May 18, 2020
The IM Accelerator is a partnership between Connected Places Catapult and Wayra UK, the largest global corporate accelerator run by entrepreneurs, that is part of Telefónica’s Open Innovation Hub. The programme is designed to attract disruptive start-ups with high-growth potential into the UK transport industry, helping them grow into world-leading companies. The programme is also supported by Hyundai and Amey, who will all provide support to start-ups at the Accelerator, including mentoring, coaching, and access to their high-level expertise and networks.
To date, the IM Accelerator has generated over 30 commercial pilots for the 28 start-ups that have previously participated in the programme. Combined, these start-ups have raised over $250M in external investment. Notable success includes kerbside management and mobility technology firm AppyWay, who received strategic investment from Hyundai and the Sumitomo Corporation as part of its total £7.6 million Series A funding round; and, electric vehicle range prediction technology company Spark EV, who received support to trial its technology on Hyundai electric vehicles. These were both a direct result of AppyWay’s and Spark EV’s involvement on the accelerator. Valerann, from the first cohort, was recently a CES Top Tech Winner. Its Smart Roads Platform has also been awarded the 2020 Best of Innovation in the CES Innovation Awards.
The programme’s goal is to develop companies who will create solutions for the most pressing transport problems facing the world today, improving day-to-day life for millions of travellers, while creating new UK-based industry leaders in a £1.4bn global transport systems market. The new cohort includes:
Arrive.by – Cost effective, highly scalable cloud-based fleet management system.
BetterPoints - Award winning behavioural change technology company delivering highly effective evidence-led modal shift and sustainability incentive programmes for transport and mobility-related organisations, enterprises and cities globally.
CARFIT – Developed technology that reads car vibration to understand their usage and self-diagnose maintenance needs.
Capte BV – An all in one IOT platform that includes hardware, software and connectivity to achieve the best out of vehicle fleets.
Cazana - Big data and predictive analytics providing automotive insights for the future of vehicle ownership.
ev.energy - An AI-powered software platform that connects EVs, chargers, and power grids to intelligently manage EV charging. It delivers the cheapest, greenest energy possible, at home and on the go.
Helix Technologies – Designs and manufactures advance innovative satellite positioning antennas that are essential for tomorrow’s driverless and autonomous world.
Motor Ai - Level 4 autonomous driving system software based on cognitive neuroscience and ground-breaking research.
Phantasma Labs - Helps self-driving cars to understand humans better by focusing on the “edge cases” or scenarios that are difficult to predict.
XapiX - Data integration platform for the automotive, logistics and IoT industries.
Connected Places Catapult SME Development Director Alex Weedon said:
“We are excited to welcome such a diverse group of exciting businesses to the IM Accelerator. We had a large number of quality applications which allowed our judges to select a group which really represents the scope and ambition of the thriving SME and start-up community currently working on mobility in the UK. We’re aiming to replicate the success that many of the SMEs that have already taken part on the accelerator have experienced, and we have a fantastic group of world leading partners who will help us realise this.”
Bruno Moraes, Country Manager at Wayra UK, said:
“This programme is the first in the UK to cover all fields related to Intelligent Mobility, supporting data-driven solutions for the most crucial transport problems that we face. More than 150 start-ups and scale-ups applied to join the programme. From many different countries, those companies bring some of the most innovative solutions in the mobility space. The success of this programme would not be possible without our world-class partners. We’re very pleased to continue these partnerships with the launch of Cohort Four and we also look forward to developing business opportunities between Telefónica, our partners and the start-ups joining us now."
Notes to editors
Intelligent Mobility uses new and emerging technologies to create a smarter, greener, safer and more efficient movement of people and goods around the World.
Intelligent Mobility will drive a radical overhaul of transport systems to redefine the future of transport. The UK is ideally positioned to take advantage and be at the forefront of this momentous new global market, which is conservatively forecast to treble in worth to £1.3 Trillion per annum by 2030
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About Wayra UK
At Wayra UK, we democratise entrepreneurship by providing unparalleled access to networks and capital, turning start-ups into scale-ups, while ensuring that our start-ups reflect the diversity of the UK. We have already accelerated almost 300 start-ups and invested in 193 of them, which nowadays have a combined value of over $1bn and have had 137 trials or contracts with Telefónica, generating $18.5m in revenue for our portfolio of start-ups.
We scale start-ups by giving them access not only to investment but also to business development opportunities with some of the world’s largest companies, including our parent company, Telefónica. We are part of a larger group which runs 7 hubs in Europe and Latin America, that reach the entrepreneurial ecosystems of 10 countries. This makes Wayra the world’s most global, connected and technological innovation hub.
Apart from our 193 portfolio companies, we have supported other 94 start-ups in 6 cities throughout the UK. We bring world-class start-ups not only to Telefónica globally and to O2 locally, but also to our network of partners, including Cisco, Novartis, Ferrovial, Hyundai, Connected Places Catapult and the British Government, via the GCHQ and NCSC. In each case, our primary aim is to find new sources of revenue and/or innovation for the start-ups.
Telefónica is one of the largest telecommunications companies in the world by market capitalisation and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company, it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.
The company has a significant presence in 14 countries and over 346 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy.
Telefónica is a 100% listed company and its shares are traded on the Spanish Stock Market and those in New York and Lima.
About Connected Places Catapult
The Connected Places Catapult accelerates smarter living and travelling in and between the places of tomorrow. We focus on growing businesses with innovations in mobility services and the built environment that enable new levels of physical, digital and social connectedness. The Connected Places Catapult operates at the intersection between public and private sectors and between local government and transport authorities.
We convene the disparate parts of the market to help innovators navigate the complexity of doing business, creating new commercial opportunities and improving productivity, socio-economic and environmental benefits for places.
About Ferrovial Services
Ferrovial Services is an international benchmark in the maintenance and operation of public and private infrastructure for transport, environment, industry, natural resources (oil, gas and mining) and utilities (water and electricity), and in the provision of facility management services.
With a solid international presence in stable regions such as the UK, Spain, Australia, New Zealand, the United States and Chile, and with a workforce of more than 80,000, Ferrovial Services provides end-to-end solutions for infrastructure and cities to improve their efficiency, functionality and sustainability.
Amey is Ferrovial’s UK operation. Our team of 20,000 works across four continents – making us a leading supplier of consulting and infrastructure support services both in the UK and internationally.
We’ve been in business for nearly 100 years. We’re proud of our long history and the difference we make; serving the communities we work in, whatever the weather and whatever the challenge.
We create safer, smarter, and sustainable places to live, work and travel. By designing, building, maintaining and investing in our country’s services and infrastructure we make a difference including engineering, facilities management, utilities, transport, environmental services, defence and justice.
The power of new thinking has helped Hyundai become the world’s fifth-largest motor group in less than fifty years, selling 4.05 million vehicles in 2011. In 1967, in an innovative arrangement, Chung Ju-Yung started the Hyundai Motor Company to build the Cortina in Korea, in association with Ford.
Smart enough to realise world-class expertise could unlock lucrative new markets, Chung hired former Austin Morris boss George Turnbull in the 1970s to lead the development of the very first Hyundai car. Within two decades Hyundai was exporting in volume, to the huge US market among others. Today, Hyundai has the world’s biggest car plant. Ulsan, in South Korea, builds 1.5 million cars a year – the equivalent of one every 20 seconds, thanks to 34,000 personnel and berths where three 50,000-ton ships can anchor simultaneously. It’s also known as the ‘forest plant’ because it has 58,000 trees landscaped within it.
Hyundai also has Europe’s most modern plant, Nošovice in the Czech Republic, with advanced technologies and waste-management systems to ensure exceptionally high levels of quality, while keeping impact on the environment to a minimum.