Germany’s Azowo raises €10M to power next-generation connected mobility
Summary
Stuttgart-based Azowo, a mobility cloud provider, announced on Wednesday that it has closed €10M in a Series A round of funding led by AEW Energie AG. Start-up BW Innovation Fonds, MBG Baden Württemberg, and Project A Ventures also participated in the round. The company says the capital will be used for international expansion in Europe and the US, and to support product innovation, sales, and marketing efforts.
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