Otonomo showcases mobility intelligence solutions to advance electric vehicle adoption, mobility as a service and urban planning

OTONOMO TECHNOLOGIES LTD

New solutions provide actionable insights to optimize livability and sustainability in cities

LONDON, June 15, 2022 (GLOBE NEWSWIRE) — MOVING 2022 Otonomo Technologies Ltd. (Nasdaq: OMO), the platform powering the mobility economy, today showcased its Mobility Intelligence solutions focused on three high-growth categories: Electric Vehicle (EV) Adoption, Mobility as a Service (MaaS) and town planning. These solutions expand Otonomo’s existing curated data product offerings with new actionable insights derived from the application of proprietary data science, machine learning and advanced analytics. Otonomo is exhibiting this week at MOVING 2022 conference in London, where attendees can see demonstrations of the new mobility intelligence solutions at Otonomo booth #307.

Otonomo Mobility Intelligence’s proprietary machine learning and data science creates a digital twin model with over 30 unique indicators that enable predictive modeling of the real world. Otonomo’s technology assesses human movement, analyzes real-world personalities, context, intent, driver segmentation, preferences and needs, then transforms large-scale data into actionable mobility intelligence.

The differentiator of Otonomo’s data-driven insights lies in the fusion of rich data sources to understand multimodal human movement. The depth and breadth of data includes daily, up-to-date and near real-time physical sources from mobile devices, municipalities, charging networks, micro-mobility performance and will soon incorporate multi-layered connected vehicle data of Otonomo.

“I am delighted that Otonomo is expanding our offering from the connected vehicle data that our customers apply so effectively in their products and services, to solutions where we apply our own data science to empower new and existing customers with deep actionable insights. With our mobility intelligence platform, our customers can understand travel patterns in their cities and reduce CO2 emissions through the use of electric vehicles, smart urban planning and more accessible mobility services” , said Ben Volkow, CEO and co-founder of Otonomo.

Otonomo’s Mobility Intelligence Dashboard gives users access to new solutions:

  • MaaS intelligence: Otonomo enables MaaS providers to optimize operational efficiency and increase ROI through access to traffic demand groups through Otonomo’s intelligence platform with data feeds and customer data flows and applications. Otonomo helps mobility service providers match supply with up-to-date demand data by deploying stations in optimal locations based on predictive performance metrics, reallocating their resources, and rebalancing their fleet to maximize efficiency. traffic. It also helps cities foster positive modal shift by increasing the accessibility of mobility services to those most likely to use them.

  • VE Intelligence: Otonomo enables EV charging providers, OEMs and EV-adopting cities to optimally deploy charging stations and sites, maximizing return on investment and service accessibility. Otonomo can forecast demand and work with EV charging station operators to determine optimal locations to place future charging stations. Data-driven EV planners have access to accurate metrics of demand for EV charging sites in every city, accurate mapping of underserved areas in key EV corridors. It also gives EV automakers insight into which charging station operators might be best for partnerships in specific geographies.

  • Urban Intelligence: Otonomo provides city planners and transportation with unique visibility into mobility needs and multimodal demand, necessary to plan and operate efficient and sustainable urban transportation networks. Otonomo provides up-to-date visibility into mobility patterns in specific areas, including detailed origin and destination matrices, ridership rates, and traffic flow and volume, to enable city planners and planners design and plan networks based on hyperlocal multimodal mobility needs. Adding socio-demographic profiles and trip purpose creates even more value for city planners who were previously limited by basic transit “count” data.

“As large cities must find solutions to livability and sustainability issues caused by traffic congestion, noise and emissions, more systematic use of real-time mobility data has become essential,” Claire said. Elnécavé, senior consultant at PTOLEMUS Consulting Group. “Using non-siloed and open-to-all data intelligence is a major part of the solution to build multimodal transport and mobility as a service (MaaS) and reduce the environmental footprint of transport. Otonomo clearly aims to be part of the solution.

Mobility Intelligence is an additional tool of the Otonomo smart mobility data platform that powers the mobility economy across connected vehicles, fleet, insurance, urban planning, electric vehicles and mobility services . By leveraging the data and insights provided by Otonomo, businesses, municipalities, and government institutions can all make informed decisions to drive growth, save money, and transform their bottom line.

Otonomo at MOVE 2022 – June 15 and 16, 2022
Otonomo will host technology demonstrations at Booth #307 highlighting the business impact of its Smart Mobility Data Platform and how it fuels the mobility economy. Additionally, CMO Fred Kohout will present on the “Smart Cities” track on June 15 at 1:50 p.m., addressing the ways mobility data can bridge the activation gap.

To schedule an on-site meeting with Otonomo, please visit: https://info.otonomo.io/event-move-2022

About Otonomo
Otonomo (NASDAQ: OTMO), the platform powering the mobility economy, launches a new generation of mobility experiences and services. With Otonomo, suppliers in the transportation, mobility, insurance and automotive industries are finally able to harness mobility data and insights and turn them into strategic assets and business advantages.

Our partners have access to the widest and most diverse range of data on connected vehicles, mobile phones, public transport, electric vehicle infrastructure and MaaS with one contract and one API. Vehicle and multimodal mobility data is reshaped and enriched to provide deep visibility and actionable insights and enable planning, deployment and operations.

Built with privacy and security by design, our platform is compliant with GDPR, CCPA and other privacy regulations, ensuring that all parties are protected and businesses remain privacy compliant in all geographical areas of the world.

Otonomo has an R&D center in Israel and a presence in the United States and Europe.

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For media inquiries, please contact:
Juliette McGinnis
Senior Director of Communications, Otonomo
[email protected]

For any investment request, please contact:
MS-IR for Otonomo
Miri Segal
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Forward-looking statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Otonomo, the anticipated technological capability of Otonomo, the markets in which Otonomo operates and the expected future financial and operating results of Otonomo. ‘Otonomo. These forward-looking statements are generally identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity “, “plan,” “may,” “should,” “will,” “would,” “will,” “continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and “other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this announcement, including, but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, and changes and development. nts in the highly competitive data market. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and other risks and uncertainties described in Otonomo’s Annual Report on Form 20-F filed with the SEC on March 31, 2022 and in other documents filed by Otonomo from time to time with of the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Otonomo undertakes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of new information, future events or otherwise. Otonomo does not guarantee that it will meet its expectations.

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