Seed · Mobility
Mova Protocol closes $3m seed investment for mobility data platform
The Brazilian company combines driving data, a mobile app and an automotive marketplace.
Mova Protocol has completed a $3m seed investment as it develops a platform based on real-world vehicle use. The announcement did not name the investors.
Its mobile app collects mileage and driving behaviour data, validates the information and records it on a blockchain. Drivers earn points that can be redeemed in the company’s automotive marketplace.
The company also develops data and reporting services for businesses. It reports more than 25,000 registered users and over 121,000 validated trips.
Use of funds
Develop mobility data platform and automotive marketplace
Funding history
Seed · This round$3M