WEJO - Wejo and Ford collaborate for leveraging connected vehicle data across Europe

Wejo (NASDAQ:WEJO) surged 20.5% higher in premarket trade after it announced a collaboration with Ford Motor in Europe which provides the former access to personalized connected vehicle data from Ford vehicles across the continent. This supports the provision of data and insights to insurance providers that leverage user-based intelligence for end-to-end insurance. Under this collaboration, Wejo leverages Ford's end-to-end data consent process through which the insurance company gains consent from the customer to access the personalized vehicle data such as vehicle location, speed and mileage. The partnership focuses on defined data sets created specifically for end-to-end insurance in Europe.

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Wejo and Ford collaborate for leveraging connected vehicle data across Europe