco and tyre manufacturer Michelin, has raised $90m from joint investment venture TPG Sixth Street Partners.
Founded in 2005, SmartDrive has created a video-based in-car telematics system that gives drivers information on their vehicle’s performance in real time, promoting safety, helping to save fuel and providing detailed analytics.
The came after SmartDrive raised an undisclosed sum in a late 2017 round led by Michelin North America…
