330m wejo 800m – explained

330m wejo 800m is one of the top 800 million connected vehicle data providers in Wejo Spac. It was recently purchased by Virtuoso Acquisition Corp for $170 million. Wejo plans to use the additional capital. to expand its product range and to acquire new car manufacturers more quickly. The company also plans to expand into new markets. Proceeds from the sale of the two companies will be used to fund a five-year growth strategy.