Teralytics has raised $17.5mn (£14.3mn) in a funding round as it looks to build advanced mobility insights solutions to help cities and transport services understand, predict and improve journeys across all modes of transport.
The Zurich-based firm is building a platform, powered by telecom network data, that will support the transition to electric mobility by optimising charging station locations and helping to transform the grid based upon predicted demand. Alastair MacLeod, CEO of Teralytics, predicted there to be a “seismic shift” in mobility technologies over the next 10 years. MacLeod added: “We are building a global company which will put us at the epicentre of these transformational changes.”
The funding round was led by Robert Bosch Venture Capital, alongside Deutsche Bahn Digital Ventures, innogy Ventures, LBBW Venture Capital, Liil Ventures and existing Teralytics investors, Atomico and Lakestar. The capital raised will enable Teralytics to grow its geographic footprint as it seeks to become the global marketplace for mobility insights, covering the journeys of over 1bn people.
At present, it is already providing mobility data products for infrastructure developers, transport planners and shared mobility services across over 10 countries.