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08 05 2017 01

The French startup, founded in 2012 by Via ID, Mobivia's business accelerator for mobility, completes fundraising to speed up growth and roll-out their platform

LILLE, FRANCE--(Marketwired - May 03, 2017) - Xee, the budding start-up from FrenchTech reinventing how people use cars with its platform of connected services, raises over EUR12M from Bridgestone EMEA, Total and Cofip, who join Via ID, the existing investor.

In the fast growing connected car market, expected to have more than 400 connected vehicles by 2020 and be worth an estimated $350 billion, 84% of sales will be generated by aftermarket players. Xee is the service platform for connected cars enabling companies to:

  • roll out next-generation services for motorists, regardless of the model of their vehicle, through pay as you drive, pay how you drive, geolocalization, security and alert, integration with SmartCity/SmartHome, etc.;
  • manage their vehicle fleet more easily from the first vehicle onwards, with a connected, real-time approach using geo-localization, steering, analysis, etc.

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