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Telenav Enters Into Strategic Partnership with Grab

Auto News - Published on Wed, 14 Aug 2019

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Leading provider of connected-car and location-based services Telenav Inc announced it has entered into a strategic partnership and transaction with Grab, Southeast Asia's leading super app, to boost the latter’s development of geo-based products and services using Telenav’s OpenTerra platform. Grab plans to use Telenav’s OpenTerra platform to process data from its fleet of vehicles to enhance its location-based services. This is the first major deal for Telenav in which it will provide its OpenTerra platform to an outside company. As part of the agreement, Grab will purchase the technology underlying the OpenTerra platform with plans for certain members of the OpenTerra team to join Grab. Telenav will be able to continue developing the platform going forward through a license back to the OpenTerra platform, with the ability to provide and sub license the platform to current and future customers.

Mr Hassan Wahla, Telenav co-president, automotive business unit said that “With the rapid pace of development in Southeast Asia, building delightful location-based services and experiences can be challenging. Grab’s use of our OpenTerra platform validates the platform’s capabilities to leverage the power of data and AI technologies to contribute to better mapping and location-based solutions for Southeast Asia. We hope this is the first of many opportunities for us to partner strategically with Grab.”

Closing of this transaction is subject to customary conditions and is expected to occur before end of Telenav’s fiscal year 2020.

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Posted By : Mohan Sharma on Wed, 14 Aug 2019
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